Byrna (BYRN) CFO Laurilee Kearnes Receives 7,500 Shares

What Happened
Laurilee Kearnes, Chief Financial Officer of Byrna Technologies (BYRN), had 7,500 restricted stock units (RSUs) settled into 7,500 shares of common stock on 2026-07-15. The Form 4 shows an acquisition of 7,500 shares and a corresponding disposition of the derivative RSUs (transaction code M). No per-share price or cash proceeds are reported — this was a settlement of compensation, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-07-15 (reported on Form 4 filed 2026-07-16; filing appears timely).
• Shares acquired: 7,500 common shares via RSU settlement. Price per share: N/A (no cash exchange reported).
• Derivative code: M (exercise/conversion of derivative) — the RSUs were converted into shares.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: F1 — each RSU converted to one share at settlement; F2 — RSUs vested on 2026-06-19, were required to be settled by 2027-03-15, and were actually settled on 2026-07-15.
• No sale, cashless exercise, or tax-withholding sale is reported in this Form 4.

Context
RSU settlement is a routine compensation event where vested units convert into company stock. Because no shares were sold in this filing, it does not indicate a cashing-out by the insider; likewise, it’s not a market-driven purchase. Such awards are common for executives and are primarily a compensation/tax event rather than a directional insider trade.