Dietzen Scott 4
Research Summary
AI-generated summary
Everpure Director Scott Dietzen Transfers Shares, Receives RSUs
What Happened
- Scott Dietzen, a director of Everpure, transferred 12,811 shares of Class A common stock into the "Scott Dietzen 2022 Revocable Trust" on June 1, 2026 (reported as a zero-dollar transfer). He was also granted a Restricted Stock Unit (RSU) award for 3,515 shares on June 10, 2026 (recorded at $0).
- The June 1 transfer is a contribution to a revocable trust (not an open‑market sale), so it does not represent a cash exit. The 3,515 RSU award is a grant that will convert into shares only upon vesting per the plan terms.
Key Details
- Transaction dates and prices:
- June 1, 2026 — contribution/transfer of 12,811 shares to Scott Dietzen 2022 Revocable Trust; reported price $0.
- June 10, 2026 — RSU grant for 3,515 shares; reported price $0.
- Shares held after transaction: 12,811 Class A shares are held by the Scott Dietzen 2022 Revocable Trust (the filing also notes shares held by Cather GST Exempt Trust and Miles GST Exempt Trust; the filing excerpt does not give totals for those trusts).
- RSU vesting and restrictions (per footnotes): 100% of the 3,515 RSUs vest on June 10, 2027 subject to continuous service; pro‑rata vesting applies on voluntary resignation (1/365 × days of service). RSUs accelerate and vest on a Change in Control or corporate transaction if continuous service exists at that time.
- Filing date: Form 4 was filed June 12, 2026. Insiders normally must file within two business days of a reportable transaction, so this filing is reported later than that window.
Context
- Transfers into a revocable trust are typically estate or administrative planning moves and should not be interpreted as a market sale or bearish signal.
- RSU grants are prospective (not immediate economic proceeds); value will only be realized if and when the RSUs vest and any sale occurs.
- No cash changed hands in these reported transactions (all were recorded at $0).