Brown Andrew William Fraser 4
4 · Everpure, Inc. · Filed Jun 12, 2026
Research Summary
AI-generated summary of this filing
Everpure Director Andrew Brown Receives 3,515 RSU Award
What Happened
Brown Andrew William Fraser, a director of Everpure, Inc., was granted 3,515 restricted stock units (RSUs) on June 10, 2026. The Form 4 reports the acquisition as an award (transaction code A) at $0.00 per share (typical for RSU grants); no cash changed hands at grant.
Key Details
- Transaction date: 2026-06-10; Form 4 filed 2026-06-12 (timely filing).
- Type: Grant / award of RSUs (code A).
- Amount: 3,515 RSUs; reported price $0.00 (grant value not listed on Form 4).
- Vesting: 100% of the RSUs vest on June 10, 2027, subject to the reporting person's continuous service.
- Accelerated vesting: RSUs fully vest immediately before a Change in Control or Corporate Transaction, subject to continuous service.
- Resignation treatment: If the director voluntarily resigns, vesting occurs pro rata — 1/365 of the award per day served between grant and resignation.
- Shares upon vesting: Footnote indicates shares will be held by the Nicholas Brown 2021 Gift Trust.
- Shares owned following the reported transaction: not specified in the filing.
Context
RSUs are a form of equity compensation that convert into shares only upon vesting; they are not an outright purchase or sale and so are less direct as a signal of immediate insider conviction than open-market buys. The accelerated-vesting provision on a change in control is common and simply governs what happens to unvested awards in a transaction.
Insider Transaction Report
- Award
Class A Common Stock
[F1][F2]2026-06-10+3,515→ 32,418 total
- 1,500(indirect: By Trust)
Class A Common Stock
[F3]
Footnotes (3)
- [F1]The Restricted Stock Unit award shall be subject to accelerated vesting as follows: In the event of a Change in Control or a Corporate Transaction (each, as defined in the Issuer's 2015 Equity Incentive Plan), the shares subject to the Restricted Stock Unit award will fully vest as of immediately prior to the effective time of such Change in Control or Corporate Transaction, subject to the Reporting Person's Continuous Service on the effective date of such Change in Control or Corporate Transaction.
- [F2]The shares of Class A Common Stock are to be acquired upon the vesting of a Restricted Stock Unit award granted to the Reporting Person. 100% of the shares subject to the Restricted Stock Unit award will vest on June 10, 2027, subject to the Reporting Person's Continuous Service (as defined in the Issuer's 2015 Equity Incentive Plan) on the vesting date, and provided that if the Reporting Person voluntarily resigns as a Director, then the shares subject to the Restricted Stock Unit award will vest as of the effective date of the resignation as to 1/365 of the shares subject to the award multiplied by the number of days of the Reporting Person's service between the date of grant and the effective date of the resignation.
- [F3]Shares are held by Nicholas Brown 2021 Gift Trust.