Engel Matthew A 4
4 · Finance of America Companies Inc. · Filed Apr 3, 2026
Research Summary
AI-generated summary of this filing
FOA (Finance of America) CFO Matthew Engel Receives RSU Award, Sells Shares
What Happened
- Matthew A. Engel, Chief Financial Officer of Finance of America Companies, settled RSUs and received a new RSU grant on April 1, 2026. The filing shows conversion/exercise-type entries totaling 24,915 shares (10,833 + 14,082) recorded at $0.00, and a new grant of 37,790 restricted stock units (RSUs) awarded the same day.
- To satisfy tax withholding on the RSU settlement, 7,403 shares were withheld/disposed (3,354 and 4,049 shares) at $16.60 per share, generating $55,676 and $67,213 respectively, for total cash withheld of $122,889. These withholding disposals are routine tax-related actions, not open-market sell decisions.
Key Details
- Transaction date: April 1, 2026; Form 4 filed April 3, 2026 (appears timely).
- Withholding sale price: $16.60 per share; total proceeds withheld: $122,889 (7,403 shares).
- RSUs awarded: 37,790 RSUs on April 1, 2026 (see footnote F4); earlier RSU settlements shown as conversions/exercises (24,915 shares).
- Shares owned after transaction: not specified in the provided filing details.
- Notable footnotes: RSUs represent contingent rights to one share each and may be settled in stock or cash at the issuer’s discretion; remaining RSUs vest over specified anniversaries (see F1–F5). F2 indicates the disposals represent tax withholding.
- Filing timeliness: reported Apr 3, 2026 for Apr 1 transactions — no late filing indicated in the provided data.
Context
- These transactions reflect RSU settlement and a new RSU grant. The share disposals were for tax withholding (common after vesting/settlement) and should not be interpreted as a market-sale signal about the insider’s view of the stock.
- RSU grants vest over future anniversaries (per footnotes) and may be settled in cash or shares, so future dilution or additional withholding could occur as vesting dates arrive.
Insider Transaction Report
Form 4
Engel Matthew A
Chief Financial Officer
Transactions
- Exercise/Conversion
Class A Common Stock
[F1]2026-04-01+10,833→ 44,269 total - Tax Payment
Class A Common Stock
[F2]2026-04-01$16.60/sh−3,354$55,676→ 40,915 total - Exercise/Conversion
Class A Common Stock
[F3]2026-04-01+14,082→ 54,997 total - Tax Payment
Class A Common Stock
[F2]2026-04-01$16.60/sh−4,049$67,213→ 50,948 total - Exercise/Conversion
Restricted Stock Units
[F1]2026-04-01−10,833→ 10,834 total→ Class A Common Stock (10,833 underlying) - Exercise/Conversion
Restricted Stock Units
[F3]2026-04-01−14,082→ 28,164 total→ Class A Common Stock (14,082 underlying) - Award
Restricted Stock Units
[F4]2026-04-01+37,790→ 37,790 total→ Class A Common Stock (37,790 underlying)
Holdings
- 12,452
Restricted Stock Units
[F5]→ Class A Common Stock (12,452 underlying)
Footnotes (5)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A common stock ("Common Stock"). The RSUs will be settled in either Common Stock or cash (or a combination thereof) at the discretion of the Issuer's compensation committee. The remaining RSUs vest on the third anniversary of April 1, 2024, subject to the Reporting Person's continued employment.
- [F2]Represents the withholding of shares of Common Stock for tax purposes in connection with the settlement of RSUs.
- [F3]Each RSU represents a contingent right to receive one share of Common Stock. The RSUs will be settled in either Common Stock or cash (or a combination thereof) at the discretion of the Issuer's compensation committee. The remaining RSUs vest on the second and third anniversaries of April 1, 2025, subject to the Reporting Person's continued employment.
- [F4]Represents additional RSUs granted to the Reporting Person on April 1, 2026. Each RSU represents a contingent right to receive one share of Common Stock. The RSUs will be settled in either Common Stock or cash (or a combination thereof) at the discretion of the Issuer's compensation committee. The RSUs shall vest in one-third increments upon the first, second and third anniversaries of the vesting reference date, April 1, 2026, subject to the Reporting Person's continued employment.
- [F5]Each RSU represents a contingent right to receive one share of Common Stock. The RSUs will be settled in either Common Stock or cash (or a combination thereof) at the discretion of the Issuer's compensation committee. The remaining RSUs vest on the third anniversary of the vesting reference date, November 15, 2023, subject to the Reporting Person's continued employment.
Signature
/s/ Tracy Lowe, as power of attorney for Matthew A. Engel|2026-04-03