Wollney Scott D 4
4 · FG Nexus Inc. · Filed Apr 9, 2026
Research Summary
AI-generated summary of this filing
FG Nexus (FGNX) Director Scott D. Wollney Receives RSU Awards
What Happened
Scott D. Wollney, a director of FG Nexus, was granted a total of 12,632 restricted stock units (RSUs) on April 8, 2026. Two awards were reported: 2,259 RSUs granted as director fee payment that vested immediately, and 10,373 RSUs granted as director compensation that are unvested. The reported acquisition price for both awards was $0.00 (no cash paid). Each RSU represents a contingent right to receive one share of FG Nexus common stock.
Key Details
- Transaction date: April 8, 2026 (Form 4 filed April 9, 2026). Transaction code: A (award/grant/acquisition).
- Amounts: 2,259 RSUs vested on grant; 10,373 RSUs remain unvested. Total RSUs granted = 12,632.
- Price: $0.00 per RSU (typical for equity awards).
- Vesting: The 2,259 RSUs vested immediately (fee in lieu of cash). The 10,373 RSUs vest in five equal annual installments beginning on the first anniversary of the grant (per the plan).
- Shares owned after transaction: Not reported in the provided filing details.
- Footnotes: Grants made under the 2021 Equity Incentive Plan; each RSU equals one share on settlement. No 10b5-1 plan, tax-withholding, or late filing flags were indicated.
Context
RSU grants to directors are a common form of compensation and do not by themselves indicate buying or selling sentiment. The immediately vested portion is effectively compensation settled as equity; the remaining RSUs are contingent on continued service and will convert to shares as they vest.
Insider Transaction Report
- Award
Common Stock
[F1]2026-04-08+2,259→ 5,598 total - Award
Common Stock
[F2][F3]2026-04-08+10,373→ 15,971 total
Footnotes (3)
- [F1]Represents restricted stock units ("RSUs") granted under the 2021 Equity Incentive Plan as director fee payment in lieu of cash. All RSUs vested on grant date. Each RSU represents a contingent right to receive one share of common stock of the Company.
- [F2]Represents RSUs granted under the 2021 Equity Incentive Plan as director compensation. RSUs vest in five annual equal instalments, subject to continued service with the Company, beginning on the first anniversary of the grant date. Each RSU represents a contingent right to receive one share of common stock of the Company.
- [F3]Includes 10,373 unvested RSUs granted on April 8, 2026 under the 2021 Equity Incentive Plan as director compensation.