Wollney Scott D 4
Research Summary
AI-generated summary
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.