Cormier Renae Terese 4/A
Research Summary
AI-generated summary
ProCap (BRR) CLO Cormier Renae Terese Receives 629,771-Share Award
What Happened
Cormier Renae Terese, Chief Legal Officer of ProCap Financial, Inc. (BRR), was reported to have been granted/acquired 629,771 shares on March 23, 2026. The transaction is an award/settlement of restricted stock units (RSUs) reported at $0.00 per share (no cash paid). Of the 629,771 RSUs, 157,443 are fully vested and settled into shares; the remaining 427,328 RSUs vest in quarterly installments (157,443 on 6/1/2026, 157,443 on 9/1/2026 and 157,442 on 12/1/2026). This filing is an amendment to correct the number of RSUs previously reported.
Key Details
- Transaction date: March 23, 2026; original Form 4 filed March 25, 2026; amended Form 4 filed May 19, 2026 to correct an administrative error.
- Consideration: $0.00 per share (award/grant), reported acquisition of 629,771 shares.
- Vesting: 157,443 shares vested/settled immediately; 427,328 remain subject to scheduled vesting through Dec 1, 2026.
- Shares owned after transaction: Not specified in the provided filing.
- Footnote: Each RSU represents a contingent right to one share. The amendment was made solely to correct the RSU count.
Context
This was an equity compensation award (RSU settlement), not an open-market purchase or sale; such awards are part of executive compensation and do not by themselves indicate buying or selling sentiment. The $0.00 reporting reflects the grant/settlement nature of the RSUs rather than the market value—check contemporaneous stock price to estimate economic value at vesting.