Sordello Steven J 4
Research Summary
AI-generated summary
Compass (COMP) Director Steven Sordello Converts RSUs to 2,773 Shares
What Happened
- Steven J. Sordello, a director of Compass, had 2,773 derivative units convert into 2,773 shares (transaction code M — exercise/conversion of a derivative security) on May 1, 2026. Both the acquisition and the corresponding disposition of the derivative were reported at $0.00 per share (total reported cash value $0).
Key Details
- Transaction date: 2026-05-01; Form 4 filed: 2026-05-05.
- Reported amounts: 2,773 shares acquired @ $0.00; 2,773 derivative units disposed @ $0.00.
- Transaction code: M — exercise or conversion of a derivative security.
- Shares owned after the transaction: not specified in the provided excerpt.
- Footnotes: F1 — each RSU represents a contingent right to one share upon settlement; F2 — these RSUs vest 25% on 8/1/2025, 11/1/2025, 2/1/2026 and 5/1/2026 (and, if not fully vested, vest in full at the next annual meeting).
Context
- This filing reflects RSU conversion/settlement rather than an open-market purchase or sale. The filing shows the derivative converted into shares at no cash cost; it does not, in the provided data, show an immediate public sale of the underlying shares. The Form 4 was filed four days after the May 1 transaction date—retail investors may want to confirm timeliness relative to the two-business-day reporting requirement.