Leinwand Allan 4
Research Summary
AI-generated summary
Compass (COMP) Director Allan Leinwand Exercises Options, Receives RSUs
What Happened
- Allan Leinwand, a director of Compass, exercised or converted derivative awards for 35,288 shares and an associated derivative entry for 35,288 shares was reported as disposed, both at an exercise/conversion price of $0.00 on 2026-05-14. In addition, he was granted 27,702 restricted stock units (RSUs) on the same date. The filing shows $0.00 reported for these transactions (no cash amount paid or received reported).
Key Details
- Transaction date: 2026-05-14; filing date: 2026-05-15 (timely).
- Exercise/conversion: 35,288 shares at $0.00 (code M).
- Disposition of derivative: 35,288 shares at $0.00 (reported as derivative).
- Grant/award: 27,702 RSUs at $0.00 (code A). Per the filing, each RSU is a contingent right to one share upon settlement (F1).
- Vesting notes: footnotes indicate RSU vesting schedules — one set vests 100% by the earlier of the next annual meeting or May 22, 2026 (F3); another vests 100% by the earlier of the next annual meeting or May 14, 2027 (F4).
- Trust disclosure: the reporting person and spouse are trustees and beneficiaries of the Leinwand Family Living Trust (F2).
- Shares owned after the transactions are not specified in the excerpt provided.
Context
- Code M denotes exercise or conversion of a derivative; the $0.00 price reported means no cash exercise price is shown in the filing (common with certain conversions or plan mechanics), but the filing does not explain cash settlement details.
- RSU grants are awards that convert to shares only upon settlement/vesting and do not represent an immediate open-market purchase; they are typically compensation-related rather than a direct market vote by the insider.