Alicea Michael 4

What Happened Alicea Michael, a director of Emerald Holding, Inc. (EEX), was granted 23,255 restricted stock units (RSUs) on February 25, 2026. The Form 4 reports the award as transaction code A (grant) at $0.00 per share (reported value $0). The RSUs are scheduled to vest on February 25, 2027 and will be settled in shares of common stock no later than 15 days after vesting, subject to the reporting person’s continued service on the board. The award also contains a change-in-control provision that causes any then-unvested RSUs to become fully vested if a Change in Control occurs and the director is relieved of service before the vesting date.

Key Details

• Transaction date: 2026-02-25 (reported on Form 4 filed 2026-02-26).
• Security/amount: 23,255 restricted stock units; reported price $0.00; transaction code A (award/grant).
• Shares owned after transaction: Not specified in the filing.
• Vesting/settlement: Vesting date Feb 25, 2027; settlement in shares within 15 days after vesting.
• Footnote: RSUs accelerate upon a Change in Control if the director is relieved of service (per the issuer’s omnibus plan).
• Timeliness: Filing appears timely (filed the day after the grant). No 10b5-1 plan, tax withholding, or cashless sale noted in the filing.

Context This was an equity compensation award (RSUs), not an open-market purchase or sale. RSU grants are common for directors and reflect compensation design rather than an immediate trading signal—shares are only issued if and when the RSUs vest (or accelerate under the stated change-in-control condition). For investors, grants are informative about compensation and potential future dilution but do not directly indicate the director buying or selling stock today.