Bible Hannah M. 4
Research Summary
AI-generated summary
Star Equity (STRR) CLO Hannah Bible Receives RSU Shares
What Happened
Hannah M. Bible, Chief Legal Officer of Star Equity Holdings, had restricted stock units (RSUs) settle on March 25, 2026. The Form 4 shows acquisitions of 1,621 shares (RSU settlement) and 312 shares (conversion/exercise of a derivative/RSU), for a total of 1,933 shares received. To satisfy tax withholding, 115 shares were surrendered/disposed at $9.71 per share, totaling $1,117. The filing indicates no open-market sale of shares.
Key Details
- Transaction date: March 25, 2026; Form filed March 27, 2026 (not indicated as late).
- Acquisitions: 1,621 shares (RSU settlement, code A) and 312 shares (exercise/conversion of derivative, code M) — total 1,933 shares acquired.
- Disposals/withholding: 115 shares withheld to cover taxes at $9.71/share = $1,117 (code F). The filing also reports 312-share derivative entries showing both acquisition and disposition (code M).
- Shares owned after the transactions: not reported in the filing.
- Footnotes: RSUs are one-to-one with common shares (F2). New RSU grants have time-based vesting (33%/33%/34% for the March 25, 2026 grant) (F1). The 312-share entries relate to a March 25, 2025 grant of 936 RSUs, one-third of which vested on March 25, 2026 (F5). Shares were withheld to meet statutory tax withholding; no shares were sold (F4).
Context
RSU settlements are awards that convert into company stock as they vest; receiving shares is not an open-market purchase and typically reflects compensation/vesting rather than a bullish market bet. The reported derivative (M) entries reflect conversion/settlement of prior RSUs rather than a cash-market option sale — the filing notes internal netting/withholding rather than an external sale. For retail investors, purchase/acquisition transactions can be more informative than routine vesting, but this filing documents compensation-related share issuance and tax withholding.