Scanlon George P 4
Research Summary
AI-generated summary
Weave (WEAV) Director George P. Scanlon Receives RSU Award
What Happened
George P. Scanlon, a director of Weave Communications, was granted 32,502 restricted stock units (RSUs) on June 10, 2026. The award was reported at a $0.00 per-unit grant price (standard for RSU grants) and represents the right to receive one share of Weave common stock per RSU upon vesting. This is a compensation award (transaction code A), not an open-market purchase or sale.
Key Details
- Transaction date: June 10, 2026; Grant price reported as $0.00 (award of RSUs).
- Shares/units granted: 32,502 RSUs (each converts to one share upon vesting).
- Vesting: RSUs vest in full on the earlier of (i) June 10, 2027, or (ii) the date of the first annual meeting of stockholders following June 10, 2026 (per footnote F1).
- Post-transaction ownership: Not specified in the provided filing summary.
- Footnote: Grant exempt from Section 16(b) short-swing profit rules under Rule 16b-3(d) (see F1).
- Filing timeliness: Report filed June 12, 2026 for a June 10 transaction — appears timely under the two-business-day Form 4 requirement.
Context
RSUs are a form of equity compensation that convert to shares upon vesting; they do not require the director to pay cash at grant. Such awards are routine for board members and are primarily compensation-related rather than a direct market signal of insider buying or selling. The grant will increase Scanlon’s future potential shareholding if and when the RSUs vest.