Schnorr Lisa M. 4
Research Summary
AI-generated summary
Warrior Met (HCC) Director Lisa M. Schnorr Receives RSU Award
What Happened
- Lisa M. Schnorr, a director of Warrior Met Coal, Inc. (HCC), received a grant of 1,423 restricted stock units (RSUs) reported as a derivative award on 2026-04-20. The RSUs were issued at $0.00 per unit (no cash exchanged) and are recorded as an award (transaction code A).
Key Details
- Transaction date: 2026-04-20; reported on Form 4 filed 2026-04-22 (timely).
- Award size and price: 1,423 RSUs; reported price $0.00 (derivative grant), total cash consideration $0.
- Shares owned after transaction: not disclosed in this filing.
- Footnotes (as reported):
- F1: These RSUs were granted under the Warrior Met Coal, Inc. 2017 Equity Incentive Plan and vest in full on the first anniversary of April 23, 2025; settlement in shares occurs upon the reporting person's termination of service as a director per an irrevocable deferral election.
- F2: These RSUs were granted under the Warrior Met Coal, Inc. 2026 Equity Incentive Plan and vest in full on the first anniversary of April 20, 2026; settlement in shares occurs upon the reporting person's termination of service as a director per an irrevocable deferral election.
- Transaction code: A = Award/Grant; no 10b5-1 plan or tax-withholding sale noted.
Context
- RSU grants are a form of compensation and do not represent an open-market purchase or sale; they convert to common stock under the vesting/settlement terms above (here, settlement is tied to termination per the deferral election).
- Because this is a compensatory derivative award to a director, it is generally considered routine corporate compensation rather than a direct market sentiment signal.