Andersen Michael 4
Research Summary
AI-generated summary
Simpson Manufacturing (SSD) EVP Michael Andersen Receives RSU Award
What Happened
Michael Andersen, Executive Vice President, Europe for Simpson Manufacturing Co., received a grant of 983 restricted stock units (RSUs) on January 27, 2026. The Form 4 reports the acquisition as an award (code A) at a reported price of $0.00 (total reported value $0). This was a compensation grant, not an open-market purchase or sale.
Key Details
- Transaction date: 2026-01-27; Form 4 filed 2026-01-29 (covering the Jan 27 transaction).
- Award: 983 RSUs reported as acquired at $0.00.
- Vesting: Per the award terms, each RSU converts to one share subject to vesting in three equal annual installments beginning February 2027 (footnote F1).
- Holdings note: Footnote indicates 3,091 RSUs that have not yet vested are included in reported holdings (F2).
- Transaction type: A = Grant/Award (not a purchase or sale); no indication of a 10b5-1 plan or late filing in this report.
Context
RSUs are a form of equity compensation that convert to shares as they vest; they do not represent immediately tradable shares and are typically granted as part of pay or retention programs. Because this was a routine RSU award, it should be viewed as compensation-related disclosure rather than a direct market-timing purchase or sale.