Burton Phillip 4
Research Summary
AI-generated summary
Simpson (SSD) EVP Burton Phillip Receives RSU Award
What Happened
- Burton Phillip, EVP, North America for Simpson Manufacturing Co., was granted 1,515 restricted stock units (RSUs) on January 27, 2026. The grant was reported as an award/acquisition (Form 4 transaction code A) at a $0.00 purchase price, meaning no cash was exchanged at grant.
Key Details
- Transaction date: 2026-01-27; Filing date: 2026-01-29 (appears timely — within the typical 2-business-day Form 4 window).
- Instrument: 1,515 RSUs granted, $0.00 per RSU at grant.
- Vesting: RSUs vest in three equal annual installments, beginning February 2027 (Footnote F1).
- Outstanding unvested RSUs: Footnote F2 notes inclusion of 4,150 restricted stock units that have not yet vested.
- Shares owned after transaction: not specified in the filing.
- Transaction code: A = Award/Grant.
Context
- RSUs are a form of equity compensation that convert into shares upon vesting under the company's 2011 Equity Incentive Plan and the RSU Award Agreement; they are routine compensation and do not necessarily signal a buy/sell sentiment. This grant increases Phillip’s potential future share holdings as the RSUs vest over the next three years.