JANKS LEON C 4
Research Summary
AI-generated summary
PriceSmart (PSMT) Director Leon C. Janks Receives 1,131-Share Award
What Happened
- Leon C. Janks, a director of PriceSmart, was granted 1,131 shares (reported as an acquisition) on February 5, 2026. The filing shows an acquisition price of $0.00 (total reported value $0) because the award is in the form of restricted stock units (RSUs).
- This was an equity grant/award (not a cash purchase or sale). The RSUs represent the right to receive common shares in the future, subject to vesting.
Key Details
- Transaction date: 2026-02-05; Filing date (Form 4): 2026-02-06 (filed promptly the next day).
- Price: $0.00 per share; Amount: 1,131 units; Reported total value: $0.
- Shares owned after transaction: not disclosed in this filing.
- Footnote: The 1,131 shares are restricted stock units that vest in full on January 30, 2027 or at the issuer's next annual meeting of stockholders, whichever is sooner (per footnote F1).
- No 10b5-1 plan, tax-withholding sale, or late filing is indicated in this report.
Context
- RSU awards are common compensation for directors and executives; they do not require an immediate cash outlay and typically cannot be sold until they vest. This grant is a routine equity compensation event rather than an express market signal of buying or selling.