McConnell Michael J 4
Research Summary
AI-generated summary
SPS Commerce (SPSC) Director Michael J. McConnell Receives Award
What Happened Michael J. McConnell, a director of SPS Commerce, was granted 3,451 restricted stock units (RSUs) on February 20, 2026. The grant was recorded at $0.00 per share (code A — award/acquisition), meaning no cash changed hands at grant. This is a standard equity compensation award for a board member rather than an open‑market purchase or sale.
Key Details
- Transaction date: 2026-02-20; Filing date: 2026-02-24 (Form 4 filed timely).
- Grant: 3,451 RSUs; reported price $0.00 (award).
- Shares owned after transaction: not provided in the excerpt of the filing.
- Footnote: RSUs vest monthly over 36 months, contingent on remaining a board member as of each vesting date.
- Transaction code: A = Award/Grant.
Context Restricted stock units are a common form of director compensation and represent a promise to issue shares as they vest; they are not an immediate cash purchase or sale and do not, by themselves, indicate buying or selling sentiment. The award will convert into actual shares over time if vesting conditions are met.