Bertram Kenneth Robert 4
Research Summary
AI-generated summary
CAVA (CAVA) CLO & Secretary Bertram Kenneth Robert Receives RSU Award
What Happened
- Bertram Kenneth Robert, Chief Legal Officer and Secretary of CAVA Group, received a grant of 3,836 restricted stock units (RSUs) on 2026-02-26. The award was granted at $0.00 (no cash paid) and thus has no immediate purchase cost or cash consideration.
Key Details
- Transaction date: 2026-02-26; Form 4 filed 2026-03-02 (timely filing).
- Grant size: 3,836 RSUs; reported acquisition price: $0.00; reported transaction code: A (award/grant).
- Vesting: RSUs vest in three equal annual installments beginning January 24, 2027, subject to continued service (each RSU represents a contingent right to one share upon settlement) (Footnote F1).
- Filing notes that reported amounts include unvested RSUs (Footnote F2).
- Shares owned after the transaction: not specified/disclosed in the filing.
- Remarks: The reporting person disclaims beneficial ownership of any indirectly owned securities except to the extent of pecuniary interest.
Context
- RSU grants are a form of compensation, not an open-market purchase or sale; they represent a future right to receive shares if vesting conditions are met. This grant does not necessarily signal a personal buy or sell decision by the insider.