McCormick Andrew J. 4
Research Summary
AI-generated summary
BRC Inc. (BRCC) General Counsel Andrew McCormick Receives RSU Award
What Happened
Andrew J. McCormick, General Counsel and Corporate Secretary of BRC Inc. (BRCC), received an award of 171,821 restricted stock units (RSUs) on 2026-03-04. The grant is reported at $0.00 per unit (no cash paid); each RSU is a contingent right to one share of Class A common stock upon settlement.
Key Details
- Transaction date: 2026-03-04; Form 4 filed 2026-03-06 (timely filing).
- Grant: 171,821 RSUs; reported price $0.00; reported acquisition value $0.
- Vesting: RSUs vest in three equal annual installments beginning on the first anniversary of the grant, subject to continuous service. (Footnote: each RSU converts to one share upon settlement for no consideration.)
- Shares owned after transaction: not specified in the provided filing summary.
- Transaction type code: A (award/grant).
Context
RSU grants are a common form of executive compensation and do not represent an open-market purchase or sale. They vest over time and convert to shares if the vesting conditions are met, so they do not necessarily indicate immediate buying or selling intent.