Patel Shashank 4

What Happened Shashank Patel, a director of Federal Signal Corp. (FSS), was granted 1,277 shares on April 21, 2026. The Form 4 reports the acquisition as an award (transaction code A) at $0.00 per share (total reported acquisition value $0), indicating a compensatory grant rather than an open-market purchase.

Key Details

• Transaction date: 2026-04-21; Form 4 filed: 2026-04-23 (appears timely under Section 16 reporting rules).
• Transaction type: Award/Grant (code A).
• Shares granted/acquired: 1,277 shares at $0.00 per share (total reported $0).
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• No footnotes, 10b5-1 plan, or tax-withholding details provided in the summary data.

Context An "award" typically reflects compensation (e.g., restricted stock or RSUs) and may vest over time; the $0.00 reporting here denotes the acquisition price on the Form 4, not the market value of the shares. Such grants are common for directors and do not necessarily signal an immediate change in market sentiment.