Wainwright Simon 4
Research Summary
AI-generated summary
Accelerant (ARX) Director Simon Wainwright Receives RSU Award
What Happened
Simon Wainwright, a non-employee director of Accelerant Holdings (ARX), was granted 23,316 restricted stock units (RSUs) on May 13, 2026 (Form 4 filed May 15, 2026). The RSUs were awarded at a $0.00 purchase price (no cash exchanged). Each RSU is a contingent right to receive one Class A common share upon settlement; this is a compensation award rather than an open-market purchase or sale.
Key Details
- Transaction date and type: 2026-05-13 — Award/Grant (Code A), 23,316 RSUs @ $0.00.
- Vesting: See footnote — 11,658 RSUs awarded as a one-time appointment award vesting in equal 1/3 increments on each of the three anniversaries after the grant; 11,658 RSUs awarded as an annual award vesting on the one-year anniversary. (Each RSU converts to one Class A share upon settlement.)
- Shares owned after transaction: Not specified in the supplied filing details.
- Filing timeliness: Form 4 filed 2026-05-15 for a 2026-05-13 grant (appears timely under the Form 4 two-business-day rule).
- Footnote reference: F1 describes the RSU grant and vesting schedule; no tax-withholding or 10b5-1 plan noted.
Context
RSU grants to non-employee directors are common as compensation and are subject to vesting and settlement conditions; they do not represent immediate, tradable share ownership until vested/settled. Because this is a compensation award (not a market buy/sell), it should be viewed as standard director pay rather than a direct signal of the director’s market view.