Braithwaite Kenneth John 4

What Happened

• Kenneth Braithwaite, a director of Merlin, Inc. (MRLN), received an award of 37,500 restricted stock units (RSUs) reported on Form 4 for a transaction dated 2026-05-20 and filed 2026-05-22. No cash price is reported (transaction code A — award/grant). The grant totals 37,500 contingent shares; no immediate sale or purchase occurred.

Key Details

• Transaction date: 2026-05-20; Form 4 filed: 2026-05-22 (timely filing).
• Award size: 37,500 RSUs total (no per-share price; value depends on future share price).
• Vesting (per footnote):
  • 20,000 RSUs vest in four equal installments every six months beginning September 16, 2026.
  • 17,500 RSUs vest in full on the earlier of March 16, 2027 or one day prior to the issuer’s 2027 annual meeting.
  • RSUs do not expire; each RSU represents a contingent right to one share of common stock.
• Shares owned after the transaction: not specified in the provided filing details.
• Filing appears timely (filed within the Form 4 two-business-day window).

Context

• RSU awards are compensation/retention grants and do not represent an immediate market purchase or sale; shares will only be issued upon vesting and any tax-withholding or sale-on-vesting would be reported separately (codes like F may apply if withholding occurs).
• This award signals company compensation activity for a director rather than an open-market purchase; retail investors should view it as a retention/compensation item rather than a direct insider buy signal.