CASHMAN KRISTINA K 4
Research Summary
AI-generated summary
Black Rock Coffee Bar (BRCB) Director Kristina Cashman Receives RSU Award
What Happened
- Kristina K. Cashman, a director of Black Rock Coffee Bar, Inc. (BRCB), received an award of 10,739 restricted stock units (RSUs) on 2026-05-27. The Form 4 records the acquisition as 10,739 shares at $0.00 (award/grant), reflecting a contingent grant rather than an open‑market purchase or sale.
Key Details
- Transaction date: 2026-05-27; Form 4 filed: 2026-05-28 (next-day filing).
- Transaction type: A = Award/Grant of RSUs; reported acquisition amount: 10,739 RSUs @ $0.00.
- Vesting: RSUs vest in full on the earlier of (x) May 27, 2027 or (y) the date of the issuer’s 2027 annual shareholder meeting (per filing footnote).
- Shares owned after transaction: Not specified in the provided filing details.
- Filing timeliness: No late filing indicated (filed the day after the grant).
Context
- RSUs are a contingent right to receive one share of Class A common stock per unit upon vesting; they are not immediate cash or share purchases and only convert to shares if/when vesting conditions are met.
- This grant is compensation/equity incentive for a director rather than a market buy/sell; such awards are common for executive/director compensation and do not by themselves signal intent to buy or sell shares.