Landis Melvin F III 4
Research Summary
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BRC Inc. (BRCC) Director Landis Melvin F. III Receives 80,645-Share Award
What Happened Landis Melvin F. III, a director of BRC Inc. (BRCC), was granted 80,645 restricted stock units (RSUs) on 2026-06-01. The Form 4 shows an acquisition (award) of 80,645 units at $0.00 (no cash paid). This is a compensation award rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-06-01; Form 4 filed: 2026-06-03 (appears timely).
- Transaction type/code: Award (A) — 80,645 RSUs acquired at $0.00.
- Footnote: RSUs vest on the first anniversary of the grant; each RSU entitles the holder to one share of Class A common stock upon settlement for no consideration (Footnote F1).
- Shares owned after the transaction: not specified in the provided filing.
- Filing accession: 0001628280-26-040554 (Form 4 reporting this award).
Context Restricted stock units are a form of equity compensation that convert to shares if vesting conditions are met; they do not represent an immediate purchase and typically do not signal direct insider buying or selling intent. Investors should note the one-year vesting before shares are issued and review future Form 4s for settlement, withholding, or sales that may follow.