Kadenacy Stephen M 4
Research Summary
AI-generated summary
BRC Inc. (BRCC) Director Stephen Kadenacy Receives RSU Award
What Happened
- Stephen M. Kadenacy, a director of BRC Inc. (BRCC), was granted 80,645 restricted stock units (RSUs) on June 1, 2026. The grant is reported as an award/acquisition (code A) at $0.00 per unit (total reported value $0).
- These RSUs represent contingent rights to receive one share of Class A Common Stock per unit upon settlement; the award vests on the first anniversary of the grant date.
Key Details
- Transaction date: 2026-06-01; Form 4 filed: 2026-06-03.
- Grant price: $0.00 per RSU; total reported acquisition value: $0.
- Shares owned after transaction: not disclosed in this filing.
- Footnote: Awarded under the 2022 Omnibus Incentive Plan; each RSU converts to one share upon settlement for no consideration and vests one year from grant (see footnote F1).
- Filing timeliness: Form 4 was filed two days after the grant date (within the typical 2-business-day reporting window).
Context
- RSU grants are a form of compensation and do not represent an open-market purchase or sale; value is typically realized only if and when the units vest and are settled. This award is a routine director compensation action and should not be read as an immediate market-direction signal.