DENMAN KENNETH D 4
Research Summary
AI-generated summary
Quantinuum (QNT) Director Kenneth Denman Buys 14,000 Shares, Receives RSU Award
What Happened
- Kenneth D. Denman, a director of Quantinuum Inc. (QNT), made two reported transactions: an open-market purchase of 14,000 shares on 2026-06-05 at $60.00 per share ($840,000 total), and an award of 5,833 restricted stock units (RSUs) on 2026-06-04 valued at $0 at grant (contingent right to receive shares).
Key Details
- Purchase: 14,000 shares on 2026-06-05 at $60.00/share = $840,000 total (transaction code P).
- Award: 5,833 RSUs on 2026-06-04 (transaction code A); grant value shown as $0 since RSUs are contingent rights to shares.
- RSU vesting: RSUs vest in three equal annual installments beginning June 5, 2027 (per footnote).
- Shares owned after transaction: Not specified in the provided filing summary.
- Filing timeliness: Report filed 2026-06-08 for transactions on 2026-06-04–06-05. This filing date is within two business days of the June 4/5 transactions and is treated as timely.
Context
- RSUs are contingent awards that convert to shares only as they vest; the grant does not equal immediate share ownership or sale.
- Open-market purchases are often watched by investors as a more direct signal of insider buying than awards, but filings are factual records and do not confirm motivation.
- Denman is listed as a director (not indicated as a 10% owner or officer in the provided data).