Seligman Nicole 4
Research Summary
AI-generated summary
Intuitive Machines (LUNR) Director Nicole Seligman Receives RSU Award
What Happened
- Nicole Seligman, a director of Intuitive Machines, received an award of 5,948 restricted stock units (RSUs) on June 4, 2026. The Form 4 records the acquisition at $0.00 per unit (code A — award/grant), with a reported total value of $0 in the filing.
- The RSUs are a contingent right to one share of Class A common stock each; they vest in full on the earlier of the first anniversary of the grant or the date of the next annual meeting. Seligman elected to defer receipt of the underlying shares until her retirement from the Company’s Board.
Key Details
- Transaction date: 2026-06-04; Form 4 filed: 2026-06-08 (timely filing).
- Award: 5,948 RSUs; reported acquisition price: $0.00; total reported value: $0.
- Shares owned after transaction: not specified in this Form 4.
- Footnote: RSUs represent contingent rights to receive one share each, vesting as noted above; RSUs do not expire; reporting person elected deferral until retirement.
- Transaction code: A = Award/Grant.
Context
- RSU awards are compensation, not open-market purchases or sales, and do not immediately change public float until the underlying shares are delivered. Because Seligman deferred receipt until retirement, these RSUs will not convert to shares (and thus cannot be sold) until the deferral event occurs.
- This filing is informational regarding director compensation and should not be read as an immediate buy or sell signal.