Nigro Joseph 4
Research Summary
AI-generated summary
Eos Energy (EOSE) Director Joseph Nigro Receives RSU Award
What Happened
Joseph Nigro, a director of Eos Energy Enterprises, was granted 24,289 restricted stock units (RSUs) on 2026-06-05. The Form 4 reports the grant as a derivative award at $0.00 (no cash exchanged at grant). This is an award grant (code A), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-06-05; Form 4 filed 2026-06-09 (covers the 6/5 grant).
- Amount: 24,289 RSUs; reported acquisition price: $0.00 (award/derivative).
- Shares owned after transaction: Not specified in the provided filing.
- Footnotes:
- F1: Each RSU represents a contingent right to one share of common stock.
- F2: RSUs settle in cash or common stock and vest on the earlier of (i) the first anniversary of the grant or (ii) immediately prior to the next annual shareholders meeting.
- F3: Not applicable.
- Transaction type: Award/grant of RSUs (derivative), code A.
Context
RSU grants to directors are a common form of compensation and do not require immediate cash outlay; they only convert to stock or cash upon vesting. Because this is an award rather than a purchase or sale, it should not be read as a direct market buy/sell signal. The filing does not indicate additional trading plans or tax-withholding actions.