Purcell Michael J. 4
Research Summary
AI-generated summary
IMXI Director Michael Purcell Receives Restricted Stock Award
What Happened Michael J. Purcell, a director of International Money Express, Inc. (IMXI), was granted 10,862 restricted stock units (RSUs) on July 16, 2026. The grant is reported at a per-share value of $13.81, for a total reported value of $150,004. This was an equity award (compensation), not an open-market purchase or sale.
Key Details
- Transaction date and value: 2026-07-16 — 10,862 RSUs @ $13.81 each; total $150,004.
- Shares owned after transaction: Not specified in the provided filing.
- Vesting/conditions: The RSUs vest on the one-year anniversary of the grant date or, if earlier, the day immediately prior to the Company's next annual meeting in the calendar year following the grant, and are subject to continued service as a director (per footnote).
- Filing timeliness: Form 4 filed July 20, 2026. For a July 16 transaction, this filing date is within the typical 2 business‑day Form 4 reporting window.
Context RSUs are a common form of director compensation; they do not transfer actual shares until vested and therefore are not an immediate purchase signal. Once vested, the units typically convert to shares and may trigger tax-withholding or subsequent reporting events. This filing reports a routine director award rather than a market transaction by the insider.