PriceSmart (PSMT) EVP Francisco Velasco Receives Restricted Stock Award

What Happened

• Francisco Velasco, EVP (Chief Legal Officer) of PriceSmart, received a grant/award of 2,943 restricted shares on 2026-09-17. The shares were issued at $0.00 (no cash exchanged), so the immediate transaction value is $0. This is an award (not an open-market purchase or sale).

Key Details

• Transaction date and price: 2026-09-17, 2,943 shares @ $0.00 (code A = award/grant).
• Vesting: Per footnote, the 2,943 shares vest on October 26, 2031, subject to continued service through that date.
• Shares owned after transaction: Not specified in the Form 4 filing.
• Filing timeliness: Report filed 2026-09-21 for a 2026-09-17 transaction; appears to be filed within the standard two-business-day window.

Context

• This was a restricted stock award that vests in the future and cannot be sold until vesting conditions are met. Such grants are common as part of executive compensation and do not by themselves indicate a near‑term trading signal.