Madnani Sean V 4

What Happened Sean V. Madnani, a director of Barnes & Noble Education, was granted 23,867 restricted stock units (RSUs) on March 11, 2026. The grant is recorded at $0.00 per share (transaction code A), reflecting an award rather than an open‑market purchase or sale. The filing was submitted on March 13, 2026.

Key Details

• Transaction date: 2026-03-11 (Form 4 filed 2026-03-13).
• Award: 23,867 RSUs; reported price $0.00 (typical for equity awards).
• Shares owned after transaction: not specified in the provided filing.
• Footnote: Each RSU represents the contingent right to one share; RSUs vest on the earlier of one year from grant or the issuer’s next annual meeting. The reporting person elected to defer settlement and receipt of the shares until a date specified in the deferral election.
• Timeliness: Filing appears timely (filed within two business days of the transaction).

Context RSU grants are compensation awards that convert to shares upon vesting/settlement; because Madnani elected to defer settlement, he will not receive the underlying shares immediately. Awards are common for board members and are not the same signal as an open‑market purchase or sale.