Barnes & Noble Education Director Sean Madnani Receives 17,653 RSUs

What Happened

• Sean V. Madnani, a director of Barnes & Noble Education, was granted 17,653 restricted stock units (RSUs) on 2026-09-25. The grant is listed at $0.00 per unit (total reported value $0) and is reported as an award (transaction code A).
• Each RSU represents the contingent right to receive one share of BNED common stock when settled. The RSUs vest on the earlier of one year from the grant date or the issuer’s next annual meeting of stockholders. The reporting person elected to defer settlement and receipt of the shares to a date specified in a deferral election.

Key Details

• Transaction date: 2026-09-25; Filing date: 2026-09-29 (filed four days after the transaction; may be later than the SEC’s typical 2-business-day Form 4 deadline).
• Grant amount: 17,653 RSUs; reported grant price: $0.00; reported monetary value: $0.
• Shares owned after transaction: not specified in the provided filing details.
• Footnote: RSUs vest earlier of one year or next annual meeting; settlement deferred per the director’s deferral election.
• Transaction code: A = Award/Grant.

Context

• RSU grants are compensation, not an open-market purchase or sale; they do not require upfront cash and only convert to stock (and potential economic value) upon vesting and settlement.
• Deferred settlement is a common executive/director compensation practice for tax or planning reasons and does not by itself signal a buy or sell decision.