Passilla Michael 4

What Happened

• Michael Passilla, a director of Priority Technology Holdings, Inc. (PRTH), was granted 17,182 restricted stock units (RSUs) on February 5, 2026. The award is reported as a derivative grant (code A) with no cash price ($0.00) because RSUs are a contingent right to receive shares upon vesting.

Key Details

• Transaction date: February 5, 2026; Form 4 filed February 9, 2026 (timely within the 2-business-day window).
• Grant: 17,182 RSUs; reported acquisition price $0.00 (derivative award).
• Vesting schedule: 25% vest on April 1, 2026; 25% on July 1, 2026; 25% on October 1, 2026; 25% on January 1, 2027, subject to continued service as a director.
• Shares acquired by Posillipo Ventures, Inc., an LLC of which Passilla is a managing member (award made to that entity per footnote).
• Filing does not disclose total shares owned after the grant in this Form 4.

Context

• RSUs are a form of compensation: each unit converts to one share when vested (per filing footnote). This is an award tied to continued service rather than an open-market purchase or sale, so it reflects compensation/retention rather than an immediate trading signal.