Main Clayton James 4
4 · Priority Technology Holdings, Inc. · Filed Apr 3, 2026
Research Summary
AI-generated summary of this filing
Priority Technology (PRTH) Director Main Clayton James Converts 4,296 RSUs
What Happened
Main Clayton James, a director of Priority Technology Holdings, reported the conversion/exercise of 4,296 restricted stock units (RSUs) into common shares on April 1, 2026. The filing shows an acquisition/conversion of 4,296 shares (code M) and a corresponding disposition of 4,296 shares reported at $0.00, with no cash proceeds disclosed on the Form 4.
Key Details
- Transaction date: April 1, 2026; Form 4 filed April 3, 2026 (timely filing).
- Reported transactions: Exercise/conversion of derivative (code M) — 4,296 shares acquired; a matching 4,296-share disposition reported at $0.00.
- Price / value: Acquisition reported as N/A; disposition price reported as $0.00 (no cash proceeds shown).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnotes: F1 clarifies each RSU equals a contingent right to one share. F2 notes these 4,296 shares are the 25% tranche from a 17,182-RSU grant made Feb 5, 2026 (vesting schedule: 25% on Apr 1, Jul 1, Oct 1, Jan 1, 2027, subject to continued service).
Context
Code M on a Form 4 indicates exercise or conversion of a derivative; here it reflects RSUs vesting and converting to common stock. The disposition reported at $0.00 does not show cash proceeds; filings like this frequently reflect shares withheld or net-settled to satisfy tax withholding, though the Form 4 excerpt does not state the reason. This activity is a routine vesting/settlement of awards rather than an open-market buy or sale.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-04-01+4,296→ 12,971 total - Exercise/Conversion
Restricted Stock Unit
[F1][F2]2026-04-01−4,296→ 12,886 total→ Common Stock (4,296 underlying)
Footnotes (2)
- [F1]Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
- [F2]On February 5, 2026, the Reporting Person was granted 17,182 restricted stock units which vest 25% on April 1, 2026, 25% on July 1, 2026, 25% on October 1, 2026, and 25% on January 1, 2027 subject to the Reporting Person's continued service as a director of the Issuer.