Reece Joseph E 4
Research Summary
AI-generated summary
Compass Minerals (CMP) Director Reece Exercises Units, Receives RSUs
What Happened
Reece Joseph E, a director of Compass Minerals International (CMP), on 2026-03-05 converted/exercised 22,322 derivative units (transaction code M) that were recorded as both acquired and disposed the same day, and received a grant of 9,434 restricted/deferred stock units (transaction code A). All transactions show a $0.00 per-share price and $0 total value on the Form 4.
Key Details
- Transaction date: 2026-03-05; Form 4 filed 2026-03-09 (timely filing).
- Derivative exercise/conversion (M): 22,322 shares acquired @ $0.00 and 22,322 shares disposed @ $0.00 (same-day disposition).
- Grant/award (A): 9,434 shares (deferred/restricted) granted @ $0.00.
- Shares owned after transaction: not reported on this filing.
- Footnotes: F1 = deferred stock units granted for director service; F2 = annual RSU grant that vests by the earlier of ~1 year or just before next annual meeting (per filing).
- No cash purchase or sale value reported — these were conversions/grants rather than market buys or cash proceeds.
Context
Transaction code M denotes an exercise or conversion of a derivative; because the 22,322 shares were acquired and disposed on the same date, the position was not held long-term (commonly a cashless exercise or immediate disposition, though the filing doesn't state the reason). The 9,434 shares are deferred/restricted units that will vest per the footnote schedule and do not indicate an immediate open‑market purchase or sale.