Rasheed Shaka 4
Research Summary
AI-generated summary
DigitalBridge (DBRG) Director Rasheed Shaka Receives 36 Deferred Shares
What Happened
- Rasheed Shaka, a director of DigitalBridge Group, Inc. (DBRG), had an other acquisition (Form 4 code J) of 36 deferred shares on April 15, 2026. The transaction is recorded at $15.58 per share for a total notional value of $561. This was an award/adjustment of deferred stock tied to dividend equivalents, not an open-market purchase.
Key Details
- Transaction date and price: April 15, 2026 — 36 shares at $15.58 each (total $561).
- Transaction type/code: Other acquisition or disposition (J); derivative — deferred stock units.
- Vesting note: 10 of the Deferred Stock are scheduled to vest on May 30, 2026 (Footnote F1).
- Payment terms: Deferred Stock has no expiration and will be paid one-for-one in Class A common stock after the reporting person’s separation from service (Footnote F2).
- Shares owned after transaction: Not reported in the provided filing.
- Filing timeliness: Reported on Form 4 filed April 16, 2026 for a transaction on April 15, 2026 (appears timely).
Context
- This transaction reflects a grant/adjustment of deferred stock units tied to dividend equivalents under the company’s director compensation plan. Deferred stock units are a form of derivative/award and are payable in shares later; they are not an immediate cash purchase or sale of market-listed shares. Such awards are routine compensation adjustments and should be interpreted as compensation-related, not direct market trading by the insider.