Tolley David 4
Research Summary
AI-generated summary
DigitalBridge (DBRG) Director David Tolley Receives Restricted Shares
What Happened
David Tolley, a director of DigitalBridge Group, Inc. (DBRG), was granted 11,190 restricted Class A common shares on June 1, 2026. The shares were issued at $0.00 purchase price (reporting code A — award/grant) and the grant had a fixed value of $175,000. The restricted shares are scheduled to vest on June 1, 2027.
Key Details
- Transaction date: June 1, 2026; Form 4 filed June 3, 2026 (filed within the typical two-business-day window for Form 4s).
- Shares granted: 11,190 restricted Class A common shares; acquisition price reported as $0.00.
- Grant value: Fixed grant value of $175,000 (number of shares was set by dividing $175,000 by the closing NYSE price on the business day before the grant).
- Vesting: Scheduled to vest on June 1, 2027.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnote: Grant was made under the issuer’s non-executive compensation policy in connection with the reporting person’s re-election to the board.
Context
This was an award of restricted stock (not a buy or sale) tied to board service — such awards compensate and retain non-executive directors and do not necessarily indicate a change in the director’s view of the company. The award vests over time (one-year vest), and the grant value was fixed in dollars rather than a fixed share count.