Rasheed Shaka 4
Research Summary
AI-generated summary
DigitalBridge (DBRG) Director Rasheed Shaka Receives Stock Award
What Happened
Rasheed Shaka, a director of DigitalBridge Group, Inc. (DBRG), was granted 11,190 deferred stock units on June 1, 2026 as part of his non‑executive director compensation. The grant represents a fixed award value of $175,000 (implied price ≈ $15.64/unit based on the grant calculation); the Form 4 lists the acquisition price as N/A because these are derivative deferred units rather than open‑market shares.
Key Details
- Transaction date: June 1, 2026; Form 4 filed June 3, 2026 (timely filing).
- Grant type: Deferred Stock Units (derivative award under the non‑executive director compensation policy).
- Amount: 11,190 units, fixed grant value $175,000.
- Vesting / payment: Scheduled to vest on June 1, 2027; payable one‑for‑one in the issuer’s Class A common stock after the reporting person’s separation from service.
- Expiration: Deferred Stock has no expiration date.
- Shares owned after transaction: Not specified in this filing.
- Filing notes: No 10b5‑1 plan or tax‑withholding sale reported; transaction is an award (code A).
Context
This is a compensation grant to a newly elected director, not an open‑market buy or sale. Deferred stock units are common for director pay and do not represent immediately transferable common shares — they convert to common stock after vesting and separation as described in the footnotes. Such awards signal standard compensation practices rather than a direct insider market view.