SAVAGE ROBERT F JR 4
Research Summary
AI-generated summary
Bridger Aerospace (BAER) Director Robert F. Savage Jr. Receives RSU Award
What Happened
Robert F. Savage Jr., a director of Bridger Aerospace Group Holdings, was granted 45,156 Restricted Stock Units (RSUs) on June 4, 2026. The award was reported as an acquisition at $0.00 per share (no cash paid). The RSUs represent a contingent right to receive one share of common stock upon vesting.
Key Details
- Transaction date / filing: Grant date 2026-06-04; Form 4 filed 2026-06-08 (filed timely under Section 16 rules).
- Grant amount and value: 45,156 RSUs; acquisition price reported $0.00.
- Vesting: Footnote indicates these RSUs vest on the 12‑month anniversary of June 4, 2026 (i.e., around June 4, 2027), subject to continued service.
- Earnout provisions: Filing notes that 42,498 of the shares are tied to stock-price "earnout" triggers (50% vest if VWAP > $11.50 for 20 of 30 trading days; remaining 50% vest if VWAP > $13.00 for 20 of 30 trading days). Any unvested earnout shares expire at the end of the earnout period. The filing also references 212,490 Earnout Shares in the reporting person's holdings.
- Shares owned after transaction: Not specified in the transaction line of the filing.
- Ownership/authority notes: The filing includes disclaimers that Mr. Savage shares authority over certain trust/entity holdings (Madeleine Savage 2021 Trust, Sophie Savage 2021 Trust, 656 Investors LLC) and disclaims beneficial ownership of those trust/entity shares except to the extent of any pecuniary interest.
Context
This was a compensation award (RSUs), not a purchase or sale — such grants are common as part of executive/director pay and do not by themselves indicate a personal cash investment or sale. The earnout-style vesting means a substantial portion of potential shares will only vest if the stock price meets specified thresholds within the earnout period.