Chartier Kirk 4

What Happened

• Director Kirk Chartier received two derivative equity awards: 2,038 units granted on 2026-07-01 and 556 units credited on 2026-06-30. No cash was paid (price reported as N/A). These are grants/acquisitions of derivative securities (not open-market purchases or sales).
• According to the filing footnotes, the awards include restricted stock units (RSUs) — each RSU is a contingent right to one share — with vesting schedules noted in the filing, and phantom stock units that were credited as a deferral of his cash board compensation.

Key Details

• Transaction dates: 2026-06-30 (556 units) and 2026-07-01 (2,038 units). Prices: N/A (derivative awards/compensation). Transaction type code: A (award/grant/acquisition).
• Footnotes: RSUs represent contingent rights to one share; vesting dates in the filing include December 30, 2026 and July 1, 2027. Phantom stock represents a right to one share payable when the director leaves the board. The phantom units were acquired upon deferral of cash compensation for the quarter ended June 30, 2026 under the company’s Non-Employee Director Equity & Deferred Compensation Plan.
• Shares owned after the transaction: not specified in the information provided in this summary.
• Filing timeliness: Form 4 filed 2026-07-02; no late filing flagged in the report.

Context

• These are compensation-related awards and deferred-compensation credits (RSUs and phantom stock). RSUs convert to actual shares only if vesting conditions are met (continued service); phantom stock pays out upon termination of board service, so these do not represent immediate share ownership or open-market buying interest.
• For retail investors, such awards are routine director compensation and do not by themselves signal an analyst-level change in insider sentiment.