Bridger Aerospace (BAER) SVP Rebecca Gerleman Receives RSU Award

What Happened
Rebecca Gerleman, Senior Vice President and Chief Accounting Officer of Bridger Aerospace Group Holdings, received a grant of 115,000 restricted stock units (RSUs) on September 18, 2026. The award was reported as an acquisition (code A) at $0.00 per unit (reflecting a grant of contingent equity, not a cash purchase). These RSUs represent the right to receive one share of common stock per RSU if and when they vest.

Key Details

• Transaction date: 2026-09-18; Form 4 filed: 2026-09-21. (No late‑filing flag reported in the filing.)
• Award: 115,000 RSUs granted; reported acquisition price $0.00 (grant).
• Vesting: RSUs vest in three equal annual installments on 9/18/2027, 9/18/2028 and 9/18/2029, subject to continued service.
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Transaction type: Equity award (compensation), not an open‑market purchase or sale.

Context
RSUs are a form of deferred compensation; they do not confer immediate share ownership or proceeds. If Gerleman remains employed through each vesting date, each vested RSU converts into one share of Bridger common stock (which would have a market value at that future time). Such grants are common as alignment/retention compensation for executives and do not by themselves indicate a buy or sell signal.