Markell Jack A. 4
Research Summary
AI-generated summary
Rush Street Interactive (RSI) Director Jack A. Markell Receives RSU Award
What Happened
Jack A. Markell, a director of Rush Street Interactive, was granted 7,968 restricted stock units (RSUs) on March 14, 2026. The grant is reported at $0.00 per share (transaction code A — award/grant), meaning no cash was paid; the RSUs represent a future right to receive common shares if vesting conditions are met.
Key Details
- Transaction date: March 14, 2026; Form 4 filed March 17, 2026 (appears timely — within required business-day filing window).
- Grant: 7,968 RSUs; reported price $0.00; total cash consideration reported $0.
- Vesting: RSUs vest as of the issuer’s next annual meeting of stockholders to be held in calendar year 2027 (per footnote).
- Plan: Award made under the Rush Street Interactive, Inc. 2020 Omnibus Equity Incentive Plan, as amended.
- Shares owned after the transaction: not specified in the information provided.
- Transaction code: A = Award/Grant. No 10b5‑1 plan, tax‑withholding sale, or immediate sale reported.
Context
RSU grants to directors are a common form of compensation and do not represent an open‑market purchase or sale. They typically vest over time or upon a specified event and only convert into actual shares if vesting conditions are met. This award should be viewed as a compensation action rather than a direct endorsement to buy or sell the company’s stock.