Caulfield Thomas 4
Research Summary
AI-generated summary
GLOBALFOUNDRIES Director Thomas Caulfield Receives RSU Award
What Happened
- Thomas Caulfield, a director of GLOBALFOUNDRIES (GFS), was granted 146,199 restricted stock units (RSUs) on May 1, 2026. The reported acquisition price is $0.00, so no cash was paid at grant. Each RSU is a contingent right to receive one ordinary share upon settlement.
Key Details
- Transaction date: May 1, 2026 (Form 4 filed May 5, 2026).
- Transaction type: Award/Grant (code A).
- Amount: 146,199 RSUs granted; reported acquisition price $0.00 (total reported cost $0).
- Vesting: Footnotes indicate vesting conditions — the May 1, 2026 award vests on December 31, 2027 (Footnote F1). Filing also references RSUs of which 42,057 vest on February 27, 2027 and 146,199 vest on December 31, 2027, all subject to continued service through each vesting date (Footnote F2).
- Shares owned after transaction: Not specified in the disclosed transaction.
- Filing timeliness: Form 4 was filed May 5, 2026 reporting the May 1 transaction; no late-filing flag was indicated.
Context
- RSUs are compensation awards that convert to actual shares only if and when vesting conditions are met; they are not an immediate open-market purchase or sale. Such grants are common for directors and typically reflect compensation rather than a direct market sentiment signal.