4Filed Sep 10, 8:00 PM ET
Real REMAX (REAX) Director Norman K. Jenkins Receives RSU Award
$REAX · Real REMAX Group Inc.Research Summary
AI-generated summary of this SEC filing
Real REMAX (REAX) Director Norman K. Jenkins Receives RSU Award
What Happened
- Norman K. Jenkins, a director of Real REMAX Group Inc. (REAX), received a grant of 4,914 Restricted Stock Units (RSUs) on 2026-09-09. The grant is reported as a derivative award at $0.00 per RSU (no cash paid at grant). These RSUs represent contingent rights to receive one share of common stock each upon vesting.
Key Details
- Transaction date: 2026-09-09; Form 4 filed: 2026-09-11 (timely filing).
- Transaction type/code: Award/Grant (A), derivative instrument (RSUs).
- Quantity and price: 4,914 RSUs @ $0.00 (no immediate cash value shown).
- Vesting: Per footnote, each RSU converts to one share and the RSUs vest on May 29, 2027.
- Shares owned after transaction: Not specified in the filing.
- Footnotes: F1 = each RSU equals a contingent right to one share; F2 = vesting date May 29, 2027.
Context
- RSUs are a form of equity compensation that convert into actual shares only upon vesting; they do not represent immediate share ownership or a market purchase/sale. Grants to directors are common as long-term incentive compensation and should not be read as an immediate bullish or bearish trade signal. Tax consequences typically occur at vesting or delivery, not at grant.