Masiello Wendy Motlong 4
Research Summary
AI-generated summary
StandardAero (SARO) Director Wendy M. Motlong Converts 6,011 RSUs
What Happened
- Wendy Masiello Motlong, a director of StandardAero, converted 6,011 restricted stock units (RSUs) into 6,011 shares on June 12, 2026 (Form 4 filed June 15, 2026). The filing records an acquisition of 6,011 shares via conversion (transaction code M) and a simultaneous disposition of 6,011 shares at $0.00 (no cash value reported).
- This was not an open-market purchase or sale for cash — it reflects conversion/vesting of RSUs rather than a market trade. The reported $0 disposition is commonly used when shares are withheld to satisfy tax obligations; the filing itself does not explicitly state the reason.
Key Details
- Transaction date: 2026-06-12; Form 4 filed: 2026-06-15 (timely within the SEC’s two-business-day requirement).
- Acquired: 6,011 shares via conversion of RSUs (transaction code M). Disposed: 6,011 shares at $0.00 (derivative disposition).
- Post-transaction share ownership: Not disclosed in the excerpt provided.
- Footnotes: F1—each RSU converts to one share of common stock; F2—RSUs vest on the earlier of the day before the next annual meeting or the first anniversary of the grant date.
- Remarks: Filing includes Exhibit 24.1 (Power of Attorney).
Context
- Transaction code M indicates exercise or conversion of a derivative (here, RSUs). Conversions of RSUs into shares are routine compensation events and do not necessarily indicate buying or selling sentiment.
- The equal disposal at $0 is often how filings record shares retained/withheld for tax withholding upon vesting; because the Form 4 excerpt doesn’t give further detail, treat that as a common administrative outcome rather than a market sale.
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