Miles Shawn Spain 4
Research Summary
AI-generated summary
Star Equity (STRR) EVP Miles Spain Receives RSU Award
What Happened
- Miles Shawn Spain, Executive Vice President of Star Equity Holdings (STRR), received a grant of 4,537 restricted stock units (RSUs) on March 25, 2026 (recorded at $0.00 per share).
- To satisfy statutory tax withholding on RSU vesting, 95 shares were withheld/disposed at $9.71 per share resulting in $922 withheld. No shares were sold on the open market.
Key Details
- Transaction date: March 25, 2026; filing date: March 27, 2026 (appears timely).
- Grant: 4,537 RSUs, acquisition code A, $0.00 per share.
- Tax withholding: 95 shares withheld, code F, $9.71 per share, total reported $922.
- Vesting (per footnote): RSUs vest time-based — 33% on the 1st anniversary (1,497 RSUs), 33% on the 2nd (1,497 RSUs), and 34% on the 3rd (1,543 RSUs).
- Shares owned after transaction (per filing): the reporting person holds 1,684 common shares and 6,215 previously granted RSUs; adding the new 4,537 RSUs yields 10,752 RSUs outstanding to the reporting person, all subject to vesting.
- Footnotes: F2 clarifies shares were withheld to meet tax withholding requirements (no sales). F1/F3 describe vesting and prior grants.
Context
- RSUs are compensation awards that convert to shares only when they vest; withholding shares for taxes is routine and not an open-market sale.
- This filing reports a compensation award (not a purchase) and a tax-withholding disposition; such grants are common for executives and do not by themselves indicate buying or selling intent.