Essex Andrew 4

What Happened Andrew Essex, a director of Finance of America Companies, had 4,570 restricted stock units (RSUs vest) on May 15, 2026 that converted into 4,570 shares of Class A common stock (reported as an exercise/conversion). The filing also reports 4,570 shares disposed on the same date at $0.00 (derivative disposition). On May 18, 2026 Essex was granted an additional 5,094 RSUs (reported as an award/grant) with $0 cash consideration reported.

These transactions are RSU-related (not open‑market buys or discretionary sales). The May 15 conversion reflects vesting; the matching $0.00 disposition likely reflects net settlement or withholding treatment per the issuer’s RSU settlement policies (see footnotes).

Key Details

• Transaction dates: May 15, 2026 (RSU vest/conversion and reported disposition) and May 18, 2026 (new RSU grant).
• Reported amounts/prices: 4,570 shares converted; 4,570 shares disposed at $0.00; 5,094 shares granted at $0.00.
• Transaction codes: M = exercise/conversion of derivative (RSU vesting); A = grant/award.
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Filing date/timeliness: Form 4 filed May 19, 2026; filing appears timely for the reported dates.
• Footnotes of note:
  • F1–F3: These relate to RSUs that converted to common stock on a one‑for‑one basis and confirm the May 15, 2026 vesting.
  • F2: RSUs may be settled in stock or cash (or a combination) at the issuer’s discretion.
  • F4: The May 18, 2026 RSU grant vests the earlier of May 18, 2027 or the next annual meeting.

Context

• These entries reflect equity compensation (RSU vesting and a new RSU grant), not an open‑market purchase or sale by the director.
• The reported $0.00 disposition of vested shares is consistent with company settlement/withholding practices for RSUs (i.e., shares surrendered or net‑settled), as noted in the footnotes; it does not show sale proceeds or a traditional market sale.