Lussier Charles 4
Research Summary
AI-generated summary
Warrior Met Coal (HCC) CCO Charles Lussier Receives 2,225 RSUs
What Happened
- Charles Lussier, Chief Commercial Officer of Warrior Met Coal, was granted 2,225 restricted stock units (RSUs) on February 9, 2026. The Form 4 reports an acquisition at $0.00 per share because these are award-based derivative securities (RSUs), not a cash purchase. RSUs convert to common shares only upon vesting.
Key Details
- Transaction date: February 9, 2026; Form 4 filed February 11, 2026 (appears timely).
- Amount: 2,225 RSUs; reported price $0.00 (derivative award).
- Shares owned after transaction: Not disclosed in the filing excerpt.
- Footnotes:
- F1–F3 state these RSUs were granted under the Warrior Met Coal, Inc. 2017 Equity Incentive Plan and generally vest in equal installments on each of the first three anniversaries of their respective grant dates (Feb 8, 2024; Feb 10, 2025; and Feb 9, 2026).
- Filing status: No indication of a late filing in the document provided.
Context
- RSUs are deferred-compensation awards that become actual shares only as they vest; the grant itself is not a market purchase or sale and does not necessarily signal immediate insider trading intent.
- Because the RSUs were awarded (code A), there was no cash exchanged at grant; the economic value will depend on the company’s share price at each vesting date.