Sorensen Laura Anne 4

What Happened

• Laura Sorensen, Chief People Officer of First Watch Restaurant Group (FWRG), received a grant of 30,096 restricted stock units (RSUs) reported as an award on March 1, 2026. The reported acquisition price is $0.00 (standard for compensation awards); no cash was paid.

Key Details

• Transaction date: 2026-03-01; filing date (Form 4): 2026-03-03.
• Transaction code: A (award/grant).
• Shares/units granted: 30,096 RSUs; reported price: $0.00 per share (award).
• Shares owned after transaction: not specified in the filing.
• Footnote: These RSUs vest in three equal annual installments beginning March 1, 2027, subject to forfeiture or acceleration (per filing).
• Timeliness: Filing appears timely (filed two days after the grant, within the standard two-business-day reporting window).

Context

• RSU grants are a form of compensation and do not represent an open-market purchase or sale; they typically align executive pay with company performance and retention. Vesting schedule means the shares will transfer to Sorensen over time if vesting conditions are met, so this award alone does not indicate immediate insider buying or selling.