Jones John Daniel 4

What Happened
John D. Jones, Chief Operations Officer of First Watch Restaurant Group (FWRG), was granted 30,096 restricted stock units (RSUs) on March 1, 2026. The Form 4 reports an acquisition at $0.00 because this grant is a compensation award (transaction code A), not an open-market purchase. No immediate cash value is reported in the filing — the reported dollar amount is $0 because the award vests later.

Key Details

• Transaction date: 2026-03-01 (Form 4 filed 2026-03-03; appears to be filed timely)
• Security/amount: 30,096 restricted stock units (RSUs) acquired; reported price $0.00 (award)
• Vesting: RSUs vest in three equal annual installments beginning March 1, 2027 (per footnote)
• Shares owned after transaction: not disclosed in the provided summary of the filing
• Transaction code: A = Award/Grant; subject to forfeiture or acceleration as noted in footnote

Context
Restricted stock units are a form of equity compensation that convert to shares upon vesting. Because these RSUs vest over future dates, they are not current purchases or sales and do not represent an immediate market buy or sell. Such grants are typical executive compensation and should be viewed as part of pay, not a direct insider market signal.