Hartman Eric Richard 4

What Happened
Eric Richard Hartman, Chief Development Officer of First Watch Restaurant Group, was granted 30,096 restricted stock units (RSUs) on March 1, 2026. The Form 4 lists the acquisition amount as $0 (award/grant code A), which reflects a compensation grant rather than a market purchase. These RSUs do not represent immediately tradable shares until they vest.

Key Details

• Transaction date: 2026-03-01; filing date: 2026-03-03 (filed within the standard two-business-day window).
• Transaction type/code: Award/Grant (A).
• Shares/units granted: 30,096 RSUs; price reported: $0; total consideration reported: $0.
• Vesting: Per footnote F1, the RSUs vest in three equal annual installments beginning March 1, 2027, subject to earlier forfeiture or acceleration.
• Shares owned after transaction: Not specified in this Form 4 filing.
• No 10b5-1 plan, tax-withholding sale, or sale/transfer noted in this filing.

Context
RSUs are a form of equity compensation that convert into shares only as they vest; they’re typically used to retain and incentivize employees and do not by themselves indicate a buying or selling signal. Because these units vest over time and may be forfeited under certain conditions, they represent future potential ownership rather than immediate market activity.