Alvarez Ralph 4
4 · First Watch Restaurant Group, Inc. · Filed May 22, 2026
Research Summary
AI-generated summary of this filing
First Watch (FWRG) Director Ralph Alvarez Receives RSU Award
What Happened
Ralph Alvarez, a director of First Watch Restaurant Group, Inc. (FWRG), received a grant of 17,636 restricted stock units (RSUs) on May 21, 2026. The grant price is shown as $0.00 (code A — award/acquisition). Each RSU represents a contingent right to one share of common stock and the RSUs vest on May 21, 2027, subject to Alvarez’s continued service through the vesting date. This is a compensation award, not an open-market purchase or sale.
Key Details
- Transaction date: 2026-05-21; reported on Form 4 filed 2026-05-22 (timely filing).
- Instrument: 17,636 RSUs; reported acquisition price: $0.00 (award).
- Vesting: RSUs vest on May 21, 2027, subject to continuous service (per footnote).
- Shares owned after transaction: not specified in the provided filing.
- Transaction code: A = Award/Grant.
Context
RSUs are a deferred equity award: they do not convert into actual shares until vesting (and may be subject to tax withholding at vesting). Awards are common for directors and employees as compensation and do not by themselves indicate immediate buying or selling sentiment.
Insider Transaction Report
- Award
Common Stock
[F1]2026-05-21+17,636→ 440,471 total
Footnotes (1)
- [F1]Represents the grant by the Issuer of restricted stock units ("RSUs") to the Reporting Person, which vest on May 21, 2027, subject to Reporting Person's continuous service through the vesting date. Each RSU represents a contingent right to receive one share of the Issuer's common stock.