Byrne Barbara Peterson 4
Research Summary
AI-generated summary
Spok (SPOK) Director Barbara Byrne Receives Stock Award
What Happened
- Barbara Peterson Byrne, a director of Spok Holdings, received an award of 2,294 deferred stock units on 2026-04-01. The grant is recorded at $10.90 per unit for a total value of $25,005. A second derivative entry shows 0 units (no cash value).
- This was an award/grant (transaction code A), not an open-market purchase or sale. Awards are routine compensation for directors and do not necessarily signal buying or selling sentiment.
Key Details
- Transaction date: 2026-04-01; price per unit reported: $10.90; total reported value: $25,005.
- Shares owned after the transaction: not disclosed in the filing.
- Footnote F1: Each deferred stock unit (DSU) represents the right to receive one share of Spok common stock.
- Footnote F2: The DSUs are fully vested and will be settled in shares upon the reporting person's separation from service or as otherwise provided by the company’s Deferred Compensation Plan for Non-Employee Directors.
- Filing timeliness: No late filing flag indicated in the provided record.
Context
- These are deferred stock units (a type of equity award); they are not immediately tradable shares. According to the filing, they will convert to actual shares when Byrne leaves the company (or under plan terms).
- Awards to non-employee directors are common as part of compensation and are different from outright purchases or sales by insiders. They reflect compensation expense rather than an independent market bet.