Lovier Heather M. 4
4 · Rocket Companies, Inc. · Filed Mar 10, 2026
Research Summary
AI-generated summary of this filing
Rocket (RKT) COO Heather Lovier Receives RSU Award; Shares For Tax
What Happened
Heather M. Lovier, Chief Operating Officer of Rocket Companies, was granted 250,836 restricted stock units (RSUs) on March 7, 2026 (reported on Form 4 filed March 10, 2026). The grant is reported as an award (code A) with an acquisition price of $0.00. On the same date 43,179 shares were disposed (code F) at $14.95 per share — these shares were forfeited to satisfy tax withholding obligations, with a reported withholding value of $645,526.
Key Details
- Transaction date(s): March 7, 2026 (report filed March 10, 2026).
- Grant: 250,836 RSUs (reported at $0.00). RSUs represent the right to receive one share per vested RSU.
- Tax withholding: 43,179 shares forfeited at $14.95/share = $645,526 (to satisfy tax withholding).
- Vesting terms (footnote): RSUs vest in six equal semi-annual installments over three years (March 7 & September 7), beginning September 7, 2026, subject to continued employment.
- Shares owned after the transaction: not specified in the filing.
- Filing exhibits: Exhibit 24.1 Power of Attorney included.
- Transaction codes: A = Award/Grant; F = shares withheld for tax obligations.
Context
- RSU grants are non-cash awards that vest over time; this transaction is an award, not an open-market purchase or sale driven by immediate trading intent.
- The forfeiture of shares (code F) is a routine administrative step to cover tax withholding when awards vest or are subject to tax — it is not the same as an open-market sale indicating a bearish signal.
- No indication in the filing of a 10b5-1 plan, gift, or option exercise beyond the RSU grant and withholding.
This summary is factual and based on the Form 4 reporting the award and tax-withholding disposition; it does not attempt to infer Lovier’s personal motives.
Insider Transaction Report
- Award
Class A common stock
[F1]2026-03-07+250,836→ 958,530 total - Tax Payment
Class A common stock
[F2]2026-03-07$14.95/sh−43,179$645,526→ 915,351 total
- 1,413,489
Class L-1 common stock
- 1,413,490
Class L-2 common stock
Footnotes (2)
- [F1]Represents restricted stock units ("RSUs") granted under the Rocket Companies, Inc. 2020 Omnibus Incentive Plan in a transaction exempt under Rule 16b-3 and approved by a committee of independent directors. Each RSU represents the contingent right to receive one share of Class A common stock of the Issuer for each vested RSU. The RSUs were granted to the Reporting Person on March 7, 2026 and will vest in six equal, semi-annual installments over three years on each March 7 and September 7, with the initial vesting date on September 7, 2026, subject to the Reporting Person's continued employment on the applicable vesting date.
- [F2]Number of shares forfeited to pay tax withholding obligations upon the vesting of restricted stock units granted by the Issuer under its 2020 Omnibus Incentive Plan.