Edmunds Chris 4
Research Summary
AI-generated summary
Redwire (RDW) CFO Chris Edmunds Receives Stock Awards
What Happened
- Chris Edmunds, Chief Financial Officer of Redwire Corp (RDW), received equity awards on July 14, 2026: 76,364 restricted stock units (RSUs) granted (acquired at $0.00) and 76,364 performance-based units (derivative award). In connection with the RSU vesting, 1,160 shares were withheld to cover taxes at the closing price of $9.74, generating proceeds/value of $11,298 (disposition for tax withholding).
Key Details
- Transaction date: July 14, 2026; Form 4 filed July 16, 2026 (timely).
- Awards: 76,364 RSUs (grant code A) and 76,364 performance units (grant code A, reported as derivative).
- Tax withholding: 1,160 shares withheld (code F) at $9.74 per share = $11,298 (footnotes F2, F3).
- RSU vesting schedule: RSUs vest in three equal annual installments on July 14, 2027, 2028 and 2029 (footnote F1).
- Performance units: each unit converts to 0–2 shares depending on Redwire’s total shareholder return vs. the Russell 2000 Total Return Index for the period 1/1/2026–12/31/2028 (footnote F4).
- Shares owned after the transaction: not specified in this Form 4.
- Transaction codes: A = Award/Grant, F = Tax withholding (routine).
Context
- These transactions are awards, not open-market purchases or sales; the only disposal was the routine withholding of shares to satisfy tax obligations. Performance units are contingent and may pay out between 0 and 2 shares per unit depending on relative TSR at the end of the performance period. The filing appears timely (filed two days after the grant/vesting date).