Redwire (RDW) CEO Peter Cannito Receives Equity Awards

What Happened

• Peter Anthony Cannito Jr., Redwire's Chairman and CEO, was granted equity awards on July 14, 2026: 190,637 restricted stock units (RSUs) and 190,637 performance-based units (derivative). Both grants show $0.00 per share (standard for awards). In connection with the vesting/event, 12,631 shares were withheld to cover taxes at the closing price of $9.74, a withholding value of $123,026 (reported as a disposition).

Key Details

• Transaction date: July 14, 2026; Form 4 filed July 16, 2026 (timely).
• Grants: 190,637 RSUs (award) + 190,637 performance units (derivative); grant prices reported as $0.00.
• Tax withholding: 12,631 shares withheld at $9.74/share for taxes, proceeds ≈ $123,026.
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Relevant footnotes:
  • RSUs vest in three equal annual installments on July 14, 2027, 2028 and 2029 (F1).
  • 12,631-share withholding represents mandatory shares withheld for taxes (F3); $9.74 is the closing price on the vesting date (F4).
  • The performance units are contingent rights that can convert to 0–2 shares each depending on Redwire’s total shareholder return vs. the Russell 2000 TR Index for the 1/1/2026–12/31/2028 performance period (F5).
  • Filing notes include an ESPP reference of 9,678 shares in the footnotes (F2).

Context

• These transactions are equity awards, not open-market purchases or voluntary sales; the 12,631-share transfer was a tax-withholding disposition (common when awards vest) rather than a market sell signal.
• The performance units are conditional — final payout (0–2 shares per unit) depends on relative TSR over the 2026–2028 performance period.
• No indication in the provided filing of late reporting or of a 10% owner transaction; this appears to be routine executive equity compensation reporting.