Corio Norma 4
Research Summary
AI-generated summary
FOA (Finance of America) Director Norma Corio Converts RSUs, Receives New RSU Grant
What Happened
- Norma Corio, a director of Finance of America Companies, had 4,570 restricted stock units (RSUs) vest and convert into shares on May 15, 2026. The Form 4 also shows a contemporaneous disposition of 4,570 derivative units at $0. On May 18, 2026 she was granted 5,094 new RSUs reported at $0.
- These transactions are RSU-related (not an open‑market buy or sale) and the reported acquisition/disposition values on the form are $0 (derivative reporting), not the market dollar value of underlying shares.
Key Details
- Transaction dates: May 15, 2026 (RSU vest/convert and reported $0 disposition); May 18, 2026 (grant of 5,094 RSUs).
- Reported prices/values: All derivative entries shown at $0 on the Form 4 (acquisition and disposition values reported as $0).
- Shares owned after transaction: Not specified in the provided data.
- Footnotes of note:
- F1/F3: The May 15 activity reflects RSUs that vested on May 15, 2026 and converted one‑for‑one into Class A common shares.
- F2: Each RSU is a contingent right to one share and may be settled in stock, cash, or a combination at the issuer’s discretion.
- F4: The May 18 grant vests on the earlier of May 18, 2027 or the next regularly scheduled annual meeting.
- Filing timeliness: Report covers transactions on May 15 and was filed May 19, 2026 — within the typical two business‑day Form 4 filing window (timely).
Context
- These entries are RSU vesting/conversion and a new RSU grant — not open‑market purchases or voluntary sales. The Form shows a simultaneous disposition of the vested derivative units at $0; the form does not state the reason. Common administrative reasons for such entries include tax withholding or cash settlement, but the filing itself does not specify which occurred.