Telias Alberto Hernan 4

What Happened Telias Alberto Hernan, Chief Marketing Officer of Codere Online Luxembourg, S.A. (CDRO), received an award of 7,000 Restricted Stock Units (RSUs) reported May 5, 2026. The report shows the acquisition value as $0 because this was a grant/award (transaction code A). RSUs convert to shares only as they vest; this is not an open-market purchase or sale.

Key Details

• Transaction date: May 5, 2026; Filing date (Form 4): May 7, 2026 (filed within the typical two-business-day window).
• Transaction type/code: Grant / Award (A).
• Shares/units awarded: 7,000 RSUs; reported acquisition price $0.
• Vesting schedule (per footnote): RSUs vest equally on December 31, 2024, 2025 and 2026.
• Shares owned after the transaction: Not specified in the Form 4 filing.
• Footnote: Award was made by the Board on Nov 7, 2024 and became effective upon the Company’s S-8 registration statement filing on May 5, 2026.

Context RSUs are a form of equity compensation that convert into actual shares when they vest; they do not represent an immediate cash purchase or sale and therefore are not a direct bullish/sell signal. Two of the three scheduled vest dates are in prior years (per the schedule), but the award’s effectiveness was tied to the S-8 filing—see the footnote for timing.