Weitz Perry 4
Research Summary
AI-generated summary
Douglas Elliman (DOUG) Director Weitz Perry Receives Award
What Happened
- Director Weitz Perry was granted a restricted stock award of 90,910 shares of Douglas Elliman common stock on April 10, 2026. The Form 4 reports the acquisition at $0.00 (award/grant), i.e., no cash purchase on the grant date.
- The award vests on April 10, 2027, subject to continued service through the vesting date or earlier vesting upon death, disability, or a change-of-control.
Key Details
- Transaction date: April 10, 2026; filing date: April 14, 2026 (Form 4 accession 0001830401-26-000002).
- Price/Value reported: $0.00 per share (award/grant); total reported consideration $0.
- Shares owned after transaction: not specified in the provided filing data.
- Transaction code: A (award/grant). Footnote: award granted under the Issuer's 2021 Management Incentive Plan; vests 4/10/2027 as noted above.
- Filing timing: Form 4 was filed four days after the grant; Section 16 generally requires reporting within two business days, so this filing appears delayed relative to that rule.
Context
- This was a compensation grant (restricted stock award), not an open-market purchase or sale. Such awards are common for directors and executives as long-term incentives and do not by themselves indicate buying or selling sentiment.
- Value to the insider depends on vesting and any later sale; no immediate cash changed hands on the grant date.