Fleming Graham 4
4 · Finance of America Companies Inc. · Filed Apr 3, 2026
Research Summary
AI-generated summary of this filing
Finance of America (FOA) CEO Fleming Graham Receives RSU Award, Shares Withheld
What Happened
- Fleming Graham, CEO of Finance of America Companies, was granted 87,209 restricted stock units (RSUs) on April 1, 2026. On the same date he converted/settled previously awarded RSUs into shares (three conversions of 40,322; 66,667; and 32,958 shares — total 139,947).
- To cover tax withholding related to the settlements, 52,332 shares were withheld at $16.60 per share, producing proceeds/withholding of $868,712. The RSU settlements and grant show $0 exercise price (typical for RSUs).
Key Details
- Transaction date: April 1, 2026; Form 4 filed April 3, 2026 (appears timely).
- Prices/values: RSU grants and conversions recorded at $0 per share; tax withholding executed at $16.60 per share (52,332 shares withheld = $868,712).
- Shares acquired via conversion: 40,322; 66,667; 32,958 (total 139,947). Shares withheld for taxes (disposed): 11,633; 26,246; 14,453 (total 52,332).
- New award: 87,209 RSUs granted on April 1, 2026.
- Shares owned after the transactions: not specified in the provided excerpt — check the full Form 4 for post-transaction ownership totals.
- Footnotes: RSUs represent a contingent right to one share each and may be settled in stock or cash at the company’s discretion. Some previously granted RSUs vest on future anniversaries (per footnotes F3–F5); the new RSUs vest in one‑third increments on each of the first three anniversaries of April 1, 2026, subject to continued employment.
- Transaction codes: M = derivative conversion/exercise (RSU settlement), F = shares withheld for tax liability, A = grant/award.
Context
- These were RSU settlements and a new RSU grant rather than open‑market purchases or discretionary sales. Withholding of shares to cover taxes is a routine administrative step (a cashless/net settlement) and is recorded as disposals but does not necessarily indicate selling for investment reasons.
- For retail investors: awards and withholding are compensation events. Purchases by insiders tend to be more indicative of personal bullishness; awards and tax withholdings are common and often driven by vesting schedules and tax obligations rather than market views.
Insider Transaction Report
Form 4
Fleming Graham
Chief Executive Officer
Transactions
- Exercise/Conversion
Class A Common Stock
[F1]2026-04-01+40,322→ 244,955 total - Tax Payment
Class A Common Stock
[F2]2026-04-01$16.60/sh−11,633$193,108→ 233,322 total - Exercise/Conversion
Class A Common Stock
[F3]2026-04-01+66,667→ 299,989 total - Tax Payment
Class A Common Stock
[F2]2026-04-01$16.60/sh−26,246$435,684→ 273,743 total - Exercise/Conversion
Class A Common Stock
[F4]2026-04-01+32,958→ 306,701 total - Tax Payment
Class A Common Stock
[F2]2026-04-01$16.60/sh−14,453$239,920→ 292,248 total - Exercise/Conversion
Restricted Stock Units
[F1]2026-04-01−40,322→ 0 total→ Class A Common Stock (40,322 underlying) - Exercise/Conversion
Restricted Stock Units
[F3]2026-04-01−66,667→ 66,667 total→ Class A Common Stock (66,667 underlying) - Exercise/Conversion
Restricted Stock Units
[F4]2026-04-01−32,958→ 65,916 total→ Class A Common Stock (32,958 underlying) - Award
Restricted Stock Units
[F5]2026-04-01+87,209→ 87,209 total→ Class A Common Stock (87,209 underlying)
Holdings
- 2,000(indirect: By Trust)
Class A Common Stock
Footnotes (5)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A common stock ("Common Stock"). The RSUs will be settled in either Common Stock or cash (or a combination thereof) at the discretion of the Issuer's compensation committee.
- [F2]Represents the withholding of shares of Common Stock for tax purposes in connection with the settlement of RSUs.
- [F3]Each RSU represents a contingent right to receive one share of Common Stock. The RSUs will be settled in either Common Stock or cash (or a combination thereof) at the discretion of the Issuer's compensation committee. The remaining RSUs vest on the third anniversary of April 1, 2024, subject to the Reporting Person's continued employment.
- [F4]Each RSU represents a contingent right to receive one share of Common Stock. The RSUs will be settled in either Common Stock or cash (or a combination thereof) at the discretion of the Issuer's compensation committee. The remaining RSUs vest on the second and third anniversaries of April 1, 2025, subject to the Reporting Person's continued employment.
- [F5]Represents additional RSUs granted to the Reporting Person on April 1, 2026. Each RSU represents a contingent right to receive one share of Common Stock. The RSUs will be settled in either Common Stock or cash (or a combination thereof) at the discretion of the Issuer's compensation committee. The RSUs shall vest in one-third increments upon the first, second and third anniversaries of the vesting reference date, April 1, 2026, subject to the Reporting Person's continued employment.
Signature
/s/ Tracy Lowe, as power of attorney for Graham Fleming|2026-04-03