Gardner Cory 4

What Happened

• Gardner Cory, a director of Finance of America Companies Inc. (FOA), had 4,570 restricted stock units (RSUs) vest and convert into 4,570 shares of Class A common stock on May 15, 2026. The filing also shows a corresponding disposition entry for 4,570 shares at $0.00 (reported as derivative activity).
• On May 18, 2026 Cory received a grant of 5,094 RSUs (reported as an award/acquisition) at $0.00. The RSUs are a contingent right to receive one share each and may be settled in stock or cash.

Key Details

• Transaction dates and codes: May 15, 2026 — exercise/conversion of derivative (Code M) for 4,570 shares; May 18, 2026 — grant/award (Code A) of 5,094 RSUs.
• Prices/values reported: both the conversion/disposition and the award are reported at $0.00 (no cash paid by the insider).
• Shares owned after transaction: not specified in the information provided in this summary.
• Footnotes of note:
  • F1/F3: RSUs converted one-for-one into Common Stock and the May 15 RSUs vested on that date.
  • F2: RSUs may be settled in Common Stock, cash, or a combination at the issuer’s discretion.
  • F4: The May 18 RSUs vest the earlier of May 18, 2027 or the next annual stockholders’ meeting.
• Filing timeliness: Form 4 filed May 19, 2026 covering May 15 and May 18 transactions — the filing date appears to be within the typical two-business-day reporting window.

Context

• RSUs are derivative awards (a contingent right to receive shares) rather than open-market purchases or sales. The May 15 conversion reflects vested RSUs becoming shares; the matching $0 disposition line on the Form 4 frequently indicates net settlement or withholding for taxes (common in RSU settlements), though the filing does not explicitly state the reason.
• The May 18 entry is a new RSU grant subject to future vesting; grants are routine compensation and do not by themselves signal buying or selling intent.