Cantwell Wayne C 4
Research Summary
AI-generated summary
Arteris (AIP) Director Wayne Cantwell Receives RSU Award
What Happened
Wayne C. Cantwell, a director of Arteris, Inc. (AIP), was granted 7,839 restricted stock units (RSUs) on June 2, 2026. The award was valued at an average grant price of $31.89 per share (7,839 × $31.89 ≈ $249,987). This is a compensation award (grant), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-06-02; Form 4 filed 2026-06-04 (filed timely).
- Security and amount: 7,839 RSUs (grant, code A).
- Grant valuation basis: average trading price $31.89 for period Apr 21–Jun 2, 2026 → total ≈ $249,987.
- Vesting: RSUs vest in full on the earlier of (i) the first anniversary of the grant date or (ii) immediately before the issuer’s next annual meeting, subject to continued board service. RSUs have no expiration date.
- Deferral: Reporting person elected to defer receipt of shares.
- Holding: Shares are held by The Cantwell Living Trust, for which Cantwell is trustee.
- Shares owned after transaction: not reported on this Form 4.
Context
These RSUs are a restricted equity award tied to continued board service and will convert to common stock only upon vesting. This is a routine compensation grant (an "A" transaction) and should be viewed as awarded compensation rather than a personal buy/sell decision.