Local Bounti (LOCL) Director Matthew Nordby Receives RSU Award

What Happened Matthew Nordby, a director of Local Bounti Corporation (LOCL), received an award of 62,949 restricted stock units (RSUs) on 2026-06-10. The transaction is reported as an award/acquisition (transaction code A) at an acquisition price of $0.00 (RSUs are compensation, not a cash purchase).

Key Details

• Transaction date: 2026-06-10; reported on Form 4 filed 2026-06-12 (timely within the usual 2-business-day window).
• Award size: 62,949 RSUs; acquisition price shown as $0.00.
• Shares owned after transaction: not specified in the filing.
• Footnote: RSUs vest on the earlier of (1) the day before the issuer’s next annual stockholders’ meeting or (2) June 10, 2027, subject to Nordby’s continued service (per Footnote F1).
• Transaction type: A = Award/Grant of equity-based compensation.

Context RSUs are a form of compensation that convert into shares only upon vesting; this award does not represent an immediate open-market purchase or sale. Director equity awards are common as retention/compensation and do not, by themselves, indicate a buy or sell signal.