Richmond Lauren 4
4 · Finance of America Companies Inc. · Filed Apr 3, 2026
Research Summary
AI-generated summary of this filing
Finance of America (FOA) CLO Lauren Richmond Receives RSUs
What Happened
- Lauren Richmond, Chief Legal Officer of Finance of America Companies Inc. (FOA), received a grant of 29,069 restricted stock units (RSUs) on April 1, 2026.
- On the same date 16,360 RSUs were converted/settled (reported as "exercise or conversion of derivative" entries). As part of that settlement, 4,177 shares were withheld to cover tax liabilities at $16.60 per share, totaling $69,339 (reported under withholding/payment code F). The RSU grant and conversions were reported with a $0 per-share acquisition price (typical for RSUs).
Key Details
- Transaction date: April 1, 2026; Form 4 filed April 3, 2026 (timely).
- Grant: 29,069 RSUs (code A) — each RSU = contingent right to one share; settlement may be in stock, cash, or combination (issuer discretion).
- Settlements/conversions: 4,032 + 8,333 + 3,995 = 16,360 RSUs converted (code M).
- Tax withholding: 1,181 + 2,023 + 973 = 4,177 shares withheld at $16.60 each = $69,339 (code F).
- Shares owned after transaction: not specified in the provided filing summary.
- Footnotes: RSUs can be settled in shares or cash; various tranches vest over one-to-three year schedules per footnotes F3–F5.
Context
- These transactions are RSU settlements and a new RSU grant — not open-market purchases or sales. The withholding of shares to cover taxes is a routine administrative step (code F), not a discretionary sale.
- For retail investors, grants indicate compensation alignment but do not, by themselves, signal a buy/sell opinion. The filing appears timely and procedural.
Insider Transaction Report
Form 4
Richmond Lauren
Chief Legal Officer
Transactions
- Exercise/Conversion
Class A Common Stock
[F1]2026-04-01+4,032→ 32,248 total - Tax Payment
Class A Common Stock
[F2]2026-04-01$16.60/sh−1,181$19,605→ 31,067 total - Exercise/Conversion
Class A Common Stock
[F3]2026-04-01+8,333→ 39,400 total - Tax Payment
Class A Common Stock
[F2]2026-04-01$16.60/sh−2,023$33,582→ 37,377 total - Exercise/Conversion
Class A Common Stock
[F4]2026-04-01+3,995→ 41,372 total - Tax Payment
Class A Common Stock
[F2]2026-04-01$16.60/sh−973$16,152→ 40,399 total - Exercise/Conversion
Restricted Stock Units
[F1]2026-04-01−4,032→ 0 total→ Class A Common Stock (4,032 underlying) - Exercise/Conversion
Restricted Stock Units
[F3]2026-04-01−8,333→ 8,334 total→ Class A Common Stock (8,333 underlying) - Exercise/Conversion
Restricted Stock Units
[F4]2026-04-01−3,995→ 7,990 total→ Class A Common Stock (3,995 underlying) - Award
Restricted Stock Units
[F5]2026-04-01+29,069→ 29,069 total→ Class A Common Stock (29,069 underlying)
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 Lauren Richmond|2026-04-03