Cannizzaro Edward G 4

What Happened
Edward G. Cannizzaro, a member of the Ross Stores Board of Directors, received an award of 896 restricted stock units (RSUs) on 2026-05-21. The grant was reported at $0.00 per unit (total reported value $0) — this is a compensation award, not a purchase or sale of shares.

Key Details

• Transaction date: 2026-05-21 (Form 4 filed 2026-05-26).
• Transaction type/code: Award/Grant (A).
• Amount: 896 restricted stock units; reported acquisition price $0.00 (total $0).
• Vesting: 1/3 vests on May 27, 2027; 1/3 on May 26, 2028; 1/3 on May 25, 2029 (footnote).
• Settlement: Units are deferred for settlement until separation from the Board (per footnote).
• Shares owned after transaction: Not specified in the filed excerpt.
• Timeliness: Filing appears late (transaction occurred 2026-05-21; Form 4 filed 2026-05-26). Insider filings are typically due within two business days, so this was reported after that window.

Context
RSUs are a common form of director compensation that confer the right to receive shares upon vesting; they are not an immediate cash purchase or sale and do not necessarily signal a change in the director's view of the company. Because settlement is deferred until separation from the Board, Cannizzaro may not receive actual shares until he leaves the board. The late filing is a reporting issue to note but does not change the nature of the award.