Salzer Bruno 4
Research Summary
AI-generated summary
Amer Sports (AS) Director Bruno Salzer Converts 7,265 RSUs
What Happened
- Bruno Salzer, a director of Amer Sports, converted/exercised 7,265 restricted stock units (RSUs) into 7,265 ordinary shares on May 8, 2026. The Form 4 shows an acquisition/conversion entry for 7,265 shares (price N/A) and a simultaneous disposal entry for 7,265 shares at $0.00 (listed as a derivative disposal).
- No cash value is shown for the disposal (reported price $0.00), and the filing does not list a cash proceed amount for the transactions.
Key Details
- Transaction date: May 8, 2026 (reported on Form 4 filed May 11, 2026).
- Acquisition: 7,265 shares via exercise/conversion of derivative (RSUs); price listed as N/A.
- Disposal: 7,265 shares disposed at $0.00 (classified as Derivative).
- Shares owned after transaction: Not specified in the provided filing.
- Footnotes: F1 clarifies each RSU equals one ordinary share. F2 notes the RSUs were granted May 8, 2025 and vested in full on May 8, 2026; a prior Form 3 incorrectly showed a May 7, 2026 vest date.
- Filing timeliness: Form 4 was filed May 11 for a May 8 transaction (three calendar days later); check official filings for whether the filing met the two-business-day Form 4 deadline.
Context
- This was a conversion/vesting of RSUs rather than a market purchase or open-market sale. The simultaneous disposal at $0.00 is commonly used in filings where shares are withheld or transferred to cover taxes or other obligations, though the Form 4 does not explicitly state the reason.
- For retail investors: RSU vesting and conversion are routine compensation events for insiders and do not by themselves signal a trading view on the stock.