Teffner Carrie W. 4
Research Summary
AI-generated summary
Amer Sports (AS) Director Carrie W. Teffner Converts 7,265 RSUs
What Happened
Carrie W. Teffner, a director of Amer Sports, reported the conversion of 7,265 restricted stock units (RSUs) into 7,265 ordinary shares on May 8, 2026 (transaction code M — exercise/conversion of a derivative). The Form 4 shows an acquisition of 7,265 shares via conversion and a simultaneous disposition of 7,265 shares at $0.00. No cash proceeds or market sale price are reported for the disposition.
Key Details
- Transaction date: May 8, 2026 (reported on Form 4 filed May 14, 2026) — filing occurred 6 days after the transaction (later than the usual 2-business-day Form 4 window).
- Transaction type/code: M (exercise/conversion of derivative — RSU conversion).
- Shares converted/acquired: 7,265 RSUs → 7,265 ordinary shares.
- Disposition shown: 7,265 shares disposed at $0.00 (no proceeds reported).
- Shares owned after transaction: Not provided in the supplied filing data.
- Footnotes: F1 — each RSU equals a contingent right to one ordinary share; F2 — the RSUs were granted May 8, 2025 and vested in full on May 8, 2026 (Form 3 previously misreported a May 7, 2026 vesting date).
Context
This filing documents a compensation-related vesting/conversion of RSUs rather than an open-market purchase or an ordinary sale. The simultaneous $0.00 disposition is recorded in the Form 4 but the filing does not specify the reason for that disposition (for example, tax withholding or transfer); the footnotes focus on the grant and correct vesting date. Because this is a director RSU vesting event, it is generally a routine compensation occurrence rather than a direct signal of buying or selling intent.