Palmer Jennifer 4
4 · Star Equity Holdings, Inc. · Filed Mar 27, 2026
Research Summary
AI-generated summary of this filing
Star Equity (STRR) Director Jennifer Palmer Receives 396 Shares
What Happened
Jennifer Palmer, a director of Star Equity Holdings, received 396 shares on March 25, 2026 through the exercise/conversion of a derivative (reported with transaction code M). The filing shows an "Acquired" entry for 396 shares and a matching "Disposed" entry tied to the conversion/settlement; no cash price or sale proceeds are reported (price = N/A).
Key Details
- Transaction date: March 25, 2026; Form 4 filed March 27, 2026 (filed within the typical 2-business-day window).
- Shares involved: 396 shares resulting from settlement of Restricted Stock Units (RSUs). Reported price: N/A (no cash sale reported).
- Shares owned after transaction: not explicitly stated in the filing.
- Notable footnotes:
- F1/F2: Each RSU represents the right to one share; this transaction reflects scheduled RSU settlement on vesting.
- F4: These 396 RSUs originated from an exchange of SOC (Star Operating Companies, Inc.) RSUs after a prior merger; 100% of those RSUs vested on 3/25/2026.
- F3: The filing also references 7,012 RSUs credited to the reporting person's account under the issuer’s incentive plan (payable on a future date per plan terms).
- The "Disposed" line in the Form 4 reflects conversion/settlement of the derivative, not an open‑market sale.
Context
This was an award/settlement event (vested RSUs converted into common shares), not a purchase or a sale on the open market. Such settlements are routine when equity awards vest and generally do not by themselves signal a buy/sell decision by the insider.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1][F2][F3]2026-03-25+396→ 7,769 total - Exercise/Conversion
Restricted Stock Unit
[F1][F2][F4]2026-03-25−396→ 0 total→ Common Stock (396 underlying)
Footnotes (4)
- [F1]Each Restricted Stock Unit represents the right to receive, at settlement, one share of common stock.
- [F2]This transaction represents the settlement of Restricted Stock Units in shares of common stock on their scheduled vesting date.
- [F3]Includes 7,012 Restricted Stock Units credited to the Reporting Person's account under the Issuer's 2009 Incentive Stock and Awards Plan, as amended and restated. Each Restricted Stock Unit represents the right to receive, at settlement, one share of Common Stock payable upon the first anniversary of the Grant Date.
- [F4]On March 25, 2025, the Reporting Person was granted Restricted Stock Units by Star Operating Companies, Inc. ("SOC"), each of which represented the right to receive, at settlement, one share of SOC common stock ("SOC RSUs"). Pursuant to the Agreement and Plan of Merger, dated as of May 21, 2025, by and among SOC, the Issuer and HSON Merger Sub, Inc., a wholly owned subsidiary of the Issuer, the Reporting Person's SOC RSUs were exchanged for 396 Restricted Stock Units. As to this grant, one hundred percent (100%) of the Restricted Stock Units vested on March 25, 2026.