Armour Spencer D III 4
Research Summary
AI-generated summary
Viper Energy (VNOM) Director Armour Spencer D III Receives RSU Award
What Happened
- Spencer D. Armour III, a director of Viper Energy, received an award of 3,612 restricted stock units (RSUs) on 2026-05-19. The transaction is coded as an award/grant (A) and the per-unit price is reported as $0.00 (total reported value $0).
- These RSUs represent a contingent right to receive one share of Class A common stock per unit subject to vesting conditions; this is a grant (not an open-market purchase or sale).
Key Details
- Transaction date: 2026-05-19; Form 4 filed: 2026-05-21 (filed within the typical reporting window).
- Grant amount: 3,612 RSUs; reported price: $0.00; reported cash value: $0.
- Vesting: RSUs vest on the earlier of the one-year anniversary of the grant and the date of the 2027 annual meeting of stockholders (per footnote).
- Shares owned after transaction: Not disclosed in this filing.
- Footnote: RSUs granted as an annual non-employee director grant under the issuer’s long-term incentive plan.
- Exhibit: Exhibit 24.1 — Limited Power of Attorney included.
Context
- RSU grants to non-employee directors are common compensation practices to align directors with shareholders; this grant does not involve an immediate cash purchase or sale.
- Because these are restricted units that vest in the future, they do not immediately increase tradable share count for the director until vesting and delivery occur.