4Filed Sep 2, 8:00 PM ET
Forgent Power (FPS) CAO Inez Lund Receives Equity Awards
$FPS · Forgent Power Solutions, Inc.Research Summary
AI-generated summary of this SEC filing
Forgent Power (FPS) CAO Inez Lund Receives Equity Awards
What Happened
- Inez Lund, Chief Accounting Officer of Forgent Power Solutions, Inc., received equity awards on 2026-09-01: 7,043 restricted stock units (RSUs) and 17,147 derivative awards (non-qualified stock options) were reported as acquired at $0.00 (total $0).
- These are grants/awards (not open-market purchases or sales); they are compensation awards rather than immediate share purchases.
Key Details
- Transaction date: 2026-09-01; Form 4 filed 2026-09-03 (appears timely under the SEC two-business-day rule).
- Price: $0.00 reported for both items (typical for grants).
- Shares owned after transaction: not specified in the provided Form 4 summary.
- Footnotes:
- F1: 7,043 RSUs — vest in three equal annual installments beginning one year after the grant, subject to continued service.
- F2: 17,147 non-qualified stock options — vest in three equal annual installments beginning one year after the grant, subject to continued service.
- Transaction code: A = Award/Grant.
Context
- RSUs represent the right to receive shares upon vesting; they are not freely tradable until vesting conditions are met. The option-related award is a derivative (grant of options) that must vest and be exercised before converting to shares.
- Awards are routine executive compensation and do not necessarily signal a personal buy or sell decision by the insider.