Hilton Scott 4
Research Summary
AI-generated summary
Pattern Group (PTRN) Director Hilton Scott Receives RSU Award
What Happened
- Hilton Scott, a director of Pattern Group Inc. (PTRN), was granted 11,356 restricted stock units (RSUs) on May 15, 2026. The award is recorded at $0.00 per share (no cash paid). Each RSU is a contingent right to one share of Series A common stock upon vesting.
Key Details
- Transaction date: 2026-05-15; Form 4 filed: 2026-05-18 (filing appears timely).
- Grant type/code: A — Award/Grant. Reported price: $0.00; total reported acquisition value: $0.
- Number of RSUs granted: 11,356.
- Vesting: RSUs vest on the earlier of (i) May 15, 2027 or (ii) the issuer's 2027 Annual Meeting of Stockholders, subject to continued service (see footnote F1).
- Each RSU converts to one share upon vesting. Shares owned after the transaction: not specified in the provided filing details.
Context
- This is a grant of deferred equity (RSUs), not an open-market purchase or sale. RSU grants are common compensation for executives and directors and do not by themselves indicate an immediate market buy or sell.
- The award vests only with continued service or upon the specified corporate event, so the economic interest is contingent until vesting.