FTI Consulting (NYSE: FCN) General Counsel receives 2,333-share restricted stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lu Curtis P reported acquisition or exercise transactions in this Form 4 filing.
FTI Consulting, Inc. General Counsel Curtis P. Lu received an award of 2,333 shares of common stock as equity compensation. The shares were granted at no cash cost and increase his direct holdings to 47,288 shares.
The award is structured as restricted stock that vests over three years: 33.33% on the first anniversary of the grant date, 33.33% on the second anniversary, and 33.34% on the third anniversary. This filing records the compensation-related grant rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lu Curtis P
Role
General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,333 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 47,288 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What insider transaction did FTI Consulting (FCN) report for Curtis P. Lu?
FTI Consulting reported that General Counsel Curtis P. Lu received a grant of 2,333 shares of common stock as restricted stock. This is a compensation-related equity award, not an open-market share purchase or sale, and was reported on a Form 4 filing.
What are the vesting terms of the restricted stock granted to FTI Consulting’s General Counsel?
The restricted stock award vests in three equal annual installments. Specifically, 33.33% vests on the first anniversary of the grant date, another 33.33% on the second anniversary, and the remaining 33.34% on the third anniversary, aligning the award with multi-year retention incentives.
Is the FTI Consulting (FCN) Form 4 transaction an open-market trade?
The transaction is not an open-market trade. It is coded as a grant, award, or other acquisition of common stock, reflecting equity compensation for the General Counsel. The shares were granted at no stated purchase price and will vest over three years.