El Pollo Loco (LOCO) director awarded 8,258-share restricted stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GARRIDO FRANK reported acquisition or exercise transactions in this Form 4 filing.
El Pollo Loco Holdings director Frank Garrido received a grant of 8,258 shares of common stock as a restricted stock award. The award was granted at no cash cost per share and will vest in full on the first anniversary of the grant date, increasing his direct ownership to 8,258 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
GARRIDO FRANK
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 8,258 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 8,258 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did El Pollo Loco (LOCO) director Frank Garrido report?
Director Frank Garrido reported receiving a grant of 8,258 shares of El Pollo Loco common stock. The shares were awarded as a restricted stock grant, with no cash paid per share, and represent a compensation-related equity award rather than an open-market purchase.
What type of equity award did El Pollo Loco (LOCO) grant to director Frank Garrido?
El Pollo Loco granted Frank Garrido a restricted stock award covering 8,258 shares of common stock. According to the disclosure, this grant was made under the company’s Equity Incentive Plan as a share-based compensation award rather than a cash-paid stock purchase.
When does Frank Garrido’s restricted stock award in El Pollo Loco (LOCO) vest?
The restricted stock award to Frank Garrido vests in full on the first anniversary of the grant date. Until that vesting date, the 8,258 underlying shares remain subject to vesting conditions as specified under El Pollo Loco’s Equity Incentive Plan.