Marchex (MCHX) COO converts 62,500 RSUs into Class B shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Marchex Inc. Chief Operating Officer & CLO Francis J. Feeney exercised 62,500 restricted stock units into the same number of Class B Common Stock shares. The units, granted effective March 20, 2025, vested in full on the first anniversary and converted at a zero exercise price as part of his equity compensation.
Positive
- None.
Negative
- None.
Insider Trade Summary
62,500 shares exercised/converted
Mixed
3 txns
Insider
Feeney Francis J
Role
Chief Operating Officer & CLO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 62,500 | $0.00 | -- |
| Exercise | Class B Common Stock | 62,500 | $0.00 | -- |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Class B Common Stock — 299,928 shares (Direct)
Footnotes (1)
- Restricted stock units award effective March 20, 2025 (the "Grant Date"). Each restricted stock unit represents the right to receive one share of the Corporation's Class B Common Stock upon vesting, which occurs in full on the first anniversary of the Grant Date. Restricted stock award effective January 3, 2023 (the "Grant Date"), with 25% of such shares vesting on the first, second, third, and fourth annual anniversary of the Grant Date, subject to remaining a continuous and full-time active employee.
FAQ
What insider transaction did Marchex (MCHX) report for Francis J. Feeney?
Marchex reported that COO & CLO Francis J. Feeney exercised 62,500 restricted stock units into 62,500 Class B Common Stock shares. This was a derivative exercise at a zero exercise price, reflecting settlement of previously granted equity compensation.
When did Francis J. Feeney’s Marchex restricted stock units vest?
The 62,500 restricted stock units vested on the first anniversary of their March 20, 2025 grant date. According to the terms, all units vested in full after one year, triggering their conversion into Class B Common Stock on March 20, 2026.
Was Francis J. Feeney’s Marchex Form 4 transaction an open-market purchase or sale?
The Form 4 shows a derivative exercise, not an open-market purchase or sale. Code M indicates an exercise or conversion of restricted stock units into Class B Common Stock at a stated price of zero dollars per share.
What role does Francis J. Feeney hold at Marchex (MCHX) in this Form 4?
Francis J. Feeney is identified as Chief Operating Officer & Chief Legal Officer of Marchex Inc. The reported transaction reflects equity compensation tied to his executive role, rather than discretionary market trading in Marchex shares.