Form 4: Director James Perry Receives RSU Grant from Fermi Inc.

Director James Richard Perry was granted 175,094 restricted stock units by Fermi Inc. as part of the 2025 Long-Term Incentive Plan.

Summary

• Director James Richard Perry acquired 175,094 restricted stock units (RSUs) on June 1, 2026.
• The grant was issued under the Fermi Inc. 2025 Long-Term Incentive Plan.
• Following this transaction, Mr. Perry's total beneficial ownership of common stock increased to 16,691,444 shares.
• The RSUs are subject to a multi-stage vesting schedule tied to continued service.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation that does not materially alter the company's financial outlook.

Positives

• Alignment of director interests with shareholders through equity-based compensation.
• Retention of key leadership through a multi-year vesting schedule.

Negatives

• Potential for future shareholder dilution upon the vesting and settlement of the RSUs.

Risks

• Vesting is contingent upon the director's continued service relationship with the issuer.

Future Outlook

The RSUs will vest in three tranches between September 2026 and September 2027, contingent upon continued service.

Management Comments

• The grant is part of the Issuer's 2025 Long-Term Incentive Plan.

Industry Context

StockSavvy.ai notes that equity grants to directors are standard corporate governance practice to ensure long-term alignment between board members and shareholders.

Comparison to Industry Standards

• The use of multi-year vesting schedules for director equity is consistent with standard corporate governance practices for publicly traded companies.
• The grant size is proportional to the director's existing significant stake in the company.

Stakeholder Impact

• Shareholders may experience minor dilution upon the eventual conversion of RSUs into common stock.

Next Steps

• Vesting of 69,638 RSUs on September 30, 2026.
• Vesting of 35,818 RSUs on May 29, 2027.
• Vesting of 69,638 RSUs on September 30, 2027.

Key Dates

Keywords

Fermi Inc, FRMI, Form 4, Insider Trading, Restricted Stock Units, Director Compensation