Form 4: Stephanie Lilak Reports Changes in Beneficial Ownership of First Watch Restaurant Group, Inc. Stock
SEC Form 4 Filing
Stephanie Lilak, a director at First Watch Restaurant Group, Inc., reports the acquisition of restricted stock units and a decrease in common stock holdings.
Summary
- On May 23, 2024, Stephanie Lilak, a director of First Watch Restaurant Group, Inc., filed a Form 4 to report changes in beneficial ownership.
- Lilak acquired 5,194 restricted stock units (RSUs) that vest on May 23, 2025, contingent upon continued service.
- Each RSU represents the right to receive one share of First Watch Restaurant Group's common stock.
- Lilak's holdings of common stock decreased to 18,217 shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Future Outlook
The reported transaction reflects changes in the director's holdings, with RSUs vesting in the future contingent on continued service.
Industry Context
This filing is a routine disclosure related to insider transactions, providing transparency to investors regarding the holdings and transactions of company directors.
Key Dates
| Date | Description |
|---|---|
| 05/23/2024 | Date of transaction: Acquisition of RSUs and decrease in common stock holdings. |
| 05/23/2025 | Vesting date for the 5,194 restricted stock units. |
| 05/24/2024 | Date of signature for the report. |
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