Form 4: Monro, Inc. Director Peter J. Solomon Reports Stock Award and Holdings

Director Peter J. Solomon reports acquisition of restricted stock awards and beneficial ownership of Monro, Inc. shares, including those held in trusts.

Summary

• On August 13, 2024, Peter J. Solomon, a director of Monro, Inc., reported the acquisition of 4,937 restricted stock awards.
• These awards vest in three equal installments on the anniversaries of the grant date.
• Following the transaction, Solomon directly owns 709,719 shares, which includes 10,000 shares of Class C Preferred Stock convertible into 612,752 shares of Common Stock.
• Solomon also indirectly owns 1,000 shares as trustee for his spouse.
• Additionally, he is a trustee for trusts holding 9,664 shares of Class C Preferred Stock convertible into 592,164 shares of Common Stock for his children and grandchildren, but he disclaims beneficial ownership of these shares.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, so the sentiment is neither positive nor negative.

Positives

• The acquisition of restricted stock awards aligns the director's interests with the company's long-term performance.

Management Comments

• Mr. Solomon expressly disclaims beneficial ownership of securities held by such trusts, and this report shall not be deemed an admission that Mr. Solomon is the beneficial owner of such securities.

Industry Context

This filing is a routine disclosure of insider transactions, which is common for publicly traded companies like Monro, Inc.

Stakeholder Impact

• Shareholders are informed about the director's stock ownership and alignment with company interests.

Key Dates