Form 4: Director Larry C. Ellis Receives Equity Grant at SpringBig
Statement of Changes in Beneficial Ownership
Director Larry C. Ellis was granted 1,193,623 restricted stock units in SpringBig Holdings, Inc. as part of the company's long-term incentive plan.
Summary
- Director Larry C. Ellis acquired 1,193,623 shares of common stock via a restricted stock unit (RSU) award.
- The grant was issued under the SpringBig Holdings, Inc. 2022 Amended and Restated Long-Term Incentive Plan.
- The shares are subject to a multi-year vesting schedule beginning in 2027.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral administrative filing regarding director compensation, which is a routine corporate governance event.
Positives
- Alignment of director interests with long-term shareholder value through equity-based compensation.
- Retention mechanism established through a multi-year vesting schedule.
Negatives
- Potential for future shareholder dilution upon the vesting and issuance of the underlying common stock.
Risks
- Vesting is contingent upon the director's continuous service to the company.
- Accelerated vesting provisions in the event of a change of control could impact future corporate transactions.
Future Outlook
The filing does not provide forward-looking financial guidance, focusing solely on director equity compensation.
Industry Context
StockSavvy.ai notes that equity grants to directors are standard corporate governance practices designed to incentivize long-term oversight and strategic alignment in the technology and loyalty marketing sectors.
Comparison to Industry Standards
- The use of multi-year vesting schedules for director compensation is consistent with standard corporate governance practices for publicly traded companies.
- The grant size is relative to the company's total outstanding shares and follows typical equity incentive plan structures.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Equity Compensation | Grant of restricted stock units to a director under the 2022 Long-Term Incentive Plan. | 04/20/2026 | Increases director's equity stake, aligning interests with shareholders. |
Stakeholder Impact
- Shareholders: Potential for future dilution.
- Director: Increased financial stake in the company's performance.
Next Steps
- Vesting of the first tranche of shares on April 1, 2027.
Key Dates
| Date | Description |
|---|---|
| 04/20/2026 | Date of the RSU grant transaction. |
| 04/22/2026 | Date the Form 4 was filed with the SEC. |
| 04/01/2027 | First tranche of RSU vesting (397,874 shares). |
| 04/01/2028 | Second tranche of RSU vesting (397,874 shares). |
| 04/01/2029 | Final tranche of RSU vesting. |
Keywords
SpringBig, SBIG, Form 4, Insider Trading, Equity Compensation, Director Compensation
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.