Fugate William Craig 4

What Happened

• William Craig Fugate, a director of Genasys Inc. (GNSS), received a grant of 47,620 restricted stock units (RSUs) on 2026-03-17. The award was reported as an acquisition (code A) at $0.00 (no cash paid). Each RSU represents a contingent right to one share of common stock payable solely in shares.

Key Details

• Transaction date: 2026-03-17; Form 4 filed: 2026-03-19 (filed within the usual 2-business-day window).
• Instrument: 47,620 RSUs granted (reported acquisition at $0.00).
• Vesting/settlement: RSUs vest upon the earlier of (i) the Company’s 2027 annual shareholder meeting or (ii) a change of control; each RSU is eligible to be settled only in shares.
• Shares owned after the transaction: Not specified in the provided filing excerpt.
• Transaction code: A = Award/Grant.

Context

• This is a compensation award (not an open-market purchase or sale). Awards like RSUs are typically used for director compensation and align pay with long-term shareholder value; they do not represent an immediate cash investment by the insider. The vesting condition ties payout to a future shareholder meeting or a change-of-control event.