Edwards Noah A. 4
4 · Rocket Companies, Inc. · Filed Mar 10, 2026
Research Summary
AI-generated summary of this filing
Rocket (RKT) Chief Accounting Officer Noah Edwards Receives 60,200 RSUs
What Happened
Noah A. Edwards, Chief Accounting Officer of Rocket Companies, was granted 60,200 restricted stock units (RSUs) on March 7, 2026 (transaction code A). At the same time, 7,912 shares were surrendered to cover tax withholding (transaction code F) at an indicated value of $14.95 per share, totaling $118,284. The RSUs are awards (contingent rights to receive shares upon vesting), not open-market purchases or sales.
Key Details
- Transaction date: March 7, 2026; Form 4 filed March 10, 2026 (timely filing).
- Grant: 60,200 RSUs (code A); Acquisition price reported as $0.00 (standard for RSU grants).
- Tax withholding: 7,912 shares withheld (code F) at $14.95/share = $118,284 deducted to satisfy tax obligations.
- Vesting: RSUs vest in six equal semi-annual installments over three years (each March 7 and September 7), starting September 7, 2026 (per footnote).
- Shares owned after the transaction: not specified in the filing.
- Additional doc: Exhibit 24.1 (Power of Attorney) attached.
Context
RSU grants are a common form of executive compensation and represent the right to receive shares if employment continues through vesting dates; they are not an immediate purchase signal. The withheld shares were used solely to cover tax withholding obligations upon the grant, a routine administrative step (not an open-market sale).
Insider Transaction Report
- Award
Class A common stock
[F1]2026-03-07+60,200→ 178,836 total - Tax Payment
Class A common stock
[F2]2026-03-07$14.95/sh−7,912$118,284→ 170,924 total
Footnotes (2)
- [F1]Represents restricted stock units ("RSUs") granted under the Rocket Companies, Inc. 2020 Omnibus Incentive Plan in a transaction exempt under Rule 16b-3 and approved by a committee of independent directors. Each RSU represents the contingent right to receive one share of Class A common stock of the Issuer for each vested RSU. The RSUs were granted to the Reporting Person on March 7, 2026 and will vest in six equal, semi-annual installments over three years on each March 7 and September 7, with the initial vesting date on September 7, 2026, subject to the Reporting Person's continued employment on the applicable vesting date.
- [F2]Number of shares forfeited to pay tax withholding obligations upon the vesting of restricted stock units granted by the Issuer under its 2020 Omnibus Incentive Plan.