Adamas director gets 14,238 deferred stock units
Greenberg Audrey reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Greenberg Audrey reported acquisition or exercise transactions in this Form 4 filing.
ADAMAS TRUST, INC. director Audrey Greenberg received an award of 14,238 deferred stock units (DSUs) as director compensation. These DSUs are granted under the Adamas Trust, Inc. 2017 Equity Incentive Plan and can be settled one-for-one into shares of common stock.
The DSUs will vest on the day immediately before the company’s next annual stockholders’ meeting held in the following calendar year, provided she continues serving the company. Settlement of vested DSUs is deferred until a change in control or the third anniversary of the grant. Following this grant, she holds 51,378 DSUs.
Insider Trade Summary
Grant/Award: 14,238 shares
Grant/Award
1 txn
Insider
Greenberg Audrey
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 14,238 | $0.00 | $0.00 |
Holdings After Transaction:
Deferred Stock Units — 51,378 contracts (Direct)
Footnotes (1)
- F1. Represents an award of deferred stock units ("DSUs") granted to the Reporting Person pursuant to the Adamas Trust, Inc. 2017 Equity Incentive Plan, as amended from time to time, that may be settled only for shares of common stock on a one-for-one basis. The DSUs will vest on the day immediately preceding the date of the Issuer's annual meeting of stockholders that occurs in the calendar year immediately following the calendar year in which the date of grant occurs, so long as the Reporting Person continuously provides services to the Issuer through such vesting date. Pursuant to the Reporting Person's election under the award agreement, settlement of the vested DSUs has been deferred until the earliest to occur of the date of a change in control or the date that is the third anniversary of the date of grant.
Key Figures
Deferred stock units granted: 14,238 units
DSUs after transaction: 51,378 units
Settlement ratio: 1 DSU = 1 share
+2 more
5 metrics
Deferred stock units granted
14,238 units
Award of DSUs to director on grant date
DSUs after transaction
51,378 units
Total deferred stock units held following grant
Settlement ratio
1 DSU = 1 share
Each DSU may be settled for one common share
Vesting timing
Preceding next annual meeting
Vests the day before the next year’s annual stockholders’ meeting
Deferral period
Until change in control or 3rd anniversary
Settlement deferred per the award election and terms
Key Terms
Deferred Stock Units, 2017 Equity Incentive Plan, change in control, annual meeting of stockholders
4 terms
Deferred Stock Units financial
"Represents an award of deferred stock units ("DSUs") granted to the Reporting Person"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
2017 Equity Incentive Plan financial
"granted to the Reporting Person pursuant to the Adamas Trust, Inc. 2017 Equity Incentive Plan"
change in control financial
"settlement of the vested DSUs has been deferred until the earliest to occur of the date of a change in control"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
annual meeting of stockholders financial
"vest on the day immediately preceding the date of the Issuer's annual meeting of stockholders"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did the latest Form 4 for ADAM report about Audrey Greenberg?
The Form 4 reports that director Audrey Greenberg received 14,238 deferred stock units from Adamas Trust, Inc. as an equity award. These units are part of the 2017 Equity Incentive Plan and will convert into common shares after vesting and deferred settlement conditions are met.
How many deferred stock units did Audrey Greenberg receive from Adamas Trust (ADAM)?
Audrey Greenberg was granted 14,238 deferred stock units by Adamas Trust, Inc. under its 2017 Equity Incentive Plan. Each unit can convert into one share of common stock after vesting and deferred settlement. After this award, she directly holds a total of 51,378 DSUs.
When do Audrey Greenberg’s Adamas (ADAM) deferred stock units vest?
The deferred stock units vest on the day immediately preceding Adamas Trust’s annual meeting of stockholders held in the calendar year after the grant year. Vesting requires that Audrey Greenberg continuously provides services to the company through that date, linking the award to ongoing board service.
When will Audrey Greenberg’s Adamas deferred stock units be settled into common stock?
Settlement of the vested deferred stock units is deferred until the earliest of a change in control of Adamas Trust or the third anniversary of the grant date. At settlement, each DSU converts into one share of common stock, delivering the equity value at that later event.
What is a deferred stock unit (DSU) in the Adamas Trust (ADAM) filing?
A deferred stock unit is a right to receive a share of Adamas Trust common stock at a future date. In this filing, DSUs vest after a specified service period and are then settled later, either upon a change in control or on the third anniversary of the grant date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
