ADI Global Distribution Inc. (ADIG) awards director 5,825 deferred restricted stock units
Rhea-AI Filing Summary
Galvin William reported acquisition or exercise transactions in this Form 4 filing.
ADI Global Distribution Inc. reported that director William Galvin received a grant of 5,825 Deferred Restricted Stock Units (DRSUs). Each DRSU represents a contingent right to receive one share of common stock. These DRSUs will vest on August 7, 2027, and once vested will be credited to his account and settled seven months after he terminates service on the board. Following this grant, Galvin holds 5,825 DRSUs directly.
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Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Galvin William
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Restricted Stock Units F1, F2 | 5,825 | $0.00 | $0.00 |
Holdings After Transaction:
Deferred Restricted Stock Units — 5,825 shares (Direct)
Footnotes (2)
- F1. Each deferred restricted stock unit ("DRSU") represents a contingent right to receive one share of ADI Global Distribution Inc. (the "Issuer") common stock.
- F2. The DRSUs will vest on August 7, 2027 and once vested, will be credited to the Reporting Person's account and settled seven months after the Reporting Person terminates his service on the Issuer's board of directors.
Key Figures
Deferred Restricted Stock Units granted: 5,825 units
Price per DRSU: $0.0000 per unit
DRSUs outstanding after grant: 5,825 units
+2 more
5 metrics
Deferred Restricted Stock Units granted
5,825 units
Grant of DRSUs to director William Galvin on August 7, 2026
Price per DRSU
$0.0000 per unit
Reported transaction price for the DRSU grant
DRSUs outstanding after grant
5,825 units
Total Deferred Restricted Stock Units held directly by William Galvin after the transaction
Underlying common shares
5,825 shares
Each DRSU represents one share of common stock
Vesting date
August 7, 2027
Date on which the granted DRSUs will vest
Key Terms
Deferred Restricted Stock Units, contingent right, vest, settled
4 terms
Deferred Restricted Stock Units financial
"Each deferred restricted stock unit ("DRSU") represents a contingent right"
Deferred restricted stock units are promises by a company to give employees or executives company shares at a future date, subject to conditions like continued employment or performance targets; the delivery and tax event are intentionally delayed. They matter to investors because they affect when new shares may be issued and how executives are motivated—like a paycheck held in escrow that vests over time, influencing potential share dilution and management behavior.
contingent right financial
"represents a contingent right to receive one share of ADI Global"
vest financial
"The DRSUs will vest on August 7, 2027 and once vested, will"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
settled financial
"and settled seven months after the Reporting Person terminates his service"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did ADIG director William Galvin report on this Form 4?
William Galvin reported an acquisition of 5,825 Deferred Restricted Stock Units of ADI Global Distribution Inc. The units were granted as compensation and each represents a right to receive one share of common stock.
How many ADIG Deferred Restricted Stock Units does William Galvin hold after this transaction?
After the reported grant, William Galvin holds 5,825 Deferred Restricted Stock Units. These derivative units are directly owned and are tied one-for-one to ADI Global Distribution Inc. common stock.
When do William Galvin’s 5,825 ADIG Deferred Restricted Stock Units vest?
The 5,825 Deferred Restricted Stock Units granted to William Galvin will vest on August 7, 2027. Vesting must occur before the units are credited to his account and later settled in shares.
What does each ADIG Deferred Restricted Stock Unit represent for William Galvin?
Each Deferred Restricted Stock Unit granted to William Galvin represents a contingent right to receive one share of ADI Global Distribution Inc. common stock, subject to vesting and settlement conditions.
When will William Galvin’s vested ADIG Deferred Restricted Stock Units be settled?
Once vested, William Galvin’s DRSUs will be settled seven months after he terminates his service on ADI Global Distribution Inc.’s board of directors, according to the grant terms.