ADI Global director granted 5,825 deferred stock units
Galvin William reported acquisition or exercise transactions in this Form 4 filing.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Restricted Stock Units F1, F2 | 5,825 | $0.00 | $0.00 |
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
Key Terms
Deferred Restricted Stock Units financial
contingent right financial
vest financial
settled financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did ADIG director William Galvin report on this Form 4?
How many ADIG Deferred Restricted Stock Units does William Galvin hold after this transaction?
When do William Galvin’s 5,825 ADIG Deferred Restricted Stock Units vest?
What does each ADIG Deferred Restricted Stock Unit represent for William Galvin?
When will William Galvin’s vested ADIG Deferred Restricted Stock Units be settled?
AI-generated analysis. How Rhea-AI works. Not financial advice.