Affirm president Michael Linford granted 67K RSUs
Affirm granted its president 67,006 RSUs vesting quarterly over three years, increasing his direct Class A share holdings to 127,770.
Rhea-AI Filing Summary
Affirm Holdings, Inc. (symbol: AFRM) is the issuer of record for a Form 4 filing submitted to the SEC. Linford Michael reported acquisition or exercise transactions in this Form 4 filing.
Affirm Holdings, Inc. (AFRM) reported that President Michael Linford received a grant of 67,006 Restricted Stock Units (RSUs) on September 16, 2026, each representing one share of Class A Common Stock. These RSUs vest in equal quarterly installments over three years starting December 1, 2026, subject to continued employment. Following this award, Linford holds 127,770 shares of Class A Common Stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 67,006 shares
Grant/Award
2 txns
Insider
Linford Michael
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F1, F2 | 67,006 | $0.00 | $0.00 |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 67,006 contracts (Direct);
Class A Common Stock — 127,770 shares (Direct)
Footnotes (2)
- F1. Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- F2. RSUs vest in equal quarterly installments for a period of three years beginning December 1, 2026, the vesting commencement date, subject to the Reporting Person's continued employment with the Issuer as of each vesting date.
Key Figures
RSUs granted: 67,006 units
RSU vesting period: 3 years
Vesting commencement date: December 1, 2026
+2 more
5 metrics
RSUs granted
67,006 units
Restricted Stock Units granted to President Michael Linford on September 16, 2026
RSU vesting period
3 years
RSUs vest in equal quarterly installments over three years beginning December 1, 2026
Vesting commencement date
December 1, 2026
Start of quarterly vesting for the 67,006 RSUs
Class A shares held after transaction
127,770 shares
Direct Class A Common Stock holdings reported for Michael Linford as of September 16, 2026
RSU-to-share ratio
1.0
Each RSU represents the right to receive one share of Class A Common Stock
Key Terms
Restricted Stock Units, Class A Common Stock, vesting commencement date
3 terms
Restricted Stock Units financial
"Each Restricted Stock Unit (RSU) represents a contingent right to receive one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Class A Common Stock financial
"one share of the Issuer's Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
vesting commencement date financial
"beginning December 1, 2026, the vesting commencement date"
The vesting commencement date is the starting point when an employee begins earning ownership rights to their promised benefits, such as stock options or retirement contributions. Think of it like the day a savings account is opened—only after this date do the benefits start to grow and become fully available over time. It matters to investors because it marks when the clock begins ticking toward full ownership, affecting the timing and value of these benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity award did AFRM grant to President Michael Linford?
Affirm granted Michael Linford 67,006 Restricted Stock Units (RSUs) on September 16, 2026. Each RSU represents a contingent right to receive one share of Affirm’s Class A Common Stock, subject to the vesting schedule and his continued employment.
How do the new RSUs for AFRM’s president vest?
The 67,006 RSUs vest in equal quarterly installments over three years, beginning on December 1, 2026. Vesting is conditioned on Michael Linford’s continued employment with Affirm as of each vesting date.
What does each RSU granted to AFRM’s president represent?
Each RSU represents a contingent right to receive one share of Affirm’s Class A Common Stock. Delivery of the underlying shares occurs as the RSUs vest under the specified schedule and employment conditions.
Was the AFRM president’s RSU grant under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not affirmed, and there is no footnote stating that the RSU grant was made pursuant to a Rule 10b5-1 or similar pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
