Affirm (AFRM) director Richard Galanti receives 655-share RSU equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GALANTI RICHARD A reported acquisition or exercise transactions in this Form 4 filing.
Affirm Holdings, Inc. director Richard A. Galanti reported receiving an equity award linked to 655 shares of Class A Common Stock. This award is a grant of Restricted Stock Units under the company’s Amended and Restated 2012 Stock Plan and represents compensation rather than an open-market trade.
According to the disclosure, the RSUs will vest in full on July 1, 2027. Each RSU gives a contingent right to receive one share of Class A Common Stock once vesting conditions are met. Following this grant, Galanti is shown as directly owning 12,355 shares of Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
GALANTI RICHARD A
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 655 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 12,355 shares (Direct, null)
Footnotes (1)
- Grant of Restricted Stock Units (RSUs) under the Issuer's Amended and Restated 2012 Stock Plan. The RSUs will vest in full on July 1, 2027. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
Key Figures
RSU grant size: 655 units
Post-grant holdings: 12,355 shares
Grant price: $0.0000 per share
+2 more
5 metrics
RSU grant size
655 units
Restricted Stock Units awarded to director Richard A. Galanti
Post-grant holdings
12,355 shares
Class A Common Stock directly owned after the transaction
Grant price
$0.0000 per share
Equity award granted at no cash cost to the director
Vesting date
July 1, 2027
Date when the RSUs will vest in full
RSU-to-share ratio
1 RSU : 1 share
Each RSU represents one share of Class A Common Stock
Key Terms
Restricted Stock Units (RSUs), Amended and Restated 2012 Stock Plan, Class A Common Stock, Grant, award, or other acquisition
4 terms
Restricted Stock Units (RSUs) financial
"Grant of Restricted Stock Units (RSUs) under the Issuer's Amended and Restated 2012 Stock Plan."
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
Amended and Restated 2012 Stock Plan financial
"Grant of Restricted Stock Units (RSUs) under the Issuer's Amended and Restated 2012 Stock Plan."
Class A Common Stock financial
"Each RSU represents a contingent right to receive 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.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What insider transaction did Affirm (AFRM) director Richard Galanti report?
Richard A. Galanti reported receiving a grant of 655 Restricted Stock Units tied to Affirm Class A Common Stock as compensation. This is a non-cash equity award under the company’s Amended and Restated 2012 Stock Plan, not an open-market stock purchase or sale.
When do Richard Galanti’s new Affirm (AFRM) RSUs vest?
The Restricted Stock Units granted to Richard A. Galanti are scheduled to vest in full on July 1, 2027. Vesting means the units convert into shares of Class A Common Stock, subject to any continuing service or other conditions in the stock plan documents.
Is Richard Galanti’s Form 4 transaction in Affirm (AFRM) a stock purchase or sale?
The Form 4 reports an acquisition coded as a grant or award, not a market trade. Galanti received 655 Restricted Stock Units as equity compensation with a zero-dollar grant price, rather than buying or selling existing Affirm Class A shares in the open market.