Agilysys (AGYS) director receives 1,424 RSUs vesting in 2027
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
JONES JERRY C reported acquisition or exercise transactions in this Form 4 filing.
Agilysys Inc. director Jerry C. Jones received a grant of 1,424 restricted stock units (RSUs). These RSUs were awarded under the Agilysys, Inc. 2024 Equity Incentive Plan and each unit represents a contingent right to receive one share of Agilysys common stock.
The RSUs vest on May 27, 2027, meaning Jones will receive the underlying shares only if the vesting conditions are satisfied and he remains eligible through that date. Following this award, his reported direct holdings from this grant total 1,424 RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
JONES JERRY C
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Retricted Stock Units | 1,424 | $0.00 | -- |
Holdings After Transaction:
Retricted Stock Units — 1,424 shares (Direct, null)
Footnotes (1)
- Restricted stock units granted under the Agilysys, Inc. 2024 Equity Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of common stock of Agilysys, Inc. The restricted stock units vest on May 27, 2027.
Key Figures
RSUs granted: 1,424 units
Underlying common shares: 1,424 shares
Transaction price per RSU: $0.00
+2 more
5 metrics
RSUs granted
1,424 units
Restricted stock units awarded to director Jerry C. Jones
Underlying common shares
1,424 shares
Each RSU represents one share of Agilysys common stock
Transaction price per RSU
$0.00
Compensatory grant, not an open-market purchase
Holdings after award
1,424 RSUs
Total direct RSUs reported following this transaction
Vesting date
May 27, 2027
Date when the 1,424 RSUs are scheduled to vest
Key Terms
Restricted stock units, 2024 Equity Incentive Plan, contingent right, vest
4 terms
Restricted stock units financial
"Restricted stock units granted under the Agilysys, Inc. 2024 Equity Incentive Plan."
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.
2024 Equity Incentive Plan financial
"Restricted stock units granted under the Agilysys, Inc. 2024 Equity Incentive Plan."
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of common stock."
vest financial
"The restricted stock units vest on May 27, 2027."
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.
FAQ
What insider transaction did AGILYSYS INC (AGYS) report for Jerry C. Jones?
AGILYSYS INC reported that director Jerry C. Jones received a grant of 1,424 restricted stock units. These RSUs are a form of equity compensation that can convert into common shares if vesting conditions are met over time.
How many restricted stock units were granted to the AGYS director in this Form 4?
The director was granted 1,424 restricted stock units. Each unit represents a contingent right to receive one share of Agilysys common stock, so this award can translate into 1,424 shares if all vesting conditions are satisfied.
When do the 1,424 restricted stock units for AGYS director Jerry C. Jones vest?
The 1,424 restricted stock units vest on May 27, 2027. Vesting means the director becomes entitled to receive the underlying common shares at that time, assuming he continues to meet the plan’s service and eligibility conditions.
Under which plan were the new AGILYSYS INC (AGYS) restricted stock units granted?
The restricted stock units were granted under the Agilysys, Inc. 2024 Equity Incentive Plan. This plan authorizes the company to award equity-based compensation, such as RSUs, to directors and other participants to align their interests with shareholders.
What does each AGYS restricted stock unit granted to Jerry C. Jones represent?
Each restricted stock unit represents a contingent right to receive one share of Agilysys common stock. The units themselves are not shares until they vest; once vested, they can be settled in shares according to the plan’s terms.
Did the AGYS director pay a purchase price for the 1,424 restricted stock units?
The Form 4 shows a transaction price per unit of $0.00, indicating this was a compensatory grant rather than an open-market purchase. The value comes from potential future conversion into common stock if the RSUs vest.