Agilysys (AGYS) director awarded 1,424 restricted stock units vesting in 2027
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Jones Dana Sue reported acquisition or exercise transactions in this Form 4 filing.
AGILYSYS INC director Dana Sue Jones received a grant of 1,424 restricted stock units. These RSUs were awarded under the Agilysys, Inc. 2024 Equity Incentive Plan and each unit represents one share of common stock. The units vest on May 27, 2027, aligning compensation with longer-term company performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Jones Dana Sue
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 1,424 | $0.00 | -- |
Holdings After Transaction:
Restricted 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 restricted stock units
RSU price: $0.00 per unit
Post-transaction RSU holdings: 1,424 restricted stock units
+1 more
4 metrics
RSUs granted
1,424 restricted stock units
Grant to director Dana Sue Jones on May 27, 2026
RSU price
$0.00 per unit
Reported acquisition price for RSU grant
Post-transaction RSU holdings
1,424 restricted stock units
Total derivative holdings following reported transaction
RSU vesting date
May 27, 2027
Vesting date for granted restricted stock units
Key Terms
Restricted Stock Units, 2024 Equity Incentive Plan, vest
3 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."
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 did AGILYSYS INC (AGYS) director Dana Sue Jones report on this Form 4?
Director Dana Sue Jones reported receiving 1,424 restricted stock units as equity compensation. The award was granted under the Agilysys, Inc. 2024 Equity Incentive Plan and increases her derivative holdings tied to the company’s common stock.
How many restricted stock units did the AGYS director receive in this grant?
The director received 1,424 restricted stock units with a reported acquisition price of $0.00 per unit. Each restricted stock unit represents a contingent right to receive one share of Agilysys, Inc. common stock, subject to vesting conditions described in the filing.
When do the newly granted AGILYSYS INC restricted stock units vest?
The restricted stock units granted to the director vest on May 27, 2027. Vesting means the director’s right to receive the corresponding common shares becomes non-forfeitable as of that date, assuming any applicable service or other conditions are satisfied.
What does each AGYS restricted stock unit represent for the director?
Each restricted stock unit represents a contingent right to receive one share of Agilysys, Inc. common stock. The director does not receive shares immediately; instead, shares are delivered when vesting conditions are met on the specified vesting date.
How many derivative securities does the AGYS director hold after this Form 4 transaction?
Following this transaction, the director is reported as holding 1,424 restricted stock units. These units are derivative securities tied to Agilysys, Inc. common stock and will convert into shares if and when they vest on the stated vesting date.