Ambarella (AMBA) VP Chen gains RSU bonus and vested performance shares
Rhea-AI Filing Summary
Chen Yun-Lung reported acquisition or exercise transactions in this Form 4 filing.
Ambarella Inc. VP Yun-Lung Chen reported equity awards and a performance-based vesting, with no open-market buying or selling. Chen received 2,849 fully vested restricted stock units as payment of his annual bonus under Ambarella’s Fiscal Year 2026 Annual Bonus Plan.
A separate performance-based RSU award granted on April 3, 2023 vested into 4,651 Ordinary Shares after the company’s total stockholder return and revenue growth from February 1, 2023 through January 31, 2026 met the target level, resulting in 100% of the target RSU number vesting. Following these transactions, Chen directly holds 76,371 Ordinary Shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Ordinary Shares | 2,849 | $0.00 | -- |
| Exercise | Performance Stock Units | 4,651 | $0.00 | -- |
| Exercise | Ordinary Shares | 4,651 | $0.00 | -- |
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of Ambarella, Inc. Ordinary Shares. Represents an award of fully-vested restricted stock units (RSUs) issued to reporting person as payment of reporting person's annual bonus under the company's previously established Fiscal Year 2026 Annual Bonus Plan. Each restricted stock unit represents a contingent right to receive one Ordinary Share. On April 3, 2023, reporting person was granted a performance-based RSU award covering a target number of ordinary shares (the "Target RSU Number"). Pursuant to time-based vesting requirements, the award would vest in full on March 15, 2026. In addition, the number of shares subject to the award could be decreased by up to 100% or increased by up to 150% of the Target RSU Number, based on attainment of specified levels of the Company's total stockholder return and revenue growth over the period of February 1, 2023 through January 31, 2026 (the "TSR Period"). As a result of the Company's performance over the TSR Period, the number of shares that vested was 100% of the Target RSU Number.
FAQ
What insider transactions did Ambarella (AMBA) executive Yun-Lung Chen report?
Were Yun-Lung Chen’s Ambarella (AMBA) Form 4 transactions open-market buys or sells?
What triggered the vesting of Yun-Lung Chen’s performance stock units at Ambarella (AMBA)?
How was Yun-Lung Chen’s annual bonus paid according to the Ambarella (AMBA) Form 4?
What happened to Yun-Lung Chen’s performance stock units in the Ambarella (AMBA) filing?