Amesite (AMST) director George Parmer awarded 9,023 deferred stock units in lieu of cash fees
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Parmer George reported acquisition or exercise transactions in this Form 4 filing.
Amesite Inc. director George Parmer received a grant of 9,023 restricted stock units as compensation. These RSUs were issued as deferred stock units in lieu of cash fees earned for serving as a director, with the number based on the closing share price on the last day of the quarter.
Each unit represents a right to receive one share of Amesite common stock or the cash equivalent. The deferred stock units or cash equivalent will be delivered after Parmer completes service on the board or upon an earlier change in control. Following this award, his directly held equity position reported in this filing totals 76,910 shares or share-equivalent units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Parmer George
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 9,023 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 76,910 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit ("RSU") represents a contingent right to receive one share of AMST common stock and/or the cash equivalent of such share. The reported securities were issued as "deferred stock units" in lieu of cash compensation earned for services as a director, and the number of deferred stock units received was calculated based on the closing share price on the last day of the quarter. The deferred stock units or cash equivalent will be issued to the reporting person upon completion of service as a member of the board of directors or, if earlier, a change in control.
Key Figures
RSUs granted: 9,023 units
Total holdings after grant: 76,910 shares/units
RSU share ratio: 1 unit : 1 share
+1 more
4 metrics
RSUs granted
9,023 units
Restricted stock units granted as deferred stock units for director fees
Total holdings after grant
76,910 shares/units
Directly held equity position following the award
RSU share ratio
1 unit : 1 share
Each RSU represents one Amesite common share or cash equivalent
RSU transaction price
$0.00 per unit
Grant price for restricted stock units reported in the filing
Key Terms
Restricted Stock Units, deferred stock units, change in control, cash equivalent
4 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.
deferred stock units financial
"The reported securities were issued as "deferred stock units" in lieu of cash compensation"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
change in control financial
"issued to the reporting person upon completion of service ... or, if earlier, a change in control"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
cash equivalent financial
"one share of AMST common stock and/or the cash equivalent of such share"
FAQ
What insider transaction did Amesite Inc. (AMST) report for George Parmer?
Amesite Inc. reported that director George Parmer received 9,023 restricted stock units as a grant. These units were awarded as deferred stock units instead of cash compensation for his board service, increasing his reported directly held equity position to 76,910 shares or share-equivalent units.
Was the Amesite (AMST) Form 4 transaction a stock purchase or sale?
The Form 4 transaction was not a market purchase or sale. It reflects a grant of 9,023 restricted stock units awarded as deferred stock units in lieu of cash director fees, rather than an open-market trade, and is categorized as a grant or award acquisition.
What do the Amesite (AMST) restricted stock units granted to George Parmer represent?
Each restricted stock unit represents a contingent right to receive one share of Amesite common stock or the cash equivalent. The units function as deferred stock units, delivering value in equity or cash instead of immediate cash fees for Parmer’s director services at the company.
How was the number of Amesite (AMST) deferred stock units for George Parmer determined?
The 9,023 deferred stock units were calculated based on the closing share price on the last day of the quarter. This conversion replaced cash compensation for George Parmer’s director services with an equivalent amount in deferred stock units tied to Amesite’s common stock.