Amesite (AMST) director receives 9,023 deferred stock units as board pay
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
OMENN GILBERT S reported acquisition or exercise transactions in this Form 4 filing.
Amesite Inc. director Gilbert S. Omenn, through the Gilbert S. Omenn Revocable Trust, received a grant of 9,023 restricted stock units as compensation for board service. Each RSU represents a contingent right to one share of common stock or its cash equivalent, to be delivered after board service ends or upon a change in control. Following this award, indirect holdings reported for this trust total 83,806 shares underlying RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
OMENN GILBERT S
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 9,023 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 83,806 shares (Indirect, By Gilbert S. Omenn Revocable Trust)
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
Indirect holdings after grant: 83,806 shares
RSU to share ratio: 1 RSU : 1 share
3 metrics
RSUs granted
9,023 units
Restricted stock units granted for director board service
Indirect holdings after grant
83,806 shares
Total shares underlying RSUs held by revocable trust
RSU to share ratio
1 RSU : 1 share
Each RSU represents a contingent right to one share or cash equivalent
Key Terms
Restricted Stock Units, deferred stock units, change in control
3 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
"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
"will be issued 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.
FAQ
What insider transaction did Amesite Inc. (AMST) report for Gilbert S. Omenn?
Amesite reported that director Gilbert S. Omenn, via his revocable trust, received 9,023 restricted stock units as compensation. These units are a form of equity-based pay rather than cash, tied to his continued service on the company’s board of directors.
How many Amesite (AMST) restricted stock units were granted in this Form 4?
The Form 4 shows a grant of 9,023 restricted stock units linked to Amesite common stock. Each RSU represents a contingent right to receive one share or its cash equivalent, providing non-cash compensation for the director’s board service during the reported period.
When will the reported Amesite (AMST) deferred stock units be settled?
The deferred stock units will be settled in shares or cash when the director’s board service is completed, or earlier if there is a change in control. This means no immediate share issuance; settlement happens only at those specified future events.
Why did Amesite (AMST) issue deferred stock units instead of cash to the director?
The filing states the securities were issued as deferred stock units in lieu of cash compensation earned for board service. This structure replaces cash fees with equity-linked units, aligning director compensation with Amesite’s share performance over time.
How are the number of Amesite (AMST) deferred stock units calculated for the director?
The number of deferred stock units was calculated using Amesite’s closing share price on the last day of the quarter. This converts the director’s earned cash compensation into an equivalent number of RSU-style units based on that quarter-end market price.
What are the director’s total Amesite (AMST) indirect holdings after this Form 4 transaction?
After the reported grant, the revocable trust associated with the director holds 83,806 shares underlying restricted stock units. This figure represents the total indirect position reported in the filing, reflecting cumulative equity-based awards linked to Amesite common stock.