Arqit Quantum (ARQQ) CFO receives 5,202 RSUs with multi-year vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Arqit Quantum Inc.’s Chief Financial Officer, Russell Robert Michael, received a grant of 5,202 Restricted Stock Units. Each RSU converts into one ordinary share of ARQQ at no exercise price. According to the footnote, these RSUs vest over nine quarters, starting with one-third on 1 April 2027 and the remainder in equal installments over eight subsequent quarters.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Russell Robert Michael
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 5,202 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 5,202 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSUs granted: 5,202 units
Conversion ratio: 1 RSU : 1 ordinary share
Exercise price: $0.00 per RSU
+3 more
6 metrics
RSUs granted
5,202 units
Restricted Stock Units granted to CFO on 1 April 2026
Conversion ratio
1 RSU : 1 ordinary share
RSUs convert into ARQQ ordinary shares on a one-for-one basis
Exercise price
$0.00 per RSU
No cash exercise price for RSU conversion
Total RSUs after grant
5,202 units
Total Restricted Stock Units held following this transaction
Vesting start
1 April 2027
One-third of RSUs vest on this date
Vesting schedule length
9 quarters
One-third first, remainder equally over eight additional quarters
Key Terms
Restricted Stock Units, RSUs, ordinary shares, grant, award, or other acquisition, +1 more
5 terms
Restricted Stock Units financial
"Russell Robert Michael received a grant of 5,202 Restricted Stock Units."
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.
RSUs financial
"Restricted Share Units ("RSUs") convert into ARQQ ordinary shares on a one-for-one basis."
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
vesting financial
"RSUs vest over nine quarters, one third on 1 April 2027 and then equally over eight quarters."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What insider transaction did Arqit Quantum (ARQQ) report for its CFO?
Arqit Quantum reported that its Chief Financial Officer, Russell Robert Michael, received a grant of 5,202 Restricted Stock Units. These units are a form of equity compensation that can convert into ordinary shares of ARQQ based on a defined vesting schedule.
How many Restricted Stock Units were granted to the ARQQ CFO?
The ARQQ Chief Financial Officer was granted 5,202 Restricted Stock Units. This award represents potential future ownership of 5,202 ordinary shares, subject to the vesting conditions described in the filing’s footnote and continued service or other applicable requirements.
When do the granted RSUs for Arqit Quantum’s CFO start vesting?
The granted RSUs start vesting on 1 April 2027. One-third of the 5,202 units vests on that date, and the remaining units vest in equal installments over the following eight quarters, creating a nine-quarter vesting period overall.
Did the ARQQ CFO pay anything for the RSU grant reported in the Form 4?
The reported transaction price per RSU is zero, indicating no cash payment for the grant. This aligns with typical equity compensation awards, where executives receive RSUs as part of their compensation package rather than through an open-market purchase.
How many ARQQ RSUs does the CFO hold after this reported transaction?
After this RSU grant, the Chief Financial Officer holds 5,202 Restricted Stock Units according to the filing. This reflects the total derivative position from this specific award, which can convert into the same number of ordinary shares if vesting and settlement conditions are satisfied.