AdvanSix (ASIX) director granted 6,207 restricted stock units as equity pay
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Williams Patrick reported acquisition or exercise transactions in this Form 4 filing.
AdvanSix Inc. director Patrick Williams reported receiving a grant of 6,207 shares of common stock in the form of restricted stock units under the company’s 2016 Stock Incentive Plan. The award was granted at no cash cost and will vest in full on June 22, 2027.
Following this compensation-related grant, Williams holds 42,774 shares of AdvanSix common stock directly. This is a routine equity incentive award rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Williams Patrick
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.01 | 6,207 | $0.00 | -- |
Holdings After Transaction:
Common Stock, par value $0.01 — 42,774 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant: 6,207 shares
Post-grant holdings: 42,774 shares
Vesting date: June 22, 2027
3 metrics
RSU grant
6,207 shares
Restricted stock units granted June 22, 2026
Post-grant holdings
42,774 shares
Total common stock held after transaction
Vesting date
June 22, 2027
RSUs vest in full on this date
Key Terms
restricted stock units, 2016 Stock Incentive Plan, grant, award, or other acquisition
3 terms
restricted stock units financial
"Grant of restricted stock units pursuant to the 2016 Stock 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.
2016 Stock Incentive Plan financial
"pursuant to the 2016 Stock Incentive Plan of AdvanSix Inc. and its Affiliates"
grant, award, or other acquisition financial
"transaction code description: Grant, award, or other acquisition"
FAQ
What insider transaction did AdvanSix (ASIX) report for Patrick Williams?
AdvanSix reported that director Patrick Williams received a grant of 6,207 restricted stock units. The award was issued under the company’s 2016 Stock Incentive Plan as equity compensation, not through an open-market purchase or sale of shares.
What are the terms of Patrick Williams’ restricted stock unit grant at AdvanSix (ASIX)?
Patrick Williams received 6,207 restricted stock units that will vest in full on June 22, 2027. The grant was made under the 2016 Stock Incentive Plan, providing equity-based compensation without any cash purchase price per share disclosed.
Was the AdvanSix (ASIX) Form 4 transaction an open-market trade?
No, the Form 4 shows a grant coded as an acquisition by award, not an open-market trade. The 6,207 shares were granted as restricted stock units under the company’s equity plan, indicating compensation rather than buying or selling on the market.
Under which plan were the AdvanSix (ASIX) restricted stock units granted to Patrick Williams?
The restricted stock units were granted under the 2016 Stock Incentive Plan of AdvanSix Inc. and its Affiliates, as Amended and Restated. This plan governs equity awards such as restricted stock units used for director and employee compensation.