Asure CEO awarded 120,000 performance shares
Rhea-AI Filing Summary
Asure Software Chairman and CEO Patrick Goepel reported an equity award on Form 4. He acquired 120,000 shares of Asure Software common stock on a grant/award basis at a price of $0.00 per share, bringing his directly held stake to 1,527,622 shares after the transaction.
According to a footnote, the award represents the settlement of performance stock units granted on January 1, 2025. Of this award, 38.89% vests on the reported date, with the remainder vesting in equal monthly installments beginning on the first day of the calendar month after that date.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 120,000 shares
Net Buy
1 txn
Insider
Goepel Patrick
Role
Chairman & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Asure Software, Inc. Common Stock ($0.01 par value) | 120,000 | $0.00 | $0.00 |
Holdings After Transaction:
Asure Software, Inc. Common Stock ($0.01 par value) — 1,527,622 shares (Direct)
Footnotes (1)
- F1. Represents the settlement of performance stock units awarded as payment for the achievement of performance metrics granted on January 1, 2025, of which 38.89% vest on the date hereof, with the remainder vesting in equal monthly installments beginning on the first day of the calendar month after the date hereof, as described in the Issuer's proxy statement for the 2025 annual meeting of shareholders.
FAQ
What did Asure Software (ASUR) report in this Form 4 filing?
Asure Software reported that Chairman and CEO Patrick Goepel received an equity grant of 120,000 common shares. The shares were awarded at $0.00 per share as settlement of performance stock units tied to previously established performance metrics.
How do the performance stock units for Asure Software (ASUR) vest in this award?
The performance stock units convert into shares with 38.89% vesting on the transaction date. The remaining portion vests in equal monthly installments starting on the first day of the calendar month following the grant’s settlement date.
Does this Asure Software (ASUR) Form 4 indicate a buy or sell transaction?
This Form 4 indicates an acquisition through a grant or award, not a sale. The transaction code is “A,” and it reflects settlement of performance stock units into 120,000 common shares awarded to Patrick Goepel.
AI-generated analysis. How Rhea-AI works. Not financial advice.