AvidXchange Board Member Gets $0 Cost Stock Grant Worth Thousands
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
AvidXchange Holdings Director James Michael McGuire received a grant of 18,916 restricted stock units (RSUs) on June 26, 2025. The RSUs were awarded at a price of $0.00 per unit, bringing McGuire's total direct common stock ownership to 84,620 shares.
The RSUs are subject to vesting conditions and will vest upon the earlier of:
- The first anniversary of the grant date
- The next annual stockholder meeting
Vesting is contingent on McGuire's continued service on the company's board of directors. Each RSU represents the right to receive one share of common stock upon vesting. The transaction was reported via Form 4 filing and executed under standard compensation arrangements for board members.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
McGuire James Michael
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 18,916 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 84,620 shares (Direct)
Footnotes (1)
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FAQ
How many AVDX restricted stock units (RSUs) did James Michael McGuire receive on June 26, 2025?
James Michael McGuire received 18,916 restricted stock units (RSUs) of AvidXchange Holdings, Inc. (AVDX) on June 26, 2025, with a reported acquisition price of $0.00 per unit.
What is the vesting schedule for AVDX director McGuire's June 2025 RSU grant?
The RSUs will vest on the earlier of: (A) the first anniversary of the grant date, or (B) the next annual meeting of AVDX stockholders, subject to McGuire's continued service on the board of directors through the vesting date.
What position does James Michael McGuire hold at AVDX according to the Form 4?
According to the Form 4 filing, James Michael McGuire serves as a Director of AvidXchange Holdings, Inc. (AVDX), as indicated by the 'X' marked in the Director box under the Relationship of Reporting Person(s) to Issuer section.