AvidXchange Director Receives 18,916 Restricted Stock Units as Board Compensation
AvidXchange Holdings Director James Michael McGuire received a grant of 18,916 restricted stock units (RSUs) on June 26, 2025.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 18,916 | $0.00 | $0.00 |
Footnotes (1)
- F1. Represents restricted stock units ("RSUs") which will vest on the first to occur of (A) the first anniversary of the date of grant or (B) the next occurring annual meeting of the Issuer's stockholders, subject to the Reporting Person's continuous service on the board of directors of the Issuer through such vesting date. Each RSU represents a contingent right to receive one share of common stock of the Issuer and the RSUs have no expiration date.
FAQ
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How many AVDX restricted stock units (RSUs) did James Michael McGuire receive on June 26, 2025?
What is the vesting schedule for AVDX director McGuire's June 2025 RSU grant?
What position does James Michael McGuire hold at AVDX according to the Form 4?
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