Mission Produce (AVO) director granted 8,240 restricted stock units as equity pay
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sims Michael B reported acquisition or exercise transactions in this Form 4 filing.
Mission Produce, Inc. director Michael B. Sims received an equity grant in the form of restricted stock units. He was awarded 8,240 RSUs of common stock at no cash purchase price, increasing his directly held equity-related position to 18,208 shares/units after the transaction.
Each RSU represents a contingent right to receive one share of common stock. The RSUs vest in full on the earlier of the one-year anniversary of the grant date or the next Annual Meeting following the grant date, provided he continues to serve through the vesting date. This is a routine, compensation-related award rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Sims Michael B
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | COMMON STOCK | 8,240 | $0.00 | -- |
Holdings After Transaction:
COMMON STOCK — 18,208 shares (Direct)
Footnotes (1)
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Key Figures
RSUs granted: 8,240 units
Total holdings after grant: 18,208 shares/units
Grant price per share: $0.00 per share
3 metrics
RSUs granted
8,240 units
Restricted stock units awarded to director Michael B. Sims
Total holdings after grant
18,208 shares/units
Direct ownership after RSU award
Grant price per share
$0.00 per share
Equity compensation, not an open-market purchase
Key Terms
restricted stock units (RSUs), Non-Employee Director Compensation Program, Annual Meeting
3 terms
restricted stock units (RSUs) financial
"Represents restricted stock units (RSUs) granted pursuant to the Non-Employee Director Compensation Program."
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
Non-Employee Director Compensation Program financial
"RSUs granted pursuant to the Non-Employee Director Compensation Program."
Annual Meeting financial
"the date of the next Annual Meeting following the grant date"
A company's annual meeting is a yearly gathering where owners (shareholders) and the board review performance, ask questions, and vote on key matters like electing directors, approving auditor choices, and sometimes setting pay or dividend policies. For investors it matters because decisions made and votes cast can change who runs the company, influence strategy and payouts, and affect the value or direction of their investment—similar to a homeowners’ meeting where rules and leaders that shape your property’s value are decided.
FAQ
What insider transaction did Mission Produce (AVO) report for Michael B. Sims?
Mission Produce reported that director Michael B. Sims received a grant of 8,240 restricted stock units (RSUs) of common stock. This was a compensation-related award at no cash purchase price, not an open-market stock purchase or sale.
What are the vesting terms for Michael B. Sims’ new RSUs at Mission Produce (AVO)?
The 8,240 RSUs granted to Michael B. Sims vest in full on the earlier of the one-year anniversary of the grant date or the date of the next Annual Meeting, provided he continues serving as a director through the vesting date.
Is Michael B. Sims’ Mission Produce (AVO) Form 4 transaction an open-market buy or sell?
No, the Form 4 shows a grant/award acquisition coded as “A,” not an open-market trade. The 8,240 RSUs were granted under the Non-Employee Director Compensation Program at a price of $0.00 per share as equity compensation.
What does each restricted stock unit (RSU) granted to Michael B. Sims at Mission Produce (AVO) represent?
Each RSU granted to Michael B. Sims represents a contingent right to receive one share of common stock. These RSUs convert into actual shares only if the specified vesting conditions, including continued service through the vesting date, are satisfied.