Better Home & Finance (BETR) awards director 6,090 Class A RSUs
Rhea-AI Filing Summary
Farello Michael J. reported acquisition or exercise transactions in this Form 4 filing.
Better Home & Finance Holding Co director Michael J. Farello reported an award of 6,090 Restricted Stock Units (Class A). Each unit represents a contingent right to receive one share of Class A common stock. These restricted stock units will vest on the business day immediately preceding the company's next annual meeting of stockholders, and following this grant he holds 6,090 units directly.
Positive
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Negative
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Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Farello Michael J.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units (Class A) F1, F2 | 6,090 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units (Class A) — 6,090 shares (Direct)
Footnotes (2)
- F1. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A common stock.
- F2. The restricted stock units will vest on the business day immediately preceding the Issuer's next annual meeting of stockholders.
Key Figures
Restricted Stock Units granted: 6,090.0000 units
Underlying Class A shares: 6,090.0000 shares
Transaction price per unit: $0.0000 per unit
+1 more
4 metrics
Restricted Stock Units granted
6,090.0000 units
Grant of Restricted Stock Units (Class A) to director Michael J. Farello
Underlying Class A shares
6,090.0000 shares
Each restricted stock unit represents one share of Class A common stock
Transaction price per unit
$0.0000 per unit
Reported price for the RSU grant transaction
Holdings after transaction
6,090.0000 units
Total Restricted Stock Units (Class A) held directly following the award
Key Terms
Restricted Stock Units, Class A common stock, annual meeting of stockholders
3 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share"
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.
Class A common stock financial
"one share of the Issuer's Class A common stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
annual meeting of stockholders financial
"vest on the business day immediately preceding the Issuer's next annual meeting"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did BETR director Michael J. Farello report?
Michael J. Farello reported an award of 6,090 Restricted Stock Units (Class A). The RSUs are a derivative security that can settle in shares of Class A common stock once vesting conditions are met.
How many restricted stock units did Michael J. Farello receive in this BETR Form 4?
He received 6,090 Restricted Stock Units (Class A). After the award, his reported direct holdings in this RSU award total 6,090 units, each linked to one share of Class A common stock upon settlement.
What does each BETR restricted stock unit reported by Farello represent?
Each restricted stock unit represents a contingent right to receive one share of Better Home & Finance Holding Co Class A common stock, subject to the vesting schedule described in the filing's footnotes.
When will Michael J. Farello’s BETR restricted stock units vest?
The restricted stock units will vest on the business day immediately preceding Better Home & Finance Holding Co's next annual meeting of stockholders, according to the disclosure footnote.
Are Michael J. Farello’s BETR restricted stock units held directly or indirectly?
The filing shows the ownership type as direct for the 6,090 Restricted Stock Units (Class A). No intermediary entity or indirect ownership structure is indicated in the transaction details.
Was the BETR Form 4 transaction by Farello marked as under a Rule 10b5-1 plan?
The Rule 10b5-1 checkbox is not marked as affirmed in this Form 4. The filing does not indicate that this particular RSU grant was executed under a pre-arranged trading plan.