Blue Bird director granted 2,297 RSUs
Hightower Edward T. reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Hightower Edward T. reported acquisition or exercise transactions in this Form 4 filing.
Blue Bird Corp director Edward T. Hightower received an equity award of 2,297 restricted stock units (RSUs). Each RSU represents a right to receive one share of Blue Bird common stock if vesting conditions are met. Following this grant, he holds 6,396 shares directly.
The RSUs are scheduled to vest on March 31, 2027. They will vest earlier in full if there is a change in control of the company or if his service ends due to death, disability, or completion of his term as a director. Shares will be delivered after vesting upon meeting the company’s minimum stock ownership guidelines, termination of service as a director, or a change in control event.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.0001 per share | 2,297 | $0.00 | $0.00 |
Footnotes (2)
- F1. The award represents a grant of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of the common stock of Blue Bird Corporation.
- F2. The RSUs will vest on March 31, 2027; provided, however, that such RSUs will vest in full upon the occurrence of a "change in control" of the Company or if the reporting person's service terminates due to death, disability or due to completion of the reporting person's term of office as a director. Shares of common stock will be issued in settlement of the RSUs upon vesting and the earlier of the reporting person's compliance with the Company's applicable minimum stock ownership guidelines, termination of service as a director or a change in control event.
Key Figures
Key Terms
restricted stock units ("RSUs") financial
change in control financial
minimum stock ownership guidelines financial
FAQ
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