Director at Barnes & Noble Education (NYSE: BNED) awarded 23,867 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Madnani Sean V reported acquisition or exercise transactions in this Form 4 filing.
Barnes & Noble Education, Inc. director Sean V. Madnani received a grant of 23,867 restricted stock units (RSUs), each representing one share of common stock.
The RSUs vest on the earlier of one year from grant or the next annual stockholders meeting, and settlement has been deferred. Following this award, he holds 51,738 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Madnani Sean V
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 23,867 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 51,738 shares (Direct)
Footnotes (1)
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FAQ
What did BNED director Sean V. Madnani receive in this Form 4 filing?
Sean V. Madnani received a grant of 23,867 restricted stock units (RSUs), each equal to one share of Barnes & Noble Education common stock. This is a compensation-related equity award, not an open-market purchase or sale, and increases his direct equity-based position.
How and when do the 23,867 BNED RSUs for Sean Madnani vest?
The 23,867 BNED RSUs vest on the earlier of one year from the grant date or the company’s next annual meeting of stockholders. Vesting means the RSUs become earned, but actual share delivery will occur later due to the director’s deferral election.
How are the BNED RSUs for Sean Madnani settled after vesting?
Although the RSUs vest within about a year or at the next annual meeting, Sean Madnani has elected to defer settlement. This means he will receive the underlying BNED common shares on a later date specified in his applicable deferral election, not immediately at vesting.