Beachbody director granted 9,182 deferred RSUs
Beachbody Company, Inc. director Michael Heller received a grant of 9,182 Deferred Restricted Stock Units as director compensation.
Rhea-AI Filing Summary
Beachbody Company, Inc. director Michael Heller received a grant of 9,182 Deferred Restricted Stock Units as director compensation. These units relate to an equal number of shares of Class A common stock and were awarded at no exercise or conversion price.
The deferred stock units vest on the earlier of the first anniversary of the grant date or the next annual shareholder meeting, subject to his continued service. Payment will occur within 45 days after the earliest of separation from service, death, disability, or a change in control, and may be settled partly or entirely in cash at the company’s election. Following this grant, Heller’s reported holdings of these deferred units total 9,182.
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Insider Trade Summary
Grant/Award: 9,182 shares
Grant/Award
1 txn
Insider
Heller Michael
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Restricted Stock Units | 9,182 | $0.00 | $0.00 |
Holdings After Transaction:
Deferred Restricted Stock Units — 9,182 contracts (Direct)
Footnotes (1)
- F1. Represents restricted stock units that have been deferred under our director Deferred Compensation Plan ("DSUs"). Payment of such DSUs (i) may be made in whole or in part in cash at the election of the Issuer, and (ii) shall occur within 45 days following the earliest to occur of the director's separation from service, death, disability or a change in control. The DSUs vest on the earlier to occur of (i) the first anniversary of the grant date and (ii) the date of the next annual meeting following the grant date, subject to continued service with the Company through such date. There is no expiration date for the DSUs.
Key Figures
Deferred RSU grant: 9,182 units
Total deferred units after grant: 9,182 units
Exercise/conversion price: $0.00 per unit
+3 more
6 metrics
Deferred RSU grant
9,182 units
Grant of Deferred Restricted Stock Units to director on June 2, 2026
Total deferred units after grant
9,182 units
Director’s reported holdings of Deferred Restricted Stock Units following transaction
Exercise/conversion price
$0.00 per unit
Deferred Restricted Stock Units awarded with no exercise or conversion price
Underlying shares
9,182 shares
Class A common stock underlying the Deferred Restricted Stock Units
Vesting trigger
1 year or next meeting
Vests on first anniversary of grant or next annual meeting, whichever occurs first
Payment timing
Within 45 days
After separation, death, disability, or change in control, per plan terms
Key Terms
Deferred Restricted Stock Units, Deferred Compensation Plan, change in control
3 terms
Deferred Restricted Stock Units financial
"Represents restricted stock units that have been deferred under our director Deferred Compensation Plan ("DSUs")."
Deferred restricted stock units are promises by a company to give employees or executives company shares at a future date, subject to conditions like continued employment or performance targets; the delivery and tax event are intentionally delayed. They matter to investors because they affect when new shares may be issued and how executives are motivated—like a paycheck held in escrow that vests over time, influencing potential share dilution and management behavior.
Deferred Compensation Plan financial
"Represents restricted stock units that have been deferred under our director Deferred Compensation Plan ("DSUs")."
A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.
change in control financial
"shall occur within 45 days following the earliest to occur of the director's separation from service, death, disability or a change in control."
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
FAQ
What did Beachbody (BODI) director Michael Heller receive in this Form 4?
Michael Heller received a grant of 9,182 Deferred Restricted Stock Units as director compensation. Each unit corresponds to one share of Beachbody Class A common stock and was awarded with no exercise price, increasing his reported deferred unit holdings to 9,182.
How do Michael Heller’s Deferred Restricted Stock Units in Beachbody (BODI) vest?
The Deferred Restricted Stock Units vest on the earlier of the first anniversary of the grant date or the next annual shareholder meeting. Vesting is conditioned on Heller’s continued service with Beachbody through that date, aligning his compensation with ongoing board tenure.
When will Beachbody (BODI) pay Michael Heller’s Deferred Restricted Stock Units?
Payment will occur within 45 days after the earliest of Heller’s separation from service, death, disability, or a change in control. The company may choose to settle these Deferred Restricted Stock Units in whole or in part in cash, according to the plan terms.
Are there expiration dates on Michael Heller’s Beachbody (BODI) Deferred Restricted Stock Units?
There is no expiration date on these Deferred Restricted Stock Units, according to the plan footnote. They remain outstanding until payment is made following a triggering event such as separation from service, death, disability, or a change in control under the plan.
Does Beachbody (BODI) have flexibility in how it settles Michael Heller’s Deferred Restricted Stock Units?
Yes. Beachbody may settle the Deferred Restricted Stock Units in whole or in part in cash at the issuer’s election. This flexibility applies when payment becomes due after events like separation from service, death, disability, or a change in control, within the specified 45-day window.
AI-generated analysis. How Rhea-AI works. Not financial advice.
