Box Inc (NYSE: BOX) director granted 8,372 RSUs in annual equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BOX Inc director Daniel J. Levin received an equity grant of 8,372 restricted stock units (RSUs) of Class A Common Stock. The award was granted at no cash cost to him as part of the company’s Outside Director Compensation Policy.
Each RSU converts into one share upon settlement. All 8,372 RSUs will vest 100% on the earlier of June 25, 2027 or the date of Box’s next annual meeting of stockholders, assuming continued service. After this grant, Levin holds a total of 66,060 shares, including shares represented by RSUs, reflecting routine director compensation rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
LEVIN DANIEL J
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 8,372 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 66,060 shares (Direct, null)
Footnotes (1)
- Represents an annual restricted stock unit ("RSU") award pursuant to the Issuer's Outside Director Compensation Policy. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. 100% of the RSUs will vest on the earlier of (i) twelve months from date of grant (i.e. June 25, 2027) or (ii) the date of the Issuer's next annual meeting of stockholders. Certain of these shares are represented by RSUs. Each RSU represents the Reporting Person's right to receive one share of Common Stock of the Issuer subject to the applicable vesting schedule and the Reporting Person's continuous service through each such date.
Key Figures
RSU grant size: 8,372 RSUs
Grant price per share: $0.00 per share
Total shares after grant: 66,060 shares
+1 more
4 metrics
RSU grant size
8,372 RSUs
Annual equity award to director Daniel J. Levin on June 25, 2026
Grant price per share
$0.00 per share
Non-cash restricted stock unit award
Total shares after grant
66,060 shares
Levin’s direct holdings following the RSU award
Vesting date
June 25, 2027
100% vesting or earlier at next annual stockholder meeting
Key Terms
restricted stock unit ("RSU"), Outside Director Compensation Policy, vest, continuous service
4 terms
restricted stock unit ("RSU") financial
"Represents an annual restricted stock unit ("RSU") award pursuant to the Issuer's Outside Director Compensation Policy."
Outside Director Compensation Policy financial
"Represents an annual restricted stock unit ("RSU") award pursuant to the Issuer's Outside Director Compensation Policy."
vest financial
"100% of the RSUs will vest on the earlier of (i) twelve months from date of grant (i.e. June 25, 2027) or (ii) the date of the Issuer's next annual meeting of stockholders."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
continuous service financial
"subject to the applicable vesting schedule and the Reporting Person's continuous service through each such date."
FAQ
What did Box (BOX) director Daniel J. Levin report in this Form 4?
Daniel J. Levin reported receiving 8,372 restricted stock units of Box Class A Common Stock as an annual director equity award. These RSUs were granted at no cash cost and form part of his routine non-cash compensation for board service.
When do Daniel J. Levin’s new Box (BOX) RSUs vest?
All 8,372 RSUs vest 100% on the earlier of June 25, 2027 or the date of Box’s next annual meeting of stockholders. Vesting is contingent on Levin’s continuous service as a director through the applicable vesting date.
What does each RSU granted to the Box (BOX) director represent?
Each RSU represents a contingent right to receive one share of Box’s Class A Common Stock upon settlement. The award is part of the Outside Director Compensation Policy and delivers stock, not cash, once vesting conditions are met.
Was this Box (BOX) Form 4 transaction an open-market buy or sell?
No, the transaction was coded as an “A” grant, meaning a stock award rather than an open-market trade. Levin acquired 8,372 RSUs as compensation, with no purchase price paid and no shares sold in the reported transaction.