Box (NYSE: BOX) COO receives 72,832 performance-based RSUs in new grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Nottebohm Olivia reported acquisition or exercise transactions in this Form 4 filing.
BOX Inc Chief Operating Officer Olivia Nottebohm reported an equity compensation grant of 72,832 shares of Class A Common Stock. The award reflects achievement of performance criteria under performance-based restricted stock units granted on April 15, 2025.
One-third of these PSUs will vest on April 2, 2026, with the remaining two-thirds vesting in equal annual installments over the following two years, as long as she remains in continuous service through each vesting date. After this award, she directly holds 538,051 shares, including certain shares represented by restricted stock units, each RSU corresponding to one share of common stock upon vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Nottebohm Olivia
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 72,832 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 538,051 shares (Direct)
Footnotes (1)
- This award represents the achievement of performance criteria under performance-based restricted stock units ("PSUs") granted on April 15, 2025. One-third of these PSUs shall vest on April 2, 2026 and the remaining two-thirds shall vest annually thereafter for the next two years, subject to the Reporting Person's continuous service through each vesting date. Certain of these shares are represented by restricted stock units ("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.
FAQ
What did BOX (BOX) COO Olivia Nottebohm report in this Form 4 filing?
COO Olivia Nottebohm reported receiving a grant of 72,832 shares of BOX Class A Common Stock as equity compensation. The award was tied to performance-based restricted stock units with a multi-year vesting schedule contingent on her continued service at the company.
What is the vesting schedule for Olivia Nottebohm’s 72,832 BOX performance-based RSUs?
The 72,832 performance-based RSUs vest over three years. One-third vests on April 2, 2026, and the remaining two-thirds vest in equal annual installments over the next two years, provided she maintains continuous service with BOX through each vesting date.