Box (BOX) director Jack R. Lazar receives 8,372 RSU equity grant under board plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BOX INC director Jack R. Lazar received a grant of 8,372 restricted stock units (RSUs) of Class A Common Stock as board compensation. The award was made under the company’s Outside Director Compensation Policy and carries no cash exercise price.
Each RSU represents the right to receive one share of Class A Common Stock upon settlement. All of the RSUs will vest on the earlier of twelve months from the grant date, June 25, 2027, or the date of Box’s next annual meeting of stockholders, assuming continuous service. Following this grant, Lazar directly holds 33,727 shares, including shares represented by RSUs subject to their vesting schedules.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
LAZAR JACK R
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 8,372 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 33,727 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: 8,372 RSUs
Shares held after grant: 33,727 shares
Grant price: $0.00 per share
+1 more
4 metrics
RSU grant
8,372 RSUs
Annual award on June 25, 2026
Shares held after grant
33,727 shares
Direct holdings following RSU award
Grant price
$0.00 per share
Compensation grant, no cash exercise price
Vesting date
June 25, 2027
100% vesting or earlier next annual meeting
Key Terms
restricted stock unit ("RSU"), Outside Director Compensation Policy, annual meeting of stockholders, 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."
annual meeting of stockholders financial
"100% of the RSUs will vest on the earlier of (i) twelve months from date of grant ... or (ii) the date of the Issuer's next annual meeting of stockholders."
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 Jack R. Lazar report in this Form 4?
Jack R. Lazar reported receiving 8,372 restricted stock units (RSUs) of Box Class A Common Stock. The award is part of Box’s Outside Director Compensation Policy and increases his direct holdings to 33,727 shares, including shares represented by unvested RSUs.
Is the Box (BOX) director RSU award an open-market stock purchase or sale?
The award is not an open-market transaction; it is a compensation grant. Lazar received 8,372 RSUs at no cash cost, reflecting a board equity award rather than a discretionary buy or sell in the market.
When do Jack R. Lazar’s new Box (BOX) RSUs vest?
All 8,372 RSUs will vest on the earlier of twelve months from the grant date, June 25, 2027, or the date of Box’s next annual stockholder meeting, provided Lazar continues to serve through the applicable vesting date.
What does each Box (BOX) restricted stock unit (RSU) represent for Jack R. Lazar?
Each RSU represents a contingent right to receive one share of Box Class A Common Stock upon settlement. Settlement depends on the vesting schedule and Lazar’s continuous service through the required vesting date under the company’s plans.