Box (NYSE: BOX) CFO Dylan Smith receives 87,500-share RSU equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BOX INC Chief Financial Officer Dylan C. Smith received a grant of 87,500 shares of Class A Common Stock in the form of restricted stock units. These RSUs vest quarterly over four years, conditional on his continued service with the company. Following this equity award, Smith directly holds 1,402,471 shares of Box common stock, some of which are represented by time-based and performance-based RSUs that each convert into one share of common stock upon vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Smith Dylan C
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 87,500 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 1,402,471 shares (Direct)
Footnotes (1)
- Represents Restricted Stock Units ("RSUs") that shall vest quarterly over four years, subject to the Reporting Person's continuous service through each vesting date. Certain of these shares are represented by time-based and performance-based 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.
Key Figures
RSU grant size: 87,500 shares
Post-transaction holdings: 1,402,471 shares
Grant price per share: $0.0000 per share
+1 more
4 metrics
RSU grant size
87,500 shares
Restricted stock units granted to CFO on April 15, 2026
Post-transaction holdings
1,402,471 shares
Total Class A Common Stock held directly after grant
Grant price per share
$0.0000 per share
Form 4 price field for RSU grant
Vesting schedule
Quarterly over four years
RSUs vest subject to continuous service through each vesting date
Key Terms
Restricted Stock Units ("RSUs"), performance-based restricted stock units, time-based restricted stock units, grant, award, or other acquisition
4 terms
Restricted Stock Units ("RSUs") financial
"Represents Restricted Stock Units ("RSUs") that shall vest quarterly over four years"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
performance-based restricted stock units financial
"Certain of these shares are represented by time-based and performance-based restricted stock units"
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
time-based restricted stock units financial
"Certain of these shares are represented by time-based and performance-based restricted stock units"
Time-based restricted stock units are a form of employee compensation where individuals are granted company shares that are earned over a set period, often as a reward for staying with the company. These shares typically become fully owned and transferable only after passing specific time milestones, encouraging long-term commitment. For investors, they highlight a company's focus on employee retention and can influence future stock supply and company stability.
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"