Broadridge director granted 206 deferred stock units
Nazareth Annette L. reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
Rhea-AI Filing Summary
Nazareth Annette L. reported acquisition or exercise transactions in this Form 4 filing.
Broadridge Financial Solutions director Annette L. Nazareth received a grant of 206 Deferred Stock Units, representing the same number of common shares, in lieu of cash director compensation. The units vest in full upon grant and will settle in Broadridge common stock after her separation from service, bringing her direct holdings to 9,575 shares.
Insider Trade Summary
Grant/Award: 206 shares
Grant/Award
1 txn
Insider
Nazareth Annette L.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 206 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 9,575 shares (Direct)
Footnotes (1)
- F1. The reported transaction reflects the grant of Deferred Stock Units under Broadridge's 2018 Omnibus Award Plan in connection with the director's deferral of cash compensation under the Director Deferred Compensation Program and represents a like number of shares of Broadridge common stock (the "DCUs"). The DCUs vest in full upon grant and will settle in shares of Broadridge common stock commencing with the director's separation from service with Broadridge.
Key Figures
Deferred Stock Units granted: 206 units
Transaction price per share: $0.00 per share
Shares held after transaction: 9,575 shares
3 metrics
Deferred Stock Units granted
206 units
Grant of DCUs in lieu of cash director compensation
Transaction price per share
$0.00 per share
Non-cash grant under compensation and award plans
Shares held after transaction
9,575 shares
Total direct holdings following grant
Key Terms
Deferred Stock Units, 2018 Omnibus Award Plan, Director Deferred Compensation Program, DCUs, +1 more
5 terms
Deferred Stock Units financial
"The reported transaction reflects the grant of Deferred Stock Units under Broadridge's 2018 Omnibus Award Plan"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
2018 Omnibus Award Plan financial
"The reported transaction reflects the grant of Deferred Stock Units under Broadridge's 2018 Omnibus Award Plan"
Director Deferred Compensation Program financial
"in connection with the director's deferral of cash compensation under the Director Deferred Compensation Program"
A director deferred compensation program is an arrangement that lets a company delay paying part of a board member’s fees or bonuses until a future date, often at retirement or after leaving the board. It matters to investors because it affects a company’s long‑term cash commitments and executive incentives—like a timed savings plan that can align directors’ decisions with the company’s future performance while creating future liabilities on the balance sheet.
DCUs financial
"represents a like number of shares of Broadridge common stock (the "DCUs")"
separation from service financial
"will settle in shares of Broadridge common stock commencing with the director's separation from service with Broadridge"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Broadridge (BR) director Annette L. Nazareth report on this Form 4?
Annette L. Nazareth reported receiving 206 Deferred Stock Units tied to Broadridge common stock. The grant reflects deferred cash compensation under the company’s director program and increases her directly held and deferred share-based position to a total of 9,575 shares.
Under what plan were the Broadridge (BR) Deferred Stock Units granted?
The Deferred Stock Units were granted under Broadridge’s 2018 Omnibus Award Plan. They were issued in connection with the Director Deferred Compensation Program, where the director chose to defer cash compensation into stock-based units instead of receiving immediate cash payments.
When do the Broadridge (BR) Deferred Stock Units vest and settle?
The Deferred Stock Units vest in full upon grant, meaning there is no waiting period for vesting. They will settle in shares of Broadridge common stock starting when the director separates from service with the company, aligning payout timing with her board departure.
What are the director’s Broadridge (BR) holdings after this Form 4 transaction?
Following this grant, Annette L. Nazareth holds 9,575 shares of Broadridge common stock directly, including the Deferred Stock Units. This figure reflects her position after the 206-unit award and provides context on the scale of this compensation-related transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.
