Braze (BRZE) director granted 7,753 RSUs, lifting holdings to 28,055 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FERNANDEZ PHILLIP M reported acquisition or exercise transactions in this Form 4 filing.
Braze, Inc. director Phillip M. Fernandez received an equity award of 7,753 shares of Class A Common Stock in the form of restricted stock units. The grant was made at no cash cost per share and increases his direct holdings to 28,055 shares after the award.
The RSUs will vest in full on the earlier of June 30, 2027, or the date immediately preceding Braze’s 2027 annual meeting of stockholders, subject to his continuous service through the vesting date. Until vesting, 7,753 of the reported shares are represented by RSUs rather than fully vested stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
FERNANDEZ PHILLIP M
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 7,753 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 28,055 shares (Direct, null)
Footnotes (1)
- The reported securities represent a restricted stock unit ("RSU") award and shall vest on the earlier of (i) June 30, 2027, or (ii) the date immediately preceding the date of the Issuer's 2027 annual meeting of stockholders, in each case subject to the Reporting Person's continuous service on such vesting date. Of the reported shares, 7,753 shares are represented by restricted stock units.
Key Figures
RSU award size: 7,753 shares
Grant price per share: $0.00 per share
Shares owned after grant: 28,055 shares
+2 more
5 metrics
RSU award size
7,753 shares
Restricted stock unit grant of Class A Common Stock
Grant price per share
$0.00 per share
Equity compensation, no cash paid for RSUs
Shares owned after grant
28,055 shares
Total direct holdings following the RSU award
RSU vesting date trigger
Earlier of June 30, 2027 or pre-2027 meeting
Single-vesting date subject to continuous service
Shares represented by RSUs
7,753 shares
Portion of reported holdings still subject to vesting
Key Terms
restricted stock unit ("RSU"), vest, annual meeting of stockholders, continuous service, +1 more
5 terms
restricted stock unit ("RSU") financial
"The reported securities represent a restricted stock unit ("RSU") award and shall vest on the earlier of (i) June 30, 2027..."
vest financial
"The reported securities represent a restricted stock unit ("RSU") award and shall vest on the earlier of (i) June 30, 2027..."
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.
annual meeting of stockholders financial
"or (ii) the date immediately preceding the date of the Issuer's 2027 annual meeting of stockholders..."
continuous service financial
"in each case subject to the Reporting Person's continuous service on such vesting date."
restricted stock units financial
"Of the reported shares, 7,753 shares are represented by restricted stock units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
FAQ
What did Braze (BRZE) director Phillip M. Fernandez report in this Form 4?
He reported receiving 7,753 shares of Braze Class A Common Stock as a restricted stock unit award at no cash cost per share, increasing his direct holdings to 28,055 shares following the grant.
When do Phillip M. Fernandez’s new Braze (BRZE) RSUs vest?
The RSU award will vest on the earlier of June 30, 2027, or the date immediately preceding Braze’s 2027 annual meeting of stockholders, provided he continues serving through the selected vesting date.
What are Phillip M. Fernandez’s Braze (BRZE) holdings after this Form 4 transaction?
Following the RSU grant, he directly holds 28,055 shares of Braze Class A Common Stock. This total includes 7,753 shares represented by restricted stock units that remain subject to vesting conditions.