Director Greg M. Schwartz receives 7,339 RSUs at CarGurus (NASDAQ: CARG)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Schwartz Greg M reported acquisition or exercise transactions in this Form 4 filing.
CarGurus, Inc. director Greg M. Schwartz received an equity award in the form of 7,339 shares of Class A common stock via restricted stock units (RSUs). This grant was reported at a price of $0.00 per share, reflecting a compensation award rather than a market purchase.
After this grant, Schwartz directly holds 18,716 shares of Class A common stock. Each RSU represents a right to receive one share, with 100% of the RSUs scheduled to vest on the first anniversary of the grant date, provided he continues serving as a director. Vesting may be accelerated in connection with a Change in Control under the company’s Omnibus Incentive Compensation Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Schwartz Greg M
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 7,339 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 18,716 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 7,339 shares
Price per share: $0.00 per share
Total holdings after grant: 18,716 shares
+1 more
4 metrics
RSU grant size
7,339 shares
Class A Common Stock RSUs granted to director
Price per share
$0.00 per share
Reported for RSU grant transaction
Total holdings after grant
18,716 shares
Director’s Class A Common Stock after transaction
Vesting schedule
100% after one year
RSUs vest on first anniversary of grant date
Key Terms
restricted stock units ("RSUs"), Change in Control, Omnibus Incentive Compensation Plan, Class A common stock
4 terms
restricted stock units ("RSUs") financial
"Represents shares issuable upon settlement of restricted stock units ("RSUs") granted to the Reporting Person."
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.
Change in Control financial
"Such vesting may be accelerated in connection with a Change in Control (as defined in the Issuer's Omnibus Incentive Compensation Plan)."
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
Omnibus Incentive Compensation Plan financial
"Change in Control (as defined in the Issuer's Omnibus Incentive Compensation Plan)."
An omnibus incentive compensation plan is a single, flexible program that lets a company grant different kinds of pay — such as cash bonuses, stock options, restricted stock, or performance awards — to employees, executives and directors. Investors care because the plan affects how much ownership can be given away (dilution), how much the company spends on pay, and whether executives’ goals are aligned with shareholders, much like a menu that decides what rewards staff can pick and how costly they are.
Class A common stock financial
"Each RSU represents a contingent right to receive one share of the Issuer's Class A common stock."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
What did CarGurus (CARG) director Greg M. Schwartz report on this Form 4?
Greg M. Schwartz reported receiving 7,339 Class A common shares through restricted stock units. This is a compensation-related equity grant, not an open-market stock purchase or sale, and increases his direct holdings to 18,716 shares following the transaction.
What is the vesting schedule for Greg M. Schwartz’s new CarGurus RSUs?
The newly granted RSUs vest 100% on the first anniversary of the grant date. Vesting is contingent on Schwartz’s continuous service as a CarGurus director, with potential acceleration if a Change in Control occurs under the Omnibus Incentive Compensation Plan.
Is Greg M. Schwartz’s CarGurus Form 4 transaction a market purchase or sale?
The transaction is not a market purchase or sale; it is a grant of restricted stock units. The Form 4 identifies the code as an award acquisition, with a reported price of $0.00 per share, indicating equity compensation rather than a cash transaction.
What triggers accelerated vesting of Greg M. Schwartz’s CarGurus RSUs?
The RSUs may vest earlier in connection with a Change in Control, as defined in CarGurus’ Omnibus Incentive Compensation Plan. This means a qualifying corporate control event could accelerate vesting, subject to the plan’s specific conditions and definitions.