Cardlytics (CDLX) legal chief awarded 220,000 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cardlytics, Inc. reported that Chief Legal & Privacy Officer Lynton Nicholas Hollmeyer acquired 220,000 restricted stock units (RSUs) as an equity award. Each RSU represents a right to receive one share of common stock. The award vests in equal quarterly installments over two years through April 1, 2028, contingent on his continued employment with the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lynton Nicholas Hollmeyer
Role
Chief Legal & Privacy Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 220,000 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit — 220,000 shares (Direct)
Footnotes (1)
- Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock. The RSU award will vest in equal amounts quarterly over a two-year period through April 1, 2028, provided that the Reporting Person remains employed by the Issuer on such vesting dates.
FAQ
What insider transaction did Cardlytics (CDLX) report for Lynton Nicholas Hollmeyer?
Cardlytics reported that Chief Legal & Privacy Officer Lynton Nicholas Hollmeyer received a grant of 220,000 restricted stock units. These RSUs are equity compensation, not an open-market share purchase or sale, and represent rights to receive common stock in the future.
How many restricted stock units did the Cardlytics (CDLX) officer receive?
The officer received 220,000 restricted stock units. Each RSU corresponds to one share of Cardlytics common stock, so the award represents 220,000 potential future shares if vesting and employment conditions are met over the stated period.
How do the Cardlytics (CDLX) RSUs for Lynton Hollmeyer vest?
The RSU award vests in equal amounts quarterly over a two-year period through April 1, 2028. Vesting is spread across multiple dates, allowing portions of the award to become deliverable as shares over time rather than all at once.
What condition applies to the vesting of Cardlytics (CDLX) RSUs granted to Lynton Hollmeyer?
Vesting is conditioned on continued employment. The RSUs will vest in equal quarterly installments through April 1, 2028, only if Lynton Hollmeyer remains employed by Cardlytics on each relevant vesting date specified in the award terms.
Does the Cardlytics (CDLX) Form 4 show a stock purchase or sale by Lynton Hollmeyer?
The Form 4 shows an equity award, not a market trade. It reports a grant of 220,000 restricted stock units at a stated price of $0.00 per unit, reflecting compensation rather than a traditional buy or sell transaction in the open market.
What does each Cardlytics (CDLX) restricted stock unit represent in this Form 4?
Each restricted stock unit represents a contingent right to receive one share of Cardlytics common stock. The units convert into actual shares only as they vest over time and employment conditions specified in the award are fully satisfied.