Chime CFO awarded new stock and option grants
Chime Financial, Inc. reported that Chief Financial Officer Matthew S. Newcomb received new equity compensation.
Rhea-AI Filing Summary
Chime Financial, Inc. reported that Chief Financial Officer Matthew S. Newcomb received new equity compensation. He was granted an employee stock option covering 281,426 shares of Class A Common Stock at an exercise price of $21.62 per share, expiring on March 11, 2036. He also received 140,713 restricted stock units, each representing one share of Class A Common Stock, which begin vesting on May 15, 2026 and then quarterly, subject to his continued service. Following these awards, he directly holds 514,310 shares of Class A Common Stock, and 2,263,321 additional shares are held indirectly through the 2019 Newcomb Fox Family Trust, for which he and his spouse serve as trustees.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Option (Right to buy) | 281,426 | $0.00 | $0.00 |
| Grant/Award | Class A Common Stock | 140,713 | $0.00 | $0.00 |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (4)
- F1. These securities are restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock. One-sixteenth (1/16th) of the RSUs shall vest on May 15, 2026 and quarterly thereafter, subject to the Reporting Person continuing as a service provider through each such date.
- F2. Certain of these securities are RSUs. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock, subject to the applicable vesting schedule and conditions of each RSU.
- F3. These shares are held by 2019 Newcomb Fox Family Trust, for which the Reporting Person and his spouse serve as trustees.
- F4. 1/48th of the shares subject to the option will vest on March 15, 2026 and 1/48th of the shares vest monthly thereafter, subject to the Reporting Person's continued service through each vesting date.
FAQ
What equity awards did Chime (CHYM) CFO Matthew Newcomb receive?
How do the new RSUs for Chime (CHYM) CFO vest?
What are the terms of the Chime (CHYM) CFO stock option grant?
Are the new Chime (CHYM) CFO awards open-market purchases or compensation grants?
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