Gareth T. Joyce of Compass Minerals (CMP) exercises RSUs and receives new equity grant
Rhea-AI Filing Summary
Compass Minerals International director Gareth T. Joyce reported equity awards and an exercise of restricted stock units. On the reported date, 11,905 restricted stock units were exercised into 11,905 shares of common stock at a stated price of $0.00 per share.
Joyce also received an annual grant of 5,032 restricted stock units in connection with service as a director. These units will vest on the earlier of the day immediately preceding the company’s next annual meeting, if held at least 50 weeks from the grant date, or the first anniversary of the grant date. Following these transactions, Joyce directly held 43,118 shares of common stock and 5,032 restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 11,905 shares
Net Buy
3 txns
Insider
Joyce Gareth T
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 11,905 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Unit | 5,032 | $0.00 | $0.00 |
| Exercise | Common Stock | 11,905 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Unit — 5,032 shares (Direct);
Common Stock — 43,118 shares (Direct)
Footnotes (1)
- F1. Represents annual grant of restricted stock units in connection with the Reporting Person's service as a director, which will vest on the earlier of (a) the day immediately preceding the Issuer's next annual meeting (as long as the meeting is held at least 50 weeks from the grant date) and (b) the first anniversary of the grant date.
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FAQ
What insider transactions did CMP director Gareth T. Joyce report?
Gareth T. Joyce reported exercising 11,905 restricted stock units into 11,905 shares of Compass Minerals common stock and receiving a grant of 5,032 new restricted stock units. All positions are reported as directly owned, reflecting equity compensation tied to his role as a director.
What are the terms of Gareth T. Joyce’s new CMP restricted stock unit grant?
The new grant to Gareth T. Joyce consists of 5,032 restricted stock units as an annual award for director service. These units will vest on the earlier of the day immediately preceding Compass Minerals’ next annual meeting, if held at least 50 weeks from grant, or the first anniversary.
What does the exercise of 11,905 restricted stock units mean for CMP director Gareth T. Joyce?
Exercising 11,905 restricted stock units converted those units into 11,905 shares of Compass Minerals common stock. This shifts value from a derivative award into directly held stock, increasing his reported common stock holdings while reducing his outstanding restricted stock unit balance by the exercised amount.