Coinbase (COIN) awards 24,342 RSUs to chief accounting officer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Jones Jennifer N. reported acquisition or exercise transactions in this Form 4 filing.
Coinbase Global, Inc. reported that Chief Accounting Officer Jennifer N. Jones received a grant of 24,342 restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Coinbase Class A common stock.
The RSUs vest in equal quarterly installments over three years, with the first 1/12 vesting on May 20, 2026, and the award becoming fully vested on February 20, 2029, subject to her continued service on each vesting date. RSUs either vest or are canceled prior to vesting and do not have an expiration date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Jones Jennifer N.
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 24,342 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 24,342 shares (Direct)
Footnotes (1)
- Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock. The RSUs vest in equal quarterly installments over three years, with the first 1/12 vesting on May 20, 2026, until the award is fully vested on February 20, 2029, subject to the Reporting Person's continued service to the Issuer on each vesting date. RSUs do not expire; they either vest or are canceled prior to vesting date.
FAQ
What insider transaction did Coinbase (COIN) report for Jennifer N. Jones?
Coinbase reported that Chief Accounting Officer Jennifer N. Jones received a grant of 24,342 restricted stock units. Each RSU represents a contingent right to one share of Class A common stock, reflecting an equity-based compensation award rather than an open-market stock purchase.
How many RSUs were granted to Coinbase (COIN) Chief Accounting Officer Jennifer N. Jones?
Jennifer N. Jones was granted 24,342 restricted stock units by Coinbase. These RSUs convert into Class A common shares upon vesting, providing stock-based compensation that aligns a portion of her pay with company performance and long-term shareholder value, subject to continued employment conditions.
What is the vesting schedule for Jennifer N. Jones’ Coinbase (COIN) RSUs?
The RSUs vest in equal quarterly installments over three years, starting with the first 1/12 on May 20, 2026. Vesting continues quarterly until full vesting on February 20, 2029, assuming Jennifer N. Jones remains in service with Coinbase on each vesting date.
Do the RSUs granted to Coinbase (COIN) executive Jennifer N. Jones expire?
The RSUs do not have an expiration date. They either vest according to the scheduled quarterly vesting dates through February 20, 2029, or are canceled before a vesting date if the service condition is not met, as described in the award terms.
What does each RSU granted to Coinbase (COIN) executive Jennifer N. Jones represent?
Each restricted stock unit represents a contingent right to receive one share of Coinbase’s Class A common stock. The units convert into actual shares only upon vesting, tying a portion of the executive’s compensation directly to the company’s equity over the vesting period.