54,771 RSUs awarded to Coinbase (COIN) Chief People Officer Brock Lawrence
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Brock Lawrence J reported acquisition or exercise transactions in this Form 4 filing.
Coinbase Global, Inc. reported that Chief People Officer Brock Lawrence received a grant of 54,771 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 scheduled to vest on May 20, 2026 and the award becoming fully vested on February 20, 2029, subject to his continued service with the company. RSUs do not expire; they either vest or are canceled before the vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Brock Lawrence J
Role
Chief People Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 54,771 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 54,771 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 equity award did Coinbase (COIN) grant to its Chief People Officer?
Coinbase granted Chief People Officer Brock Lawrence 54,771 restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Coinbase Class A common stock, aligning a portion of his compensation with the company’s future stock performance over time.
How do Brock Lawrence’s RSUs at Coinbase (COIN) vest over time?
Brock Lawrence’s 54,771 RSUs vest in equal quarterly installments over three years. The first 1/12 of the award is scheduled to vest on May 20, 2026, with final vesting expected on February 20, 2029, contingent on his continued service with Coinbase.
What does each RSU granted by Coinbase (COIN) to Brock Lawrence represent?
Each RSU granted to Brock Lawrence represents a contingent right to receive one share of Coinbase Class A common stock. The shares are delivered only as the units vest under the schedule, making the award dependent on continued employment over the three-year vesting period.
Do the Coinbase (COIN) RSUs granted to Brock Lawrence have an expiration date?
The RSUs granted to Brock Lawrence do not have a traditional expiration date. According to the disclosure, they either vest based on the quarterly schedule through February 20, 2029, or are canceled before vesting if conditions such as continued service are not met.
Is Brock Lawrence’s RSU grant at Coinbase (COIN) a purchase or a compensatory award?
Brock Lawrence’s 54,771 RSU position is a grant/award acquisition, not an open-market stock purchase. The Form 4 describes it as a compensatory award with a transaction price of $0.00 per unit, vesting quarterly over three years contingent on continued service.