Vistance Networks (VISN) director receives 16,807 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
KRAUSE L WILLIAM reported acquisition or exercise transactions in this Form 4 filing.
Vistance Networks, Inc. director L. William Krause received an equity award in the form of 16,807 shares of common stock, reported as restricted stock units granted at a price of $0.00 per share. This grant increased his direct holdings to 376,807 shares of common stock.
The restricted stock units vest on the earlier of May 7, 2027 or the date of the company’s 2027 annual stockholders’ meeting, provided he remains on the Board of Directors through that date. This reflects routine non-employee director compensation rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
KRAUSE L WILLIAM
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 16,807 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 376,807 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 16,807 shares
Grant price: $0.00 per share
Post-grant holdings: 376,807 shares
+1 more
4 metrics
RSU grant size
16,807 shares
Restricted stock units of common stock granted to director
Grant price
$0.00 per share
Reported transaction price for RSU grant
Post-grant holdings
376,807 shares
Total common stock held directly after transaction
RSU vesting date trigger
May 7, 2027
Latest vesting date, earlier if 2027 annual stockholders’ meeting occurs first
Key Terms
restricted stock units, non-employee director compensation plan, Board of Directors
3 terms
restricted stock units financial
"Reflects restricted stock units granted pursuant to the issuer's non-employee director compensation plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
non-employee director compensation plan financial
"granted pursuant to the issuer's non-employee director compensation plan, which vest on the earlier to occur of"
Board of Directors financial
"subject to the director's continued membership on the Board of Directors on such date"
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
FAQ
What insider transaction did Vistance Networks (VISN) disclose for L. William Krause?
Vistance Networks reported that director L. William Krause received 16,807 restricted stock units of common stock. The award was granted at $0.00 per share as part of non-employee director compensation and increased his direct holdings to 376,807 shares.
Is the Vistance Networks (VISN) Form 4 transaction a market buy or sell?
The Form 4 shows a grant of 16,807 restricted stock units to director L. William Krause, not a market buy or sell. It represents stock-based compensation rather than an open-market transaction and carries a reported price of $0.00 per share.
When do L. William Krause’s restricted stock units at Vistance Networks (VISN) vest?
The restricted stock units vest on the earlier of May 7, 2027 or the date of Vistance Networks’ 2027 annual stockholders’ meeting. Vesting is conditioned on Krause’s continued service on the Board of Directors through that date under the director compensation plan.
What compensation plan governs the Vistance Networks (VISN) restricted stock unit grant?
The 16,807 restricted stock units were granted under Vistance Networks’ non-employee director compensation plan. This plan provides equity awards to outside directors, with vesting tied to continued Board service until 2027 or the 2027 annual stockholders’ meeting, whichever occurs first.