Director Manning Tom granted 16,807 RSUs at Vistance (NASDAQ: VISN)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Manning Tom reported acquisition or exercise transactions in this Form 4 filing.
Vistance Networks director Manning Tom received a grant of 16,807 shares of common stock in the form of restricted stock units. The grant was awarded at a stated price of $0.00 per share as part of the company’s non-employee director compensation plan.
These restricted stock units vest on the earlier of May 7, 2027 or the date of Vistance Networks’ 2027 annual stockholders’ meeting, as long as Tom continues to serve on the Board of Directors through that date. After this award, he holds 177,797 shares of common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Manning Tom
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 16,807 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 177,797 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 16,807 shares
Grant price: $0.00 per share
Shares after transaction: 177,797 shares
+1 more
4 metrics
RSUs granted
16,807 shares
Restricted stock units granted to director Manning Tom
Grant price
$0.00 per share
Stated price per share for the RSU grant
Shares after transaction
177,797 shares
Total common shares directly held after grant
Vesting date trigger
May 7, 2027
Latest date when RSUs vest, absent earlier 2027 meeting
Key Terms
restricted stock units, non-employee director compensation plan, vest
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"
vest financial
"which vest on the earlier to occur of (i) May 7, 2027; and (ii) the date of the issuer's 2027 annual stockholders' meeting"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What insider transaction did Vistance Networks (VISN) disclose for Manning Tom?
Vistance Networks disclosed that director Manning Tom received 16,807 restricted stock units of common stock as a grant at a stated price of $0.00 per share. This is a compensation-related equity award, not an open-market stock purchase or sale.
When do Manning Tom’s 16,807 restricted stock units at Vistance Networks (VISN) vest?
The 16,807 restricted stock units vest on the earlier of May 7, 2027 or the date of Vistance Networks’ 2027 annual stockholders’ meeting. Vesting is contingent on his continued service on the Board of Directors through that date.
Is Manning Tom’s Vistance Networks (VISN) transaction a stock purchase or sale?
The transaction is not a market purchase or sale. It is a grant of 16,807 restricted stock units as part of the non-employee director compensation plan, with a stated price of $0.00 per share, reflecting equity-based compensation rather than cash trading.
What plan governs Manning Tom’s restricted stock unit grant at Vistance Networks (VISN)?
The restricted stock unit grant is made under Vistance Networks’ non-employee director compensation plan. This plan provides equity awards to outside directors, aligning their interests with shareholders through stock-based compensation that vests over a defined service period.