Cantaloupe, Inc. (CTLP) grants CRO Jeffrey Dumbrell 20,595 RSUs
Rhea-AI Filing Summary
Cantaloupe, Inc. reported that Chief Revenue Officer Jeffrey Charles Dumbrell received two equity awards on August 1, 2025, acquiring 8,095 and 12,500 Restricted Stock Units (RSUs), each representing a right to receive one share of common stock. The awards were granted under company incentive plans, including long-term stock incentive plans with prorated vesting over 1,095 days tied to continued service under a 2025 Merger Agreement, and performance-based RSUs approved under the 2018 Equity Incentive Plan that vest immediately upon achievement of specified conditions. Following these transactions, Dumbrell directly holds 120,571 shares of Cantaloupe common stock.
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Insights
TL;DR: Routine executive equity awards: one performance-based RSU award immediately vested; one time-based RSU award vests prorated over plan schedule.
The filing documents non-cash compensation to the Chief Revenue Officer on 08/01/2025. The 12,500 RSUs were granted pursuant to a performance award and are stated to immediately vest, increasing the reporting person's beneficial holdings. The 8,095 RSUs are time-based LTIP awards that vest on a prorated schedule tied to days elapsed since grant divided by 1,095 and conditioned on continued service under the 2025 Merger Agreement. These items represent typical executive equity compensation and do not disclose cash consideration or option exercises.
TL;DR: Disclosure reflects standard equity incentive plan mechanics and immediate vesting of a performance RSU; no governance red flags disclosed.
The Form 4 provides required Section 16 reporting for insider awards and shows that a performance-based award of 12,500 RSUs vested immediately, while 8,095 RSUs follow prorated vesting under the issuer's LTIP and the referenced 2025 Merger Agreement. The form is executed by an attorney-in-fact on 08/05/2025. There are no explicit indications of unusual acceleration beyond the stated immediate vesting for the performance grant.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 8,095 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 12,500 | $0.00 | $0.00 |
Footnotes (2)
- F1. Represents Restricted Stock Units ("RSUs"), each of which represent a nontransferable right to receive one share of the Issuer's common stock. The award was granted under the Company's long-term stock incentive plans ("LTIP's) and vests on a prorated basis based on the total number of shares of common stock subject to the the award multiplied by a fraction equal to the number of calendar days elapsed since the grant date of such award divided by 1095, subject to Reporting Person's continued service (as defined in the 2025 Merger Agreement) through each such vesting date.
- F2. Represents Restricted Stock Units ("RSUs"), each of which represent a nontransferable right to receive one share of the Issuer's common stock. The award was granted based on the achievement of certain performance conditions described in the Notice of Restricted Stock Unit Grant under the 2018 Equity Incentive Plan and approved by the Company's Compensation Committee and immediately vest.
Key Figures
Key Terms
Restricted Stock Units ("RSUs") financial
long-term stock incentive plans ("LTIP's") financial
2018 Equity Incentive Plan financial
2025 Merger Agreement financial
FAQ
What insider equity awards did Cantaloupe (CTLP) grant to CRO Jeffrey Dumbrell?
How many RSUs did Cantaloupe (CTLP) CRO Jeffrey Dumbrell acquire and on what date?
What vesting terms apply to the RSU awards reported by Cantaloupe (CTLP)?
What is Cantaloupe (CTLP) CRO Jeffrey Dumbrell’s common stock holding after these awards?
Under which plans were the RSUs to Cantaloupe (CTLP) CRO Jeffrey Dumbrell granted?
AI-generated analysis. How Rhea-AI works. Not financial advice.