DigitalBridge (NYSE: DBRG) director receives 11,190 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DigitalBridge Group, Inc. director David Tolley received a grant of 11,190 shares of restricted Class A common stock as part of the company’s non-executive compensation policy following his recent re-election to the board. The award was valued at $175,000 and carries no cash exercise price.
The restricted shares are scheduled to vest on June 1, 2027, meaning Tolley must satisfy the vesting conditions before they fully become his. After this grant, he directly holds 58,997 shares of Class A common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Tolley David
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 11,190 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 58,997 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Restricted shares granted: 11,190 shares
Grant value: $175,000
Grant price per share: $0.0000 per share
+2 more
5 metrics
Restricted shares granted
11,190 shares
Class A Common Stock awarded to director David Tolley
Grant value
$175,000
Fixed grant value used to determine restricted share count
Grant price per share
$0.0000 per share
Compensation grant, not an open-market purchase
Shares after transaction
58,997 shares
Total Class A Common Stock directly held after grant
Vesting date
June 1, 2027
Scheduled vesting date of restricted Class A common stock
Key Terms
restricted Class A common stock, non-executive compensation policy, vest, fixed grant value, +1 more
5 terms
restricted Class A common stock financial
"Represents the receipt of restricted Class A common stock granted by the Issuer"
non-executive compensation policy financial
"granted by the Issuer to the reporting person in accordance with the Issuer's non-executive compensation policy"
vest financial
"The restricted shares are scheduled to vest on June 1, 2027."
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.
fixed grant value financial
"The number of restricted shares was determined by dividing the fixed grant value of $175,000"
closing price financial
"by the closing price of the Issuer's common stock on the New York Stock Exchange"
FAQ
What did DigitalBridge (DBRG) director David Tolley report in this Form 4?
David Tolley reported receiving 11,190 shares of restricted Class A common stock. The grant was made under DigitalBridge’s non-executive compensation policy in connection with his recent re-election to the board of directors, and is structured as equity compensation instead of a cash payment.
How was the value of David Tolley’s restricted stock grant at DigitalBridge (DBRG) determined?
The grant’s size was based on a fixed value of $175,000. DigitalBridge calculated the 11,190 restricted shares by dividing this fixed grant value by the closing price of its common stock on the New York Stock Exchange on the business day before the grant date.
Is David Tolley’s DigitalBridge (DBRG) stock grant an open-market purchase?
No, the transaction is classified as a grant or award, not a market purchase. The Form 4 shows a transaction code "A" with a price of $0.0000 per share, indicating stock granted as compensation rather than shares bought on the open market.