Dropbox (DBX) Chief Business Officer reports 459,757 RSUs vesting through 2029
Rhea-AI Filing Summary
Dropbox, Inc. filed an initial insider ownership report for Chief Business Officer Eric T. Webster. The filing shows he holds 459,757 restricted stock units tied to Class A Common Stock. Each unit represents the right to receive one share, vesting on a schedule through November 15, 2029.
Any restricted stock units that remain unvested if he stops serving as a service provider to Dropbox will be cancelled. This filing does not report any new stock purchases or sales, only Mr. Webster’s existing equity-based compensation position.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Webster Eric T
Role
Chief Business Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 459,757 shares (Direct)
Footnotes (1)
- F1. These securities are restricted stock units. Each restricted stock unit represents the Reporting Person's right to receive one share of Class A Common Stock, subject to the applicable vesting schedule through November 15, 2029. In the event the Reporting Person ceases to be a Service Provider, the unvested restricted stock units will be cancelled by the Issuer.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does the Dropbox (DBX) Form 3 filing for Eric T. Webster show?
The Form 3 shows Chief Business Officer Eric T. Webster’s initial ownership of 459,757 restricted stock units tied to Dropbox Class A Common Stock, documenting his existing equity compensation rather than any new stock purchase or sale activity.
Are Eric T. Webster’s Dropbox (DBX) restricted stock units fully vested?
No, the restricted stock units vest over time on an applicable schedule through November 15, 2029. Any units that remain unvested if he ceases to be a service provider to Dropbox will be cancelled and will not convert into Class A Common Stock.
Does the Dropbox (DBX) Form 3 report any insider buying or selling?
The Form 3 does not report insider buying or selling. It is an initial ownership statement listing Eric T. Webster’s 459,757 restricted stock units, reflecting his equity-based compensation position rather than a market transaction in Dropbox shares.
What happens to Eric T. Webster’s Dropbox (DBX) RSUs if he leaves the company?
If Eric T. Webster ceases to be a service provider, any unvested restricted stock units will be cancelled by Dropbox. Only vested units entitle him to receive Class A Common Stock under the award’s terms and vesting schedule.