3D Systems (NYSE: DDD) SVP awarded 62,500 restricted shares and 62,500 performance units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WRIGHT ANDREW WILLIAM BANASICK reported acquisition or exercise transactions in this Form 4 filing.
3D Systems Corp executive Andrew William Banasick Wright received new equity awards as part of his compensation. On March 13, 2026, he was granted 62,500 shares of restricted stock and 62,500 performance-based restricted stock units, each tied to one share of common stock.
The restricted stock vests in three equal installments on April 1 of 2027, 2028, and 2029, subject to continued employment. The performance units vest only if 3D Systems’ common stock reaches a specified share price. Following the stock grant, he directly owns 146,644 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
WRIGHT ANDREW WILLIAM BANASICK
Role
SVP, GC & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Based Restricted Stock Units | 62,500 | $0.00 | -- |
| Grant/Award | Common Stock | 62,500 | $0.00 | -- |
Holdings After Transaction:
Performance Based Restricted Stock Units — 62,500 shares (Direct);
Common Stock — 146,644 shares (Direct)
Footnotes (1)
- On March 13, 2026, the Reporting Person was awarded 62,500 shares of restricted stock under the Issuer's 2015 Incentive Plan. One-third of the total shares awarded vest on April 1, 2027, an additional one-third of the total shares awarded vest on April 1, 2028, and the remaining shares awarded vest on April 1, 2029, subject to continued employment. Each performance share unit represents a contingent right to receive one share of the Issuer's common stock. The performance share units vest upon the Issuer's common stock achieving a specified price per share.
FAQ
What equity awards did 3D Systems (DDD) grant to Andrew Wright?
Andrew Wright received 62,500 restricted shares and 62,500 performance-based restricted stock units from 3D Systems. Each performance unit represents a contingent right to one common share, creating a mix of time-based and performance-based long-term incentives tied to company stock.
How do Andrew Wright’s restricted stock awards at 3D Systems (DDD) vest?
The 62,500 restricted shares vest in three equal installments on April 1, 2027, April 1, 2028, and April 1, 2029. Vesting is conditioned on Wright’s continued employment, encouraging longer-term retention and alignment with 3D Systems’ future performance and strategy.
What triggers vesting of Andrew Wright’s performance-based RSUs at 3D Systems (DDD)?
Each performance share unit vests only if 3D Systems’ common stock reaches a specified price per share. This structure links Wright’s ultimate equity payout directly to the company’s stock price performance, reinforcing incentives to support long-term value creation for shareholders.
Are Andrew Wright’s new 3D Systems (DDD) equity awards open-market purchases?
No. The filing classifies both transactions under code “A” as grant or award acquisitions. Wright did not buy shares on the open market; instead, he received company-granted restricted stock and performance-based units as part of his compensation from 3D Systems.