3D Systems (DDD) CTO receives restricted stock and performance unit awards
Rhea-AI Filing Summary
HULL CHARLES W reported acquisition or exercise transactions in this Form 4 filing.
3D Systems Corp executive vice president and chief technology officer Charles W. Hull reported equity compensation awards. On April 1, 2025, he received 32,500 performance-based restricted stock units, each representing a contingent right to one share of common stock, vesting upon the stock reaching a specified price.
On the same date, he was also awarded 32,500 shares of restricted common stock under the 2015 Incentive Plan, vesting one-third on April 1, 2026, one-third on April 1, 2027, and the balance on April 1, 2028, subject to continued employment. Following the grants, he directly holds 154,150 shares of common stock and the filing shows an additional 331,955 shares held indirectly by a revocable living trust for which he serves as trustee. The report notes it was filed late due to an administrative error.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Based Restricted Stock Units | 32,500 | $0.00 | -- |
| Grant/Award | Common Stock | 32,500 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Inadvertently filed late due to administrative error. The Reporting Person has been awarded 32,500 shares of restricted stock under the Issuer's 2015 Incentive Plan. One-third of the total shares awarded vest on April 1, 2026, an additional one-third of the total shares awarded vest on April 1, 2027, and the remaining shares awarded vest on April 1, 2028, subject to continued employment. By the Charles William Hull and Charlene Antoinette Hull 1992 Revocable Living Trust for which the Reporting Person serves as trustee. 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.