3D Systems SVP granted stock and performance units
WRIGHT ANDREW WILLIAM BANASICK reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
WRIGHT ANDREW WILLIAM BANASICK reported acquisition or exercise transactions in this Form 4 filing.
3D Systems Corp reported that SVP, General Counsel and Secretary Andrew William Banasick received equity awards on April 1, 2025. He was granted 32,500 shares of common stock at no cost under the company’s 2015 Incentive Plan. One-third of these restricted shares vest on April 1 of 2026, 2027, and 2028, subject to continued employment.
He also received 32,500 performance-based restricted stock units, each representing the right to receive one share of common stock if the company’s stock reaches a specified price per share before the April 1, 2028 expiration date. Following the grant, he directly owns 90,000 shares of common stock. The report notes that the filing was inadvertently submitted 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 | $0.00 |
| Grant/Award | Common Stock | 32,500 | $0.00 | $0.00 |
Footnotes (3)
- F1. Inadvertently filed late due to administrative error.
- F2. 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.
- F3. 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
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What equity awards did 3D Systems (DDD) grant to Andrew William Banasick?
How do the restricted stock awards for 3D Systems (DDD) SVP vest?
Was the 3D Systems (DDD) Form 4/A for Andrew William Banasick filed on time?
Do Andrew William Banasick’s 3D Systems (DDD) awards involve any cash transactions?
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