Trump Media GC awarded 329,308 DJT RSUs
Trump Media & Technology Group’s General Counsel and Secretary, Scott Glabe, received an equity award tied to 329,308 shares of common stock, structured as restricted stock units.
Rhea-AI Filing Summary
Trump Media & Technology Group’s General Counsel and Secretary, Scott Glabe, received an equity award tied to 329,308 shares of common stock, structured as restricted stock units. A portion of shares, 21,492, was withheld at a weighted average of $8.4744 per share to cover tax obligations, with no cash proceeds to him. After these transactions, he directly holds 612,043 shares, including RSUs that vest in twelve equal quarterly installments and are expected to be fully vested by March 25, 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock, par value $0.0001 per share | 21,492 | $8.4744 | $182K |
| Grant/Award | Common Stock, par value $0.0001 per share | 329,308 | $0.00 | $0.00 |
Footnotes (4)
- F1. Reflects a transaction solely to cover withholding payments by Trump Media & Technology Group Corp. ("the Issuer") to applicable taxing authorities. No cash proceeds were received by the reporting person in connection with the disposition of securities disclosed in this row.
- F2. The price reported in Column 4 is a weighted average price. These shares were disposed of in multiple transactions at prices ranging from $8.2550 to $8.7750, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares disposed of at each separate price within the range.
- F3. Certain of the securities reported in Column 5 are Restricted Stock Units ("RSUs"), each of which represents the contingent right to receive one share of the Issuer's common stock, par value $0.0001 per share (the "Common Stock"), subject to the conditions of the applicable RSU award (including the vesting schedule set forth therein) and the Issuer's Amended and Restated 2024 Equity Incentive Plan.
- F4. The securities reported are RSUs, each of which represents the contingent right to receive one share of the Issuer's Common Stock. Subject to the terms and conditions of the RSU award and the Issuer's 2024 Amended & Restated Equity Incentive Plan, the RSU award will vest in twelve (12) substantially equal quarterly installments and will be fully vested as of March 25, 2029.
Key Figures
Key Terms
Restricted Stock Units ("RSUs") financial
Amended and Restated 2024 Equity Incentive Plan financial
tax-withholding disposition financial
weighted average price financial
contingent right financial
FAQ
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What did DJT’s General Counsel Scott Glabe report in this Form 4?
What are the vesting terms for Scott Glabe’s RSU award at Trump Media (DJT)?
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