146,198 RSUs awarded to Trump Media (DJT) interim CEO
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
McGurn Kevin reported acquisition or exercise transactions in this Form 4 filing.
Trump Media & Technology Group Corp. interim CEO Kevin McGurn received a grant of 146,198 restricted stock units (RSUs), each representing one share of common stock. The award was granted at a stated price of $0.00 per share as equity compensation.
According to the award terms and the company’s 2024 Amended & Restated Equity Incentive Plan, the RSUs will vest in nine substantially equal annual installments and are scheduled to be fully vested as of January 21, 2027. After this grant, McGurn holds 146,198 RSUs directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
McGurn Kevin
Role
Interim CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.0001 per share | 146,198 | $0.00 | -- |
Holdings After Transaction:
Common Stock, par value $0.0001 per share — 146,198 shares (Direct, null)
Footnotes (1)
- The securities reported are restricted stock units ("RSUs"), each of which represents the contingent right to receive one share of Trump Media & Technology Group Corp.'s (the "Issuer") common stock, par value $0.0001 per share (the "common stock"). Subject to the terms and conditions of the RSU award and the Issuer's 2024 Amended & Restated Equity Incentive Plan (the "Plan"), the RSU award will vest in nine (9) substantially equal annual installments and will be fully vested as of January 21, 2027. The securities reported in Column 5 are RSUs, each of which represents the contingent right to receive one share of the Issuer's common stock, subject to the conditions of the applicable RSU award (including the vesting schedule set forth therein) and the Plan.
Key Figures
RSUs granted: 146,198 units
Transaction price: $0.00 per share
Holdings after grant: 146,198 RSUs
+2 more
5 metrics
RSUs granted
146,198 units
Restricted stock units awarded to interim CEO
Transaction price
$0.00 per share
Grant price for RSU award
Holdings after grant
146,198 RSUs
Total RSUs reported following transaction
Vesting completion date
January 21, 2027
RSUs fully vested by this date
Vesting installments
9 annual installments
Vesting pattern for RSU award
Key Terms
restricted stock units, RSUs, 2024 Amended & Restated Equity Incentive Plan, contingent right, +1 more
5 terms
restricted stock units financial
"The securities reported are restricted stock units ("RSUs"), each of which represents the contingent right to receive one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
RSUs financial
"The securities reported in Column 5 are RSUs, each of which represents the contingent right to receive one share"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
2024 Amended & Restated Equity Incentive Plan financial
"Subject to the terms and conditions of the RSU award and the Issuer's 2024 Amended & Restated Equity Incentive Plan (the "Plan")"
contingent right financial
"each of which represents the contingent right to receive one share of the Issuer's common stock"
vesting financial
"the RSU award will vest in nine (9) substantially equal annual installments and will be fully vested as of January 21, 2027"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What did DJT interim CEO Kevin McGurn receive in this Form 4 filing?
Kevin McGurn received 146,198 restricted stock units (RSUs) in Trump Media & Technology Group common stock. Each RSU represents the right to receive one share, granted as equity compensation under the company’s 2024 Amended & Restated Equity Incentive Plan.
How many Trump Media (DJT) RSUs were granted to Kevin McGurn?
The filing shows a grant of 146,198 RSUs to Kevin McGurn. Each restricted stock unit corresponds to one share of Trump Media & Technology Group common stock, providing a significant equity-based component to his interim CEO compensation package.
What is the vesting schedule for Kevin McGurn’s 146,198 DJT RSUs?
The RSU award vests in nine substantially equal annual installments and will be fully vested as of January 21, 2027. Vesting is subject to the terms and conditions of the RSU award and Trump Media’s 2024 Amended & Restated Equity Incentive Plan.
What does the $0.00 transaction price on Kevin McGurn’s DJT RSUs mean?
The $0.00 transaction price reflects that these RSUs were granted as compensation, not purchased in the open market. McGurn does not pay cash for the RSUs; instead, they convert into shares over time as they vest under the plan terms.