Trump Media (DJT) grants RSUs to general counsel, with tax shares withheld
Filing Impact
Filing Sentiment
Form Type
4
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 282,735 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
2 transactions reported
Mixed
2 txns
Insider
Glabe Scott
Role
General Counsel and Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | 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 | -- |
Holdings After Transaction:
Common Stock, par value $0.0001 per share — 282,735 shares (Direct, null)
Footnotes (1)
- 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. 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. 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. 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
RSU grant size: 329,308 shares
Tax-withheld shares: 21,492 shares
Weighted average tax price: $8.4744 per share
+2 more
5 metrics
RSU grant size
329,308 shares
Restricted stock unit award tied to common stock
Tax-withheld shares
21,492 shares
Shares disposed to cover withholding obligations
Weighted average tax price
$8.4744 per share
Average price for tax-withholding share disposition
Post-transaction holdings
282,735 shares
Direct common stock holdings after reported transactions
Full vesting date
March 25, 2029
RSUs vest in 12 equal quarterly installments until this date
Key Terms
Restricted Stock Units ("RSUs"), Amended and Restated 2024 Equity Incentive Plan, tax-withholding disposition, weighted average price, +1 more
5 terms
Restricted Stock Units ("RSUs") financial
"Certain of the securities reported in Column 5 are Restricted Stock Units ("RSUs"), each of which represents the contingent right to receive one share..."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Amended and Restated 2024 Equity Incentive Plan financial
"...subject to the conditions of the applicable RSU award... and the Issuer's Amended and Restated 2024 Equity Incentive Plan."
tax-withholding disposition financial
"Reflects a transaction solely to cover withholding payments... No cash proceeds were received by the reporting person in connection with the disposition of securities..."
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
weighted average price financial
"The price reported in Column 4 is a weighted average price. These shares were disposed of in multiple transactions at prices ranging..."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
contingent right financial
"each of which represents the contingent right to receive one share of the Issuer's common stock..."
FAQ
What did DJT’s General Counsel Scott Glabe report in this Form 4?
Scott Glabe reported an equity award linked to 329,308 shares of Trump Media common stock. The award is in the form of restricted stock units, reflecting compensation rather than an open-market stock purchase or sale by the company’s General Counsel.
What are the vesting terms for Scott Glabe’s RSU award at Trump Media (DJT)?
The RSU award vests in twelve substantially equal quarterly installments. Subject to award terms and the company’s 2024 Amended & Restated Equity Incentive Plan, the restricted stock units are expected to be fully vested as of March 25, 2029, if conditions are met.