DraftKings (DKNG) grants director 10,588 deferred stock units as retainer
Rhea-AI Filing Summary
Levin Woodrow reported acquisition or exercise transactions in this Form 4 filing.
DraftKings Inc. director Levin Woodrow received a grant of 10,588 Deferred Stock Units (DSUs) as an annual equity retainer, elected to be deferred under the DraftKings Director Stock Deferral Plan. Each DSU is a contingent right to receive one share of Class A Common Stock, giving him 10,588 DSUs held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Levin Woodrow
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units F1, F2 | 10,588 | $0.00 | $0.00 |
Holdings After Transaction:
Deferred Stock Units — 10,588 shares (Direct)
Footnotes (2)
- F1. The Reporting Person has elected to defer compensation in the form of deferred stock units ("DSUs") under the DraftKings Director Stock Deferral Plan (the "Plan"). Pursuant to the terms of the Plan, the reporting person was credited with 10,588 DSUs, in lieu of an annual equity retainer, deferred by the reporting person under the Plan. The DSUs become payable upon the terms set forth in the Plan.
- F2. Each DSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
Key Figures
Deferred Stock Units granted: 10,588 DSUs
Underlying Class A shares: 10,588 shares
Transaction price per unit: $0.0000 per DSU
+1 more
4 metrics
Deferred Stock Units granted
10,588 DSUs
Grant to director Levin Woodrow on 2026-08-04 as annual equity retainer
Underlying Class A shares
10,588 shares
Each DSU represents a contingent right to one share of Class A Common Stock
Transaction price per unit
$0.0000 per DSU
DSUs credited as compensation under the DraftKings Director Stock Deferral Plan
Holdings after transaction
10,588 DSUs
Total direct Deferred Stock Units held by Levin Woodrow following the grant
Key Terms
Deferred Stock Units, DraftKings Director Stock Deferral Plan, annual equity retainer, contingent right
4 terms
Deferred Stock Units financial
"defer compensation in the form of deferred stock units ("DSUs") under"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
DraftKings Director Stock Deferral Plan financial
"DSUs under the DraftKings Director Stock Deferral Plan (the "Plan")"
annual equity retainer financial
"in lieu of an annual equity retainer, deferred by the reporting person"
contingent right financial
"Each DSU represents a contingent right to receive one share"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did DraftKings (DKNG) director Levin Woodrow report?
Levin Woodrow reported receiving a grant of 10,588 Deferred Stock Units (DSUs) as director compensation. The DSUs were credited under the DraftKings Director Stock Deferral Plan in lieu of his annual equity retainer and will be payable according to that plan’s terms.
How many DraftKings (DKNG) Deferred Stock Units did Levin Woodrow receive?
Levin Woodrow was credited with 10,588 Deferred Stock Units. These DSUs represent deferred director compensation, elected under the DraftKings Director Stock Deferral Plan, and are tied to his annual equity retainer for board service.
What does each DraftKings (DKNG) Deferred Stock Unit represent?
Each DraftKings Deferred Stock Unit represents a contingent right to receive one share of the company’s Class A Common Stock. The DSUs are settled in shares when payable, following the specific terms of the Director Stock Deferral Plan.
Why did Levin Woodrow receive DSUs instead of immediate equity at DraftKings (DKNG)?
Levin Woodrow elected to defer his annual equity retainer into 10,588 DSUs under the DraftKings Director Stock Deferral Plan. This election converts director compensation into deferred stock units payable in Class A shares under plan terms.
How many DraftKings (DKNG) Deferred Stock Units does Levin Woodrow hold after this grant?
Following the reported transaction, Levin Woodrow directly holds 10,588 Deferred Stock Units. These DSUs correspond to a contingent right to receive 10,588 shares of DraftKings Class A Common Stock when they become payable under the plan.
Was Levin Woodrow’s DraftKings (DKNG) DSU grant a market purchase or a compensation award?
The 10,588 units were a compensation-related grant, not a market purchase. They were credited as an annual equity retainer deferred into DSUs under the DraftKings Director Stock Deferral Plan at a stated transaction price of $0.0000 per unit.