Krispy Kreme (DNUT) director receives 33,334 RSU equity grant vesting in 2029
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Krispy Kreme director Patrick J. Grismer received an equity award of 33,334 restricted stock units (RSUs) of common stock. The grant carries a price of $0.00 per unit, reflecting a compensation award rather than a market purchase. According to the filing’s footnotes, these RSUs will vest on June 10, 2029, and upon vesting each unit will convert into one share of Krispy Kreme common stock. After this grant, Grismer’s direct holdings reported in the filing total 81,129 shares of common stock, including unvested RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Grismer Patrick J
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 33,334 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 81,129 shares (Direct, null)
Footnotes (1)
- Consists of restricted stock units ("RSUs") that upon vesting are settled on a one-for-one basis in shares of common stock. Subject to certain terms and conditions, the RSUs will vest on June 10, 2029. Unvested RSUs.
Key Figures
RSUs granted: 33,334 units
Grant price: $0.00 per unit
Shares after transaction: 81,129 shares
+1 more
4 metrics
RSUs granted
33,334 units
Restricted stock units of common stock granted to director
Grant price
$0.00 per unit
Equity compensation award, not open-market purchase
Shares after transaction
81,129 shares
Total direct holdings following the RSU grant
Vesting date
June 10, 2029
RSUs vest and settle one-for-one into common shares
Key Terms
restricted stock units ("RSUs"), vest, grant, award, or other acquisition
3 terms
restricted stock units ("RSUs") financial
"Consists of restricted stock units ("RSUs") that upon vesting are settled on a one-for-one basis"
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.
vest financial
"Subject to certain terms and conditions, the RSUs will vest on June 10, 2029."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What insider transaction did Krispy Kreme (DNUT) report for Patrick J. Grismer?
Krispy Kreme reported that director Patrick J. Grismer received 33,334 restricted stock units as an equity award. These RSUs are part of his compensation and will convert into common shares when they vest on June 10, 2029, subject to applicable terms.
How many Krispy Kreme (DNUT) RSUs were granted to Patrick J. Grismer?
Patrick J. Grismer was granted 33,334 restricted stock units of Krispy Kreme common stock. Each RSU represents the right to receive one share when it vests, providing long-term equity-based compensation rather than an immediate cash or open-market stock purchase.
When do Patrick J. Grismer’s Krispy Kreme (DNUT) RSUs vest?
The restricted stock units granted to Patrick J. Grismer are scheduled to vest on June 10, 2029. Upon vesting, and subject to the award’s terms and conditions, each RSU will be settled one-for-one in Krispy Kreme common shares as described in the filing.
What are Patrick J. Grismer’s total Krispy Kreme (DNUT) holdings after this RSU grant?
After the RSU grant, Patrick J. Grismer’s direct holdings reported in the filing total 81,129 shares of Krispy Kreme common stock. This figure includes unvested RSUs, reflecting both current and future equity exposure tied to his director compensation package.
Is Patrick J. Grismer’s Krispy Kreme (DNUT) RSU award a stock purchase or compensation grant?
The Form 4 shows a compensation grant, not a market stock purchase. Code “A” identifies the transaction as a grant or award acquisition, and the price per share is listed as $0.00, consistent with a non-cash equity incentive for a company director.