Director at DigitalOcean (NYSE: DOCN) awarded 93 RSUs as fees
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Arora Pratima reported acquisition or exercise transactions in this Form 4 filing.
DigitalOcean Holdings, Inc. director Pratima Arora received a grant of 93 fully vested restricted stock units, each representing one share of common stock, as part of the company’s non-employee director compensation policy in lieu of quarterly cash retainer fees. Following this equity award, she directly holds 89,952 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Arora Pratima
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 93 | $166.90 | $16K |
Holdings After Transaction:
Common Stock — 89,952 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSUs granted: 93 shares
Grant reference price: $166.90 per share
Post-grant holdings: 89,952 shares
3 metrics
RSUs granted
93 shares
Fully vested RSU grant in lieu of quarterly retainer fees
Grant reference price
$166.90 per share
Reported transaction price per share for RSU grant
Post-grant holdings
89,952 shares
Total DigitalOcean common shares held directly after the grant
Key Terms
restricted stock units ("RSUs"), non-employee director compensation policy, quarterly retainer fees
3 terms
restricted stock units ("RSUs") financial
"The security represents a grant of fully vested restricted stock units ("RSUs") to the Reporting Person."
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.
non-employee director compensation policy financial
"The RSUs were granted to the Reporting Person pursuant to the Issuer's non-employee director compensation policy in lieu of quarterly retainer fees."
quarterly retainer fees financial
"The RSUs were granted to the Reporting Person pursuant to the Issuer's non-employee director compensation policy in lieu of quarterly retainer fees."
FAQ
What did DigitalOcean (DOCN) director Pratima Arora report in this Form 4?
Pratima Arora reported receiving 93 fully vested restricted stock units from DigitalOcean. Each RSU equals one share of common stock, granted under the non-employee director compensation policy instead of cash fees, increasing her direct holdings to 89,952 shares.
Is the DigitalOcean (DOCN) Form 4 for a stock purchase or sale?
The Form 4 reports an equity grant, not an open-market purchase or sale. Director Pratima Arora acquired 93 RSUs as compensation in lieu of quarterly retainer fees under the non-employee director policy, increasing her direct ownership position.
What are RSUs in the context of DigitalOcean (DOCN) director compensation?
RSUs, or restricted stock units, are rights to receive shares in the future. For DigitalOcean, each RSU granted to director Pratima Arora represents one share of common stock awarded under the non-employee director compensation policy instead of cash retainer fees.
Why did DigitalOcean (DOCN) grant RSUs instead of cash fees to the director?
DigitalOcean’s non-employee director compensation policy allows quarterly retainer fees to be paid in RSUs. In this case, 93 fully vested RSUs were granted to director Pratima Arora in lieu of cash, aligning part of her compensation with company equity.