DigitalOcean (NYSE: DOCN) director gets 112 RSUs instead of cash fees
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SCHNEIDER HILARY reported acquisition or exercise transactions in this Form 4 filing.
DigitalOcean Holdings director Hilary Schneider received a grant of 112 fully vested restricted stock units of common stock, valued at $166.90 per share. The grant was made under the non-employee director compensation policy in lieu of quarterly cash retainer fees, bringing her direct holdings to 25,658 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SCHNEIDER HILARY
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 112 | $166.90 | $19K |
Holdings After Transaction:
Common Stock — 25,658 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 112 shares
Grant valuation price: $166.90 per share
Post-transaction holdings: 25,658 shares
3 metrics
RSU grant size
112 shares
Fully vested restricted stock units granted to director
Grant valuation price
$166.90 per share
Valuation price used for the RSU grant
Post-transaction holdings
25,658 shares
Total DigitalOcean common shares held directly after grant
Key Terms
restricted stock units, RSUs, non-employee director compensation policy, quarterly retainer fees
4 terms
restricted stock units financial
"The security represents a grant of fully vested restricted stock units ("RSUs") to the Reporting Person."
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
"Each RSU represents a contingent right to receive one share of common stock of the Issuer."
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.
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
"policy in lieu of quarterly retainer fees."
FAQ
What insider transaction did DigitalOcean (DOCN) director Hilary Schneider report?
Hilary Schneider reported receiving 112 fully vested restricted stock units of DigitalOcean common stock. These RSUs were granted as part of the company’s non-employee director compensation policy instead of paying her quarterly board retainer fees in cash.
Was Hilary Schneider’s DigitalOcean (DOCN) Form 4 a stock purchase or a grant?
The Form 4 shows a stock grant, not an open-market purchase. Schneider received 112 fully vested restricted stock units as compensation, awarded under DigitalOcean’s non-employee director compensation policy in lieu of quarterly retainer fees normally paid in cash.
Why did DigitalOcean (DOCN) grant RSUs instead of cash fees to Hilary Schneider?
DigitalOcean granted RSUs instead of cash pursuant to its non-employee director compensation policy. Under this policy, quarterly board retainer fees may be paid in the form of fully vested restricted stock units, aligning director compensation more closely with shareholder equity interests.