8x8 (EGHT) CEO receives 804,000-share restricted stock unit award
Rhea-AI Filing Summary
Wilson Samuel C. reported acquisition or exercise transactions in this Form 4 filing.
8x8, Inc. Chief Executive Officer Samuel C. Wilson reported receiving a grant of 804,000 shares of common stock in the form of restricted stock units at a per-share price of $0.00. After this equity award, he holds 2,742,050 common shares directly.
The award vests over time. One-third of the underlying shares are scheduled to vest on the first anniversary of the vesting commencement date of June 1, 2026, with approximately 8.3375% of the units vesting each quarter over the following eight quarters, subject to his continued employment or association with the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 804,000 | $0.00 | $0.00 |
Footnotes (1)
- F1. Represents the grant of a restricted stock award. The RSUs shall vest with respect to one-third (33.3%) of the total number of underlying shares on the first anniversary of the Vesting Commencement Date of June 1, 2026, then eight and one-third percent (8.3375%) vesting each quarter thereafter, over a period of eight (8) quarters, subject to the participant's continued employment or other association with the Company. Each restricted stock unit represents a contingent right to receive one share of EGHT common stock.
Key Figures
Key Terms
restricted stock award financial
restricted stock unit financial
vesting commencement date financial
contingent right financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did 8x8 (EGHT) report for CEO Samuel C. Wilson?
8x8 reported that CEO Samuel C. Wilson received a grant of 804,000 restricted stock units of common stock. These units represent a compensation-related equity award rather than an open-market stock purchase or sale.
What is the vesting schedule for the 804,000 RSUs granted by 8x8 (EGHT)?
The 804,000 RSUs vest over time: one-third vests on the first anniversary of the June 1, 2026 vesting commencement date, then about 8.3375% vests each quarter for eight quarters, subject to continued employment or association.
What does each restricted stock unit granted by 8x8 (EGHT) represent?
Each restricted stock unit represents a contingent right to receive one share of 8x8 common stock. Delivery of the shares depends on the units vesting under the time-based schedule and continued service conditions.