8x8 CEO granted 804,000 restricted stock units
Wilson Samuel C. reported acquisition or exercise transactions in this Form 4 filing.
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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.
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
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.