Cash-settled stock award granted to 8x8 Inc (NASDAQ: EGHT) director
Rhea-AI Filing Summary
8x8, Inc. director John Pagliuca reported an acquisition of 65,533 units labeled as Common Stock, described in a footnote as an award of restricted stock units. The entire award will vest and settle in cash on the earlier of the one-year anniversary of grant or the next annual stockholder meeting, subject to his continued service. Following this grant, his reported direct holdings are 137,946 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 65,533 shares
Net Buy
1 txn
Insider
Pagliuca John
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 65,533 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 137,946 shares (Direct)
Footnotes (1)
- F1. Represents an award of restricted stock units. The entire award shall vest and settle in cash on the earlier of (a) the one-year anniversary of the date of grant, or (b) the date of the next annual meeting of the Issuers stockholders, in each case, subject to the Reporting Persons continued service to the Issuer through the applicable vesting date. The award represents the right to receive cash in an amount equal to the value of one share of the Issuers common stock on the applicable vesting date.
Key Figures
RSU-style units awarded: 65,533 units
Award price per share: $0.0000
Holdings after award: 137,946 shares
3 metrics
RSU-style units awarded
65,533 units
Grant/award acquisition to director John Pagliuca
Award price per share
$0.0000
Grant reported with no purchase price
Holdings after award
137,946 shares
Direct Common Stock holdings following the transaction
Key Terms
restricted stock units, vesting date, annual meeting of the Issuers stockholders, continued service
4 terms
restricted stock units financial
"Represents an award of restricted stock units."
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.
vesting date financial
"through the applicable vesting date."
annual meeting of the Issuers stockholders regulatory
"the date of the next annual meeting of the Issuers stockholders"
continued service financial
"subject to the Reporting Persons continued service to the Issuer"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did 8x8 (EGHT) director John Pagliuca report?
John Pagliuca reported an acquisition of 65,533 units labeled as Common Stock, described as an award of restricted stock units that will settle in cash based on 8x8’s share value at the vesting date.
How and when do John Pagliuca’s new 8x8 (EGHT) restricted stock units vest?
The entire award vests and settles in cash on the earlier of the one-year anniversary of the grant date or the date of 8x8’s next annual stockholder meeting, contingent on his continued service through that vesting date.
Is John Pagliuca’s 8x8 (EGHT) equity award settled in stock or cash?
The filing states the award will settle in cash, with the award representing the right to receive cash equal to the value of one share of 8x8 common stock on the applicable vesting date, rather than receiving actual shares.
What are John Pagliuca’s 8x8 (EGHT) holdings after this reported award?
After the reported award, John Pagliuca’s direct holdings are listed as 137,946 shares of 8x8 Common Stock. This figure reflects his position immediately following the grant recorded in the Form 4.
Was John Pagliuca’s 8x8 (EGHT) transaction under a Rule 10b5-1 trading plan?
The Form 4 indicates the Rule 10b5-1 checkbox is not affirmatively checked, and the transaction is reported as a grant or award acquisition, not as a trade executed under a 10b5-1 trading plan.