Director at ERock (EROC) receives 13,024 RSU equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ERock, Inc. director Charles D. Boynton received an equity grant of 13,024 restricted stock units tied to the company’s Class A common stock. The units were granted at no cash cost and will vest on the earlier of the first anniversary of the grant date or the next annual meeting of stockholders, subject to his continued service. Following this award, his directly held position from this grant is 13,024 shares on a vested-and-settled basis once the units convert.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
BOYNTON CHARLES D
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 13,024 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 13,024 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 13,024 units
Grant price per unit: $0.0000
Shares following transaction: 13,024 shares
3 metrics
RSU grant size
13,024 units
Restricted stock units tied to Class A common stock
Grant price per unit
$0.0000
Equity compensation grant with no cash cost
Shares following transaction
13,024 shares
Total reported holdings after RSU grant
Key Terms
restricted stock units, vest, annual meeting of stockholders, Class A common stock
4 terms
restricted stock units financial
"Consists of 13,024 restricted stock units granted 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.
vest financial
"which will vest on the earlier of the first anniversary of the grant date"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
annual meeting of stockholders financial
"or the Issuer's next annual meeting of stockholders"
Class A common stock financial
"represents the right to receive one share of Class A common stock of the Issuer"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
What insider transaction did ERock (EROC) report for Charles D. Boynton?
ERock reported that director Charles D. Boynton received a grant of 13,024 restricted stock units of Class A common stock. The award is a compensation-related equity grant at no cash cost, rather than an open-market share purchase or sale.
When do Charles D. Boynton’s ERock (EROC) restricted stock units vest?
The 13,024 restricted stock units will vest on the earlier of the first anniversary of the grant date or ERock’s next annual meeting of stockholders. Vesting is conditioned on Charles D. Boynton’s continued service to the company through that vesting date.
Did Charles D. Boynton pay cash for his new ERock (EROC) RSU award?
No, the filing shows the grant price per unit as 0.0000, indicating no cash payment was required. The RSUs are a stock-based compensation award rather than a market transaction, aligning the director’s interests with shareholders through future share delivery.