EverCommerce (EVCM) director receives 22,346 RSU award tied to board service
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
EverCommerce Inc. director Richard A. Simonson received an equity award of 22,346 shares of Common Stock in the form of Restricted Stock Units (RSUs). The award carries no cash exercise price. After this grant, he directly holds 99,811 shares of EverCommerce common stock.
Each RSU represents a contingent right to receive one share of common stock. The RSUs vest and settle on the earlier of the day immediately before the company’s first annual stockholders’ meeting following the grant date or the first anniversary of the grant, if he continues serving on the board.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Simonson Richard A
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 22,346 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 99,811 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSUs granted: 22,346 shares
Total shares held after grant: 99,811 shares
Transaction price per share: $0.0000 per share
3 metrics
RSUs granted
22,346 shares
Award of Restricted Stock Units to director on transaction date
Total shares held after grant
99,811 shares
Director’s direct holdings following RSU award
Transaction price per share
$0.0000 per share
Reported price for RSU grant (no cash purchase)
Key Terms
Restricted Stock Units ("RSUs"), contingent right, vest and settle, annual meeting of stockholders, +1 more
5 terms
Restricted Stock Units ("RSUs") financial
"Represents an award of Restricted Stock Units ("RSUs"). Each RSU represents a contingent right to receive one share..."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
contingent right financial
"Each RSU represents a contingent right to receive one share of the Issuer's Common Stock."
vest and settle financial
"The RSUs shall vest and settle on the earlier of (i) the day immediately preceding..."
annual meeting of stockholders financial
"the day immediately preceding the date of the Issuer's first annual meeting of stockholders following the date of grant..."
Reporting Person regulatory
"subject to the Reporting Person continuing in service on the Issuer's Board through the applicable vesting date."
FAQ
What insider transaction did EverCommerce (EVCM) report for Richard A. Simonson?
EverCommerce reported that director Richard A. Simonson received an award of 22,346 Restricted Stock Units of Common Stock. Each RSU represents a contingent right to one share, with vesting tied to future service on the company’s board of directors.
What are the vesting conditions for Richard A. Simonson’s EverCommerce RSU grant?
The RSUs vest and settle on the earlier of the day immediately before EverCommerce’s first annual stockholders’ meeting after the grant date or the first anniversary of the grant. Vesting requires Simonson to continue serving on the board through the applicable vesting date.
What type of transaction code appears on Richard A. Simonson’s EverCommerce Form 4?
The Form 4 uses transaction code “A,” indicating a grant, award, or other acquisition of securities. In this case, it reflects an award of 22,346 Restricted Stock Units, which are equity-based compensation tied to continued board service and future vesting.