Exponent VP exercises RSUs, net share increase
Exponent Inc Group Vice President Richard Reiss reported routine equity compensation activity.
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Rhea-AI Filing Summary
Exponent Inc Group Vice President Richard Reiss reported routine equity compensation activity. He exercised 2,120 Restricted Stock Units granted on March 11, 2022, converting them into an equal number of common shares on a 1:1 basis. To cover related tax obligations, the company withheld 958 common shares at a value of $70.03 per share. After these transactions, Reiss directly holds 3,960 shares of Exponent common stock, indicating a net increase in his ownership from this award vesting and tax withholding event.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,120 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,120 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 958 | $70.03 | $67K |
Footnotes (3)
- F1. Reflects the conversion of shares of vested Restricted Stock Units granted on March 11, 2022 into shares of Common Stock on a 1:1 basis.
- F2. Not applicable.
- F3. Reflects shares of common stock withheld by the Company to satify the tax withholding obligations of the Reporting Person.
FAQ
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What insider transactions did Exponent (EXPO) report for Richard Reiss?
What do the Restricted Stock Unit conversions mean for Exponent (EXPO) insider ownership?
AI-generated analysis. How Rhea-AI works. Not financial advice.