Director Gretchen Howard awarded 11,558 RSUs at Flywire (FLYW)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Flywire Corp director Gretchen Howard received a grant of 11,558 shares of Voting Common Stock as a restricted stock unit award. This is a compensation-related acquisition at no cash cost per share. Following the grant, she holds 59,318 shares directly.
The restricted stock units vest on the earlier of June 2, 2027, or Flywire’s next annual meeting of stockholders, provided she continues to serve the company through that date. The award will also fully vest if there is a change in control of Flywire, or upon her earlier death or disability.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Howard Gretchen
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Voting Common Stock | 11,558 | $0.00 | -- |
Holdings After Transaction:
Voting Common Stock — 59,318 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 11,558 shares
Post-transaction holdings: 59,318 shares
Grant price: $0.00 per share
+1 more
4 metrics
RSU grant size
11,558 shares
Restricted stock units of Voting Common Stock granted on June 2, 2026
Post-transaction holdings
59,318 shares
Total direct Voting Common Stock held after the grant
Grant price
$0.00 per share
Compensation award, not an open-market purchase
Vesting date
June 2, 2027
Latest possible vesting date, or earlier at next annual meeting
Key Terms
restricted stock unit, change in control, Voting Common Stock
3 terms
restricted stock unit financial
"Represents a restricted stock unit award that vests on the earlier of (a) June 2, 2027..."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
change in control financial
"the restricted stock unit award will accelerate and fully vest upon a change in control..."
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
Voting Common Stock financial
"security_title: "Voting Common Stock""
FAQ
What insider transaction did Flywire (FLYW) report for director Gretchen Howard?
Flywire reported that director Gretchen Howard received a grant of 11,558 restricted stock units of Voting Common Stock. This is a compensation-related award at no cash cost per share, increasing her direct holdings to 59,318 shares after the transaction.
What are the vesting terms of Gretchen Howard’s 11,558 Flywire restricted stock units?
The 11,558 restricted stock units vest on the earlier of June 2, 2027, or Flywire’s next annual meeting of stockholders. Vesting requires continuous service, and the units fully accelerate upon a change in control, or upon Gretchen Howard’s earlier death or disability.
What does the Form 4 footnote say about Gretchen Howard’s Flywire RSU award?
The footnote explains the RSU award vests on the earlier of June 2, 2027, or the next annual stockholders’ meeting, subject to continuous service. It also states vesting accelerates fully upon a change in control, or Gretchen Howard’s earlier death or disability.