Flywire (FLYW) director Matthew Harris receives 11,558-share RSU grant with vesting to 2027
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Harris Matthew C reported acquisition or exercise transactions in this Form 4 filing.
Flywire Corp director Matthew C. Harris received a new equity grant in the form of restricted stock units. The award covers 11,558 shares of Voting Common Stock at no cash cost, reflecting stock-based compensation rather than an open-market purchase.
The restricted stock units vest on the earlier of June 2, 2027 or Flywire’s next annual meeting of stockholders, as long as Harris continues serving the company until that date. The units will fully vest sooner if there is a change in control of Flywire or upon Harris’s death or disability. After this grant, he holds 39,014 shares of Voting Common Stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Harris Matthew C
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Voting Common Stock | 11,558 | $0.00 | -- |
Holdings After Transaction:
Voting Common Stock — 39,014 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 11,558 shares
Post-transaction holdings: 39,014 shares
Vesting date: June 2, 2027
+1 more
4 metrics
RSU grant size
11,558 shares
Restricted stock unit award to director Matthew C. Harris
Post-transaction holdings
39,014 shares
Voting Common Stock held directly after the grant
Vesting date
June 2, 2027
Latest vesting date, or earlier at next annual meeting
Grant price per share
$0.0000 per share
Compensation grant, not open-market purchase
Key Terms
restricted stock unit award, change in control, continuous service
3 terms
restricted stock unit award financial
"Represents a restricted stock unit award that vests on the earlier of (a) June 2, 2027..."
A restricted stock unit award is a promise by a company to give an employee a specified number of company shares at a future date if certain conditions are met, such as staying with the company or hitting performance goals. For investors, these awards matter because they can increase the total number of shares outstanding when converted, diluting existing holders, and they align employees’ incentives with shareholders’ interests much like giving a rising bonus that becomes real only after conditions are satisfied.
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.
continuous service financial
"provided that the Reporting Person has provided continuous service to the Issuer through such date."
FAQ
What did Flywire (FLYW) director Matthew C. Harris report in this Form 4?
Matthew C. Harris reported receiving a restricted stock unit award for 11,558 shares of Flywire Voting Common Stock. The grant is stock-based compensation, not an open-market purchase, and increases his directly held position to 39,014 shares following the transaction.
When do Matthew C. Harris’s Flywire (FLYW) restricted stock units vest?
The restricted stock units vest on the earlier of June 2, 2027, or Flywire’s next annual meeting of stockholders. Vesting also depends on Harris providing continuous service to Flywire through the applicable date as specified in the award’s vesting terms.
Do Harris’s Flywire (FLYW) restricted stock units have any acceleration provisions?
Yes. The filing states the restricted stock unit award will accelerate and fully vest upon a change in control of Flywire, or upon Harris’s earlier death or disability. These provisions allow earlier vesting if one of those specific events occurs.