Flywire (FLYW) director Christine Katziff receives 11,558-share RSU grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Katziff Christine reported acquisition or exercise transactions in this Form 4 filing.
Flywire Corp director Christine Katziff received an award of 11,558 shares of Voting Common Stock in the form of restricted stock units. These units were granted at no cash cost and will vest on the earlier of June 2, 2027, or Flywire’s next annual stockholder meeting, as long as she continues serving the company. The award will fully vest sooner if there is a change in control of Flywire, or upon her earlier death or disability. After this grant, she holds 39,783 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Katziff Christine
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Voting Common Stock | 11,558 | $0.00 | -- |
Holdings After Transaction:
Voting Common Stock — 39,783 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 11,558 shares
Grant price: $0.0000 per share
Post-transaction holdings: 39,783 shares
+1 more
4 metrics
RSU grant size
11,558 shares
Restricted stock unit award to director on June 2, 2026
Grant price
$0.0000 per share
Reported price for RSU grant (compensation, not market purchase)
Post-transaction holdings
39,783 shares
Total Voting Common Stock directly held after grant
Standard vesting date
June 2, 2027
RSUs vest on earlier of this date or next annual meeting
Key Terms
restricted stock unit award, change in control, Voting Common Stock
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.
Voting Common Stock financial
"security_title: Voting Common Stock"
FAQ
What did Flywire (FLYW) director Christine Katziff report in this Form 4?
She reported receiving 11,558 Flywire restricted stock units as a compensation grant. The award was made at no cash cost and increases her direct holdings to 39,783 shares after the transaction.
When do Christine Katziff’s new Flywire (FLYW) restricted stock units vest?
The 11,558 restricted stock units vest on the earlier of June 2, 2027, or Flywire’s next annual stockholder meeting, provided she continues serving the company through that date under the award terms.
What happens to Katziff’s Flywire (FLYW) RSUs if there is a change in control?
If there is a change in control at Flywire, her 11,558 restricted stock units will accelerate and fully vest. They also fully vest upon her earlier death or disability, according to the award’s conditions.