Flywire (FLYW) awards 244,565 RSUs to executive David R. King
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Flywire Corp reported that executive David R. King received a grant of 244,565 shares of Voting Common Stock in the form of restricted stock units at a price of $0.00 per share. These RSUs vest 25% on March 1, 2027, with the remaining shares vesting in equal quarterly installments over the following three years, contingent on continued service.
After this award and an adjustment for 1,243 shares acquired under the employee stock purchase plan, King directly holds 1,127,491 shares. An additional 276,204 shares are held indirectly by the D R King Revocable Trust, for which he is a trustee and disclaims beneficial ownership except for any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
King David R.
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Voting Common Stock | 244,565 | $0.00 | -- |
| holding | Voting Common Stock | -- | -- | -- |
Holdings After Transaction:
Voting Common Stock — 1,127,491 shares (Direct);
Voting Common Stock — 276,204 shares (Indirect, By Revocable Trust)
Footnotes (1)
- Represents shares of common stock underlying a time-based restricted stock unit award (RSU). The RSU vests with respect to 25% of the shares on March 1, 2027, with the remainder vesting in equal quarterly installments over the following three years, provided that the Reporting Person has provided continuous service to the Issuer through the applicable vesting date. Adjusted to reflect 1,243 shares acquired under the Issuer's Employee Stock Purchase Plan. The shares are held by the D R King Revocable Trust Dated 10/05/07, of which the Reporting Person is a trustee. The Reporting Person disclaims beneficial ownership of these shares and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such shares for purposes of Section 16 or for any other purpose, except to the extent of the Reporting Person's pecuniary interests therein, if any.
FAQ
What did David R. King receive in this Flywire (FLYW) Form 4 filing?
David R. King received a grant of 244,565 restricted stock units of Flywire Voting Common Stock. The award was reported at a price of $0.00 per share and increases his reported direct equity stake in the company.
How do the 244,565 RSUs granted to David R. King at Flywire (FLYW) vest?
The 244,565 RSUs vest 25% on March 1, 2027, with the remaining 75% vesting in equal quarterly installments over the following three years. Each vesting tranche requires David R. King to maintain continuous service with Flywire through the applicable vesting date.