Flywire (FLYW) director Edwin Santos granted 11,558 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Santos Edwin J reported acquisition or exercise transactions in this Form 4 filing.
Flywire Corp director Edwin J. Santos received an equity award of 11,558 shares of Voting Common Stock as a restricted stock unit grant. The award was made at no cash cost per share and increases his direct holdings to 28,548 shares.
The restricted stock units vest on the earlier of June 2, 2027, or Flywire’s next annual stockholder meeting, as long as he continues providing service through that date. The units will also fully vest earlier if there is a change in control of the company, or upon his death or disability.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Santos Edwin J
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Voting Common Stock | 11,558 | $0.00 | -- |
Holdings After Transaction:
Voting Common Stock — 28,548 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 11,558 shares
Grant price: $0.00 per share
Post-grant holdings: 28,548 shares
+1 more
4 metrics
RSU grant size
11,558 shares
Restricted stock unit award of Voting Common Stock
Grant price
$0.00 per share
Compensation-related award, no cash paid by director
Post-grant holdings
28,548 shares
Total direct Voting Common Stock after transaction
Latest vesting date
June 2, 2027
Vests on earlier of this date or next annual meeting
Key Terms
restricted stock unit, change in control, Voting Common Stock, grant, award, or other acquisition
4 terms
restricted stock unit financial
"Represents a restricted stock unit award that vests on the earlier of"
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""
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
What insider transaction did Flywire (FLYW) report for Edwin J. Santos?
Flywire reported that director Edwin J. Santos received a grant of 11,558 restricted stock units of Voting Common Stock. The award was granted at no cash cost per share and raises his direct holdings to 28,548 shares after the transaction.
When do Edwin J. Santos’s new Flywire (FLYW) restricted stock units vest?
The 11,558 restricted stock units granted to Edwin J. Santos vest on the earlier of June 2, 2027 or Flywire’s next annual stockholder meeting, assuming he provides continuous service to the company through that vesting date.
What triggers accelerated vesting for Edwin J. Santos’s Flywire (FLYW) stock units?
The restricted stock units will fully vest early if there is a change in control of Flywire, or upon Edwin J. Santos’s death or disability. These conditions provide additional protection on the value of his equity award under specific events.
Was Edwin J. Santos’s Flywire (FLYW) equity grant an open-market purchase?
No. The transaction is classified as a grant, award, or other acquisition of 11,558 restricted stock units at $0.00 per share, meaning it is a compensation-related stock award rather than an open-market purchase of Flywire shares.