Shift4 Payments (NYSE: FOUR) grants director 5,100 restricted units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Dallaire Seth reported acquisition or exercise transactions in this Form 4 filing.
Shift4 Payments director Seth Dallaire received an equity award of 5,100 shares of Class A Common Stock as a grant, not an open-market purchase. The grant is in the form of restricted stock units that vest in full on the one-year anniversary of the grant date, subject to his continued service. Following this award, Dallaire directly holds 8,084 Class A shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Dallaire Seth
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 5,100 | $41.18 | $210K |
Holdings After Transaction:
Class A Common Stock — 8,084 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU award size: 5,100 shares
Reported share value: $41.18 per share
Total shares after grant: 8,084 shares
+1 more
4 metrics
RSU award size
5,100 shares
Grant of Class A Common Stock restricted stock units
Reported share value
$41.18 per share
Value used for the 5,100-share award
Total shares after grant
8,084 shares
Direct Class A Common Stock holdings following the transaction
Vesting period
One year
RSUs vest in full one year after the grant date
Key Terms
restricted stock units, vest in full, continued service
3 terms
restricted stock units financial
"Represents an award of restricted stock units, which vest in full"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
vest in full financial
"restricted stock units, which vest in full on the one year anniversary"
continued service financial
"vest in full on the one year anniversary ... subject to the Reporting Person's continued service"
FAQ
What did Shift4 Payments (FOUR) director Seth Dallaire receive in this Form 4?
Seth Dallaire received an award of 5,100 shares of Shift4 Payments Class A Common Stock as restricted stock units. This is a compensation-related grant, not an open-market share purchase or sale transaction.
At what price was the Shift4 Payments (FOUR) stock award valued?
The 5,100-share award to Seth Dallaire was valued at $41.18 per share. This price is typically used for reporting and accounting purposes and does not mean he bought the shares in the open market.
How and when do Seth Dallaire’s Shift4 Payments (FOUR) RSUs vest?
The restricted stock units vest in full on the one-year anniversary of the grant date. Vesting is contingent on Dallaire’s continued service with Shift4 Payments through that vesting date, according to the filing footnote.
Is the Shift4 Payments (FOUR) Form 4 transaction a buy or a grant?
The Form 4 reflects a grant or award acquisition, coded as “A,” rather than an open-market purchase. Dallaire received 5,100 restricted stock units as part of his compensation, so no open-market buying or selling occurred.