Fastly (NYSE: FSLY) director granted 9,601 RSUs as stock compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hornik David reported acquisition or exercise transactions in this Form 4 filing.
Fastly, Inc. director David Hornik received an equity grant in the form of restricted stock units tied to the company’s Class A common stock. The award covers 9,601 RSUs, each representing one share, with no cash paid per share for the grant.
The RSUs vest quarterly over one year from the grant date and will be fully vested on the earlier of the next annual stockholder meeting (or just before it if his board service ends then) or the one-year anniversary, subject to his continued service as a director. After this grant, he directly holds 269,431 shares of Fastly Class A common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hornik David
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 9,601 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 269,431 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 9,601 shares
Grant price: $0.00 per share
Holdings after grant: 269,431 shares
+1 more
4 metrics
RSUs granted
9,601 shares
Restricted stock units awarded to director on acquisition date
Grant price
$0.00 per share
Stock-based compensation, no cash paid for RSUs
Holdings after grant
269,431 shares
Total direct Class A common stock following RSU award
Vesting schedule
Quarterly over one year
RSUs vest over one year from grant date
Key Terms
restricted stock units (RSUs), Class A Common Stock, vesting, annual meeting of the Issuer's stockholders
4 terms
restricted stock units (RSUs) financial
"The shares are represented by restricted stock units (RSUs). Each RSU represents a contingent right to receive one share..."
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
Class A Common Stock financial
"Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
vesting financial
"The RSUs vest quarterly over one year following the date of grant and will be fully vested on the earlier of the date of the next annual meeting..."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
annual meeting of the Issuer's stockholders financial
"fully vested on the earlier of the date of the next annual meeting of the Issuer's stockholders..."
FAQ
What did Fastly (FSLY) director David Hornik report in this Form 4?
David Hornik reported receiving a grant of 9,601 restricted stock units tied to Fastly’s Class A common stock. These RSUs are compensation for his board service and increase his direct holdings to 269,431 shares after the award.
How do David Hornik’s Fastly (FSLY) RSUs vest?
The 9,601 RSUs vest quarterly over one year from the grant date. They become fully vested at the earlier of Fastly’s next annual stockholder meeting, or its immediate predecessor if his service ends then, or the one-year anniversary, assuming continued board service.
What are David Hornik’s Fastly (FSLY) holdings after this Form 4 transaction?
Following the RSU grant, David Hornik directly owns 269,431 shares of Fastly Class A common stock. This total includes the newly awarded 9,601 restricted stock units, which convert into shares as they vest according to the described schedule.
Is David Hornik’s Fastly (FSLY) Form 4 transaction a market purchase or sale?
The Form 4 shows a grant of 9,601 restricted stock units, coded as an acquisition (A) for compensation, not a market trade. No open-market buying or selling occurred; the award was given by Fastly as part of his director compensation.