Fastly (NYSE: FSLY) director receives 9,601 RSU equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Smith Vanessa C. reported acquisition or exercise transactions in this Form 4 filing.
Fastly, Inc. director Vanessa C. Smith received a grant of 9,601 shares of Class A common stock in the form of restricted stock units. These RSUs vest quarterly over one year, subject to her continued board service, and bring her direct holdings to 98,267 shares after the award.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Smith Vanessa C.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 9,601 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 98,267 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 9,601 shares
Post-transaction holdings: 98,267 shares
Grant price per share: $0.0000 per share
+1 more
4 metrics
RSU grant size
9,601 shares
Restricted stock units of Class A Common Stock granted
Post-transaction holdings
98,267 shares
Total Class A shares directly held after grant
Grant price per share
$0.0000 per share
RSU grant reported with no purchase price
Vesting schedule
Quarterly over one year
RSUs vest over one year from grant date
Key Terms
restricted stock units (RSUs), vest quarterly over one year, annual meeting of the Issuer's stockholders, continued service as a director
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.
vest quarterly over one year financial
"The RSUs vest quarterly over one year following the date of grant and will be fully vested"
annual meeting of the Issuer's stockholders regulatory
"fully vested on the earlier of the date of the next annual meeting of the Issuer's stockholders"
continued service as a director financial
"each subject to continued service as a director of the Issuer through each applicable vesting date"
FAQ
What did Fastly (FSLY) director Vanessa C. Smith report in this Form 4?
Vanessa C. Smith reported receiving 9,601 restricted stock units of Fastly Class A common stock as a grant. The award is compensation-related, carries no purchase price, and increases her direct holdings to 98,267 shares following the transaction.
How do Vanessa C. Smith’s Fastly RSUs vest according to the Form 4 footnote?
The RSUs vest quarterly over one year from the grant date, subject to continued service. They fully vest on the earlier of the next annual stockholder meeting (or immediately before it if she leaves then) or the one-year anniversary of grant.
Does the Fastly Form 4 show an open-market stock purchase or sale by Vanessa C. Smith?
No. The Form 4 shows a compensation-related grant of 9,601 restricted stock units with a zero dollar price per share. It does not report any open-market purchases or sales of Fastly Class A common stock by Vanessa C. Smith.
What type of transaction code is used in Vanessa C. Smith’s Fastly Form 4?
The transaction uses code “A,” which indicates a grant, award, or other acquisition. In this case, it reflects a director equity grant of 9,601 restricted stock units rather than a market trade in Fastly shares.
What conditions apply to vesting of Vanessa C. Smith’s Fastly RSU grant?
Vesting is contingent on her continued service as a Fastly director through each quarterly vesting date. The RSUs fully vest either at the next annual stockholder meeting timing described, or on the one-year anniversary from the grant date.