GoDaddy (NYSE: GDDY) director Herald Chen granted 2,925 RSUs as equity compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GoDaddy Inc. director Herald Y. Chen received a grant of 2,925 Restricted Stock Units (RSUs). These RSUs were awarded at no cash cost per unit and, once vested, will convert into an equal number of Class A Common Stock shares.
The award will vest in full on the day immediately before GoDaddy’s next annual meeting of stockholders, as long as Chen continues to serve as a service provider to the company. After this grant, Chen holds 21,582 shares of Class A Common Stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Chen Herald Y
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 2,925 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 21,582 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 2,925 units
Grant price: $0.00 per unit
Shares held after: 21,582 shares
3 metrics
RSUs granted
2,925 units
Restricted Stock Units awarded to director Herald Y. Chen
Grant price
$0.00 per unit
Stated transaction price per RSU in the award
Shares held after
21,582 shares
Class A Common Stock directly owned after the grant
Key Terms
Restricted Stock Units (RSUs), annual meeting of stockholders, Service Provider
3 terms
Restricted Stock Units (RSUs) financial
"Represents Restricted Stock Units (RSUs), which shall vest fully on the day immediately prior"
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.
annual meeting of stockholders financial
"vest fully on the day immediately prior to the Issuer's next annual meeting of stockholders"
Service Provider financial
"subject to the Reporting Person's continuing to be a Service Provider for the Issuer"
FAQ
What insider transaction did GoDaddy (GDDY) director Herald Chen report?
Director Herald Y. Chen reported receiving 2,925 Restricted Stock Units from GoDaddy. These are compensation-related awards, not open-market purchases, and will convert into Class A Common Stock when they vest under the terms of the grant.
What are the vesting terms of Herald Chen’s GoDaddy RSU grant?
The 2,925 Restricted Stock Units will vest fully on the day immediately prior to GoDaddy’s next annual meeting of stockholders. Vesting is conditioned on Chen continuing to serve as a service provider to the company through that date.
Does Herald Chen pay cash for the GoDaddy RSUs reported on Form 4?
No, the 2,925 Restricted Stock Units were granted at a stated price of $0.00 per unit. They are a form of equity compensation that will convert into Class A Common Stock upon vesting, without an additional purchase payment by Chen.
Do Herald Chen’s GoDaddy RSUs immediately become Class A Common Stock?
No, the RSUs convert into Class A Common Stock only upon vesting. Once the units vest, Chen will receive shares of GoDaddy’s Class A Common Stock on a one-for-one basis, according to the footnote disclosure in the Form 4.