GoDaddy (GDDY) director receives 2,925 RSUs in equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SMITH GRAHAM reported acquisition or exercise transactions in this Form 4 filing.
GoDaddy Inc. director Graham Smith reported an equity grant of 2,925 shares of Class A Common Stock in the form of Restricted Stock Units. The award was received at no cash cost as compensation, rather than through an open-market purchase or sale.
The RSUs will vest fully on the day immediately before GoDaddy’s next annual stockholder meeting, as long as Smith continues serving as a service provider. Delivery of the underlying shares will occur on a future date under his deferral election. After this grant, he directly holds 6,267 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SMITH GRAHAM
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 2,925 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 6,267 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 2,925 shares
Grant price: $0.0000 per share
Shares held after grant: 6,267 shares
3 metrics
RSU grant size
2,925 shares
Class A Common Stock RSUs granted to director
Grant price
$0.0000 per share
Equity compensation, not open-market purchase
Shares held after grant
6,267 shares
Director’s direct holdings following transaction
Key Terms
Restricted Stock Units (RSUs), Service Provider, deferral election, deferred equity program
4 terms
Restricted Stock Units (RSUs) financial
"Represents Restricted Stock Units (RSUs), which shall vest fully on the day immediately prior to the Issuer's next annual meeting"
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.
Service Provider financial
"subject to the Reporting Person's continuing to be a Service Provider for the Issuer"
deferral election financial
"Pursuant to a valid deferral election under the Issuer's deferred equity program, delivery of the underlying shares"
deferred equity program financial
"under the Issuer's deferred equity program, delivery of the underlying shares of Class A Common Stock will occur on a future date"
FAQ
What insider transaction did GoDaddy (GDDY) director Graham Smith report?
Graham Smith reported receiving 2,925 Restricted Stock Units of GoDaddy Class A Common Stock as an equity grant. The award was reported as a compensation-related acquisition rather than an open-market trade, reflecting additional stock-based pay for his board service.
Is Graham Smith’s GoDaddy (GDDY) RSU grant an open-market stock purchase?
No, the filing describes the grant using code A, meaning a grant, award, or other acquisition, not an open-market purchase. The 2,925 RSUs are compensation and carry a zero transaction price, differentiating them from typical buy or sell transactions.
When do Graham Smith’s GoDaddy (GDDY) RSUs vest and settle?
The RSUs vest fully on the day immediately prior to GoDaddy’s next annual stockholder meeting, subject to Smith continuing as a service provider. Actual share delivery occurs on a future date under his valid deferral election, according to the company’s deferred equity program terms.
What does the deferral election mean in Graham Smith’s GoDaddy (GDDY) RSU award?
The deferral election means Smith chose to receive the underlying GoDaddy Class A shares at a later date, rather than immediately upon vesting. Delivery will occur in the future under the company’s deferred equity program, consistent with the terms of his deferral election.