GoDaddy (GDDY) grants 3,843 RSUs to board director Sharples
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SHARPLES BRIAN reported acquisition or exercise transactions in this Form 4 filing.
GoDaddy Inc. director Brian Sharples received an equity award of 3,843 Restricted Stock Units (RSUs), representing future delivery of Class A Common Stock at no cash cost. These RSUs will vest in full on the day immediately before GoDaddy’s next annual stockholder meeting, as long as he continues as a service provider. After this grant, his directly held Class A Common Stock position reported in the filing is 23,800 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SHARPLES BRIAN
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 3,843 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 23,800 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 3,843 RSUs
Grant price: $0.0000 per share
Shares after transaction: 23,800 shares
3 metrics
RSUs granted
3,843 RSUs
Equity award to director Brian Sharples
Grant price
$0.0000 per share
RSU grant price
Shares after transaction
23,800 shares
Class A Common Stock held directly after 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 to the Issuer's next annual meeting of stockholders"
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
"shall 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 did GoDaddy (GDDY) director Brian Sharples acquire in this Form 4 filing?
Brian Sharples received a grant of 3,843 Restricted Stock Units (RSUs) tied to GoDaddy Class A Common Stock. These RSUs were awarded at no cash cost, representing additional equity-based compensation for his board service.
How and when do Brian Sharples’ GoDaddy RSUs from this grant vest?
The 3,843 GoDaddy RSUs will vest fully on the day immediately prior to the company’s next annual meeting of stockholders. Vesting is conditioned on Sharples continuing to be a service provider to GoDaddy through that vesting date.
Does Brian Sharples pay cash for the 3,843 GoDaddy RSUs reported in this filing?
No, the 3,843 GoDaddy RSUs were granted at a price per share of 0.0000, meaning Sharples did not pay cash for the award. The grant represents stock-based compensation rather than an open-market purchase.
What happens when Brian Sharples’ GoDaddy RSUs from this grant vest?
Upon vesting, the RSUs will settle in shares of GoDaddy Class A Common Stock. The filing states that once vested, Sharples will receive the underlying shares, increasing his actual share ownership accordingly.