Grid Dynamics (NASDAQ: GDYN) director Lloyd Carney awarded 2,309 RSUs after correction
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
CARNEY LLOYD reported acquisition or exercise transactions in this Form 4 filing.
GRID DYNAMICS HOLDINGS, INC. director Lloyd Carney corrected a prior administrative error in his insider report and confirmed a grant of 2,309 RSUs of Common Stock. The RSUs carry a zero dollar grant price and each represents a contingent right to one share.
The RSUs will vest on March 23, 2026, provided Carney continues serving on the Grid Dynamics board and applicable board committees through that date. Following the correction, he holds 692,286 shares directly, with additional indirect holdings in several Carney-related trusts and a charitable foundation.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
CARNEY LLOYD
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,309 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 692,286 shares (Direct);
Common Stock — 12,542 shares (Indirect, See footnote)
Footnotes (1)
- The initial Form 4, filed on December 29, 2025, is being amended by this Form 4 amendment to correct an administrative error, which misreported the number of RSUs awarded. These securities are RSUs, each of which represents a contingent right to receive one share of Common Stock. The RSUs shall vest on March 23, 2026, subject to the Reporting Person continuing as a service provider in the same Grid Dynamics Holdings, Inc. board of directors and (if applicable) board committee roles through such date. The shares are held by The Lloyd A. Carney Revocable Trust dated September 25, 1995. The shares are held by The Lloyd Carney Foundation (the "Foundation"). The Foundation is a 501(c)(3) charitable organization controlled by the Reporting Person. The shares are held by the Lloyd Carney 2018 Grantor Retained Annuity Trust. The shares are held by the Lloyd Carney 2020 Grantor Retained Annuity Trust.
Key Figures
RSU grant size: 2,309 RSUs
Grant price: $0.0000 per share
Direct holdings after award: 692,286 shares
+5 more
8 metrics
RSU grant size
2,309 RSUs
Common Stock grant to director Lloyd Carney
Grant price
$0.0000 per share
RSU award price
Direct holdings after award
692,286 shares
Carney direct Common Stock holdings after transaction
Revocable Trust holdings
19,675 shares
Held by The Lloyd A. Carney Revocable Trust
Foundation holdings
288,800 shares
Held by The Lloyd Carney Foundation
2018 GRAT holdings
5,200 shares
Held by Lloyd Carney 2018 Grantor Retained Annuity Trust
2020 GRAT holdings
12,542 shares
Held by Lloyd Carney 2020 Grantor Retained Annuity Trust
RSU vesting date
March 23, 2026
Vesting contingent on continued board service
Key Terms
RSUs, Grant, award, or other acquisition, Revocable Trust, Grantor Retained Annuity Trust, +1 more
5 terms
RSUs financial
"These securities are RSUs, each of which represents a contingent right to receive one share of Common Stock."
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
Revocable Trust financial
"The shares are held by The Lloyd A. Carney Revocable Trust dated September 25, 1995."
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
Grantor Retained Annuity Trust financial
"The shares are held by the Lloyd Carney 2018 Grantor Retained Annuity Trust."
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
501(c)(3) charitable organization financial
"The Foundation is a 501(c)(3) charitable organization controlled by the Reporting Person."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did GDYN director Lloyd Carney report on this Form 4/A?
Lloyd Carney reported a corrected grant of 2,309 RSUs of Grid Dynamics Common Stock. The amendment fixes an earlier administrative error that misreported the RSU amount, clarifying his equity-based compensation and current holdings in the company.
Why was Lloyd Carney’s original GDYN Form 4 amended?
The original Form 4 was amended to correct an administrative error in the number of RSUs awarded. This Form 4/A states the accurate RSU grant size, ensuring Carney’s disclosed equity awards and ownership records align with the company’s actual compensation decision.
When do Lloyd Carney’s 2,309 GDYN RSUs vest?
The 2,309 RSUs vest on March 23, 2026, if service conditions are met. Vesting requires Carney to continue as a service provider in the same Grid Dynamics board and, if applicable, board committee roles through that vesting date.
What are the vesting conditions attached to Lloyd Carney’s GDYN RSU grant?
The RSUs vest only if Carney remains a service provider in his current board and relevant committee roles through March 23, 2026. This structure ties the equity award directly to his continued governance service with Grid Dynamics Holdings, Inc.