Director at Gemini Space Station (GEMI) receives 42,462 RSUs as equity compensation grant
Rhea-AI Filing Summary
Esposito James Anthony reported acquisition or exercise transactions in this Form 4 filing.
Gemini Space Station director James Anthony Esposito received an equity grant of 42,462 Class A common stock units. These were awarded as restricted stock units (RSUs) under the company’s Non-Employee Director Compensation Policy at a stated price of $0.00 per share, indicating a compensation grant rather than a market purchase.
The RSUs vest on the earlier of the first anniversary of the grant date or the day immediately before Gemini Space Station’s next annual stockholder meeting, as long as Esposito continues serving as a director. After this award, he holds a total of 49,604 Class A shares directly, showing this is a sizable but routine director compensation grant rather than a discretionary open-market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 42,462 shares
Net Buy
1 txn
Insider
Esposito James Anthony
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 42,462 | $0.00 | $0.00 |
Holdings After Transaction:
Class A Common Stock — 49,604 shares (Direct)
Footnotes (1)
- F1. Represents restricted stock units ("RSUs") granted to the Reporting Person pursuant to the Issuer's Non-Employee Director Compensation Policy. Each RSU represents a contingent right to receive one share of the Issuer's Class A common stock upon vesting. The RSUs vest on the earlier of (i) the first anniversary of the grant date and (ii) the day immediately preceding the Issuer's next annual meeting of stockholders following the grant date, subject to the Reporting Person's continued service through the applicable vesting date.
Key Figures
RSUs granted: 42,462 units
Grant price: $0.00 per share
Total shares after grant: 49,604 shares
3 metrics
RSUs granted
42,462 units
Restricted stock units granted to director on transaction date
Grant price
$0.00 per share
Stated transaction price for RSU award
Total shares after grant
49,604 shares
Director’s direct Class A holdings following the transaction
Key Terms
restricted stock units ("RSUs"), Non-Employee Director Compensation Policy, vesting, annual meeting of stockholders
4 terms
restricted stock units ("RSUs") financial
"Represents restricted stock units ("RSUs") granted to the Reporting Person"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Non-Employee Director Compensation Policy financial
"granted to the Reporting Person pursuant to the Issuer's Non-Employee Director Compensation Policy"
vesting financial
"Each RSU represents a contingent right to receive one share ... upon vesting"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
annual meeting of stockholders financial
"the day immediately preceding the Issuer's next annual meeting of stockholders"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Gemini Space Station (GEMI) director James Esposito report on this Form 4?
James Esposito reported receiving 42,462 restricted stock units of GEMI Class A common stock as a compensation grant. These RSUs were awarded at a stated price of $0.00 per share and increase his direct holdings to 49,604 shares.
Is the Gemini Space Station (GEMI) Form 4 a stock purchase or compensation award?
The Form 4 reflects a compensation award, not an open-market purchase. Esposito received 42,462 restricted stock units at $0.00 per share under GEMI’s Non-Employee Director Compensation Policy, meaning he did not pay cash to acquire these shares.
When do James Esposito’s GEMI restricted stock units from this grant vest?
The RSUs vest on the earlier of the first anniversary of the grant date or the day before GEMI’s next annual stockholder meeting. Vesting is conditioned on Esposito’s continued service as a director through the applicable vesting date.
What is an RSU grant under Gemini Space Station’s Non-Employee Director Compensation Policy?
An RSU grant awards directors a specified number of share units at no cash cost, converting into common stock upon vesting. For GEMI, Esposito’s 42,462 RSUs each represent a right to one Class A share once vesting conditions tied to his ongoing board service are met.