New GLOBALFOUNDRIES (GFS) director reports initial share and RSU stake
Rhea-AI Filing Summary
GLOBALFOUNDRIES Inc. director Glenda Dorchak has reported her initial ownership on a Form 3. She holds 22,867 ordinary shares directly, plus 5,567 restricted stock units. These RSUs are scheduled to vest on July 29, 2026, contingent on her continuous service, with each RSU delivering one ordinary share at settlement.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Dorchak Glenda
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Ordinary Shares | -- | -- | -- |
| holding | Restricted Share Units | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 22,867 shares (Direct);
Restricted Share Units — 5,567 shares (Direct)
Footnotes (1)
- F1. Represents restricted stock units (RSUs), 5,567 of which vest on July 29, 2026, subject to the Reporting Person's continuous service through each such vesting date. Each RSU represents a contingent right to receive one share of the Issuer's ordinary shares upon settlement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider position did Glenda Dorchak report in GLOBALFOUNDRIES (GFS)?
Glenda Dorchak reported her initial position as a director of GLOBALFOUNDRIES, holding 22,867 ordinary shares directly. She also reported 5,567 restricted stock units, giving investors a clear view of her current equity-based stake in the company.
What restricted stock units did Glenda Dorchak disclose for GLOBALFOUNDRIES (GFS)?
She disclosed 5,567 restricted stock units (RSUs) in GLOBALFOUNDRIES. These RSUs are a form of equity compensation that will convert into ordinary shares upon settlement, giving her an additional potential ownership stake beyond currently held shares.
When do Glenda Dorchak’s GLOBALFOUNDRIES (GFS) RSUs vest?
According to the filing footnote, 5,567 restricted stock units vest on July 29, 2026. Vesting is conditional on her continuous service through that date, meaning she must remain in service to receive the underlying ordinary shares.
What does each GLOBALFOUNDRIES (GFS) RSU reported by Glenda Dorchak represent?
Each reported RSU represents a contingent right to one ordinary share of GLOBALFOUNDRIES upon settlement. Once the vesting and settlement conditions are met, the RSUs convert into an equivalent number of ordinary shares, increasing her direct equity ownership.