Globant (NYSE: GLOB) General Counsel details common stock and RSU awards
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Globant S.A. General Counsel Patricio Pablo Rojo filed an initial ownership report showing direct holdings of 84,418 shares of common stock and restricted stock units. The filing notes 63,101 RSUs that convert one-for-one into common shares, vesting in tranches between June 1, 2026 and June 1, 2030, subject to continued service.
It also discloses performance-based RSUs linked to 6,000 underlying common shares with a zero exercise price, expiring on June 29, 2031. Vesting for these RSUs depends on achieving an average minimum common stock price of $350 through (but excluding) June 29, 2026, increasing by $35 each year until June 29, 2031.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Rojo Patricio Pablo
Role
General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 6,000 shares (Direct);
Common Stock — 84,418 shares (Direct)
Footnotes (1)
- Includes 63,101 restricted stock units (RSUs), which settle on a one-for-one basis into shares of the issuer's common stock, subject to the reporting person's continued service through the applicable vesting date. Of these RSUs, 7,005 will vest on June 1, 2026; 11,226 will vest on June 1, 2027; 9,632 will vest on December 1, 2027; 9,904 will vest on June 1, 2028; 8,953 will vest on June 1, 2029; 9,633 will vest on December 1, 2029; and 6,748 will vest on June 1, 2030. Vesting conditioned on the achievement of an average minimum Common Stock price of $350 through (but excluding) June 29, 2026 and increased by $35 each year until June 29, 2031.
FAQ
What does Globant (GLOB) General Counsel Patricio Pablo Rojo report on this Form 3?
He reports his initial ownership in Globant S.A., including 84,418 common shares and multiple restricted stock unit (RSU) awards. These RSUs convert one-for-one into common stock, subject to service-based vesting and, for some units, performance-based stock price conditions through future vesting dates.
How many restricted stock units does Rojo hold in Globant (GLOB)?
The filing notes 63,101 RSUs that settle one-for-one into Globant common stock, plus additional performance-based RSUs linked to 6,000 underlying shares. These RSUs vest over several years, subject to continued service and, for some awards, stock price performance thresholds.
What is the vesting schedule for Rojo’s service-based RSUs in Globant (GLOB)?
Service-based RSUs vest in tranches: 7,005 on June 1, 2026; 11,226 on June 1, 2027; 9,632 on December 1, 2027; 9,904 on June 1, 2028; 8,953 on June 1, 2029; 9,633 on December 1, 2029; and 6,748 on June 1, 2030, assuming continued service.
What conditions apply to Rojo’s performance-based RSUs in Globant (GLOB)?
Performance-based RSUs, tied to 6,000 underlying shares, require an average minimum common stock price of $350 through (but excluding) June 29, 2026, increasing by $35 each year until June 29, 2031. Vesting depends on meeting these price hurdles.
Does this Globant (GLOB) Form 3 show any recent insider stock purchases or sales?
No specific purchases or sales are identified. The Form 3 serves as an initial statement of beneficial ownership, listing Rojo’s existing holdings in common stock and RSUs rather than reporting new buy or sell transactions in the company’s shares.
What is the expiration date of Rojo’s performance-based RSUs at Globant (GLOB)?
The performance-based RSUs linked to 6,000 underlying Globant common shares carry a zero exercise price and an expiration date of June 29, 2031. Their vesting remains subject to the specified stock price performance conditions over the outlined period.