Globant (NYSE: GLOB) CEO Martin Migoya details stock and RSU holdings
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Globant S.A. Chairman and CEO Martin Migoya reported his initial ownership position in a Form 3 filing. He holds 533,283 shares of common stock directly, including 323,527 restricted stock units that settle one-for-one into common shares as they vest on scheduled dates through June 1, 2030. He also reports 64,000 restricted stock units that can convert into common stock at an exercise price of $0.00, expiring on June 29, 2031, with vesting conditioned on meeting specified average stock price targets. In addition, 147,040 common shares are held indirectly through a revocable trust benefiting him, his wife and charitable institutions, for which Angerona Trust Company, LLC acts as independent trustee.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Migoya Martin
Role
Chairman & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 64,000 shares (Direct);
Common Stock — 533,283 shares (Direct);
Common Stock — 147,040 shares (Indirect, By revocable trust)
Footnotes (1)
- Includes 323,527 restricted stock units (RSUs), which settle on a one-for-one basis into shares of the issuer's common stock. Of these RSUs, 40,020 will vest on June 1, 2026; 64,297 will vest on June 1, 2027; 44,457 will vest on December 1, 2027; 53,530 will vest on June 1, 2028; 45,838 will vest on June 1, 2029; 44,458 will vest on December 1, 2029; and 30,927 will vest on June 1, 2030. Shares held by a trust for the benefit of the reporting person, his wife and charitable institutions, for which Angerona Trust Company, LLC acts as independent trustee. 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 Martin Migoya’s Form 3 for Globant (GLOB) disclose?
The Form 3 discloses Martin Migoya’s initial ownership in Globant. It lists his direct and indirect common stock holdings and significant restricted stock units, detailing vesting schedules and price-based vesting conditions that determine when these units can convert into Globant common shares.
What restricted stock unit (RSU) awards are reported for Martin Migoya in Globant’s Form 3?
The filing notes 323,527 RSUs that settle one-for-one into Globant common stock. These RSUs vest in tranches between June 1, 2026 and June 1, 2030, providing a defined schedule for when additional shares may be delivered if conditions are met.
What are the vesting terms for Martin Migoya’s price-conditioned Globant RSUs?
Certain RSUs vest only if specified average stock price targets are achieved. Vesting requires an average minimum Globant common stock price of $350 through June 29, 2026, with this threshold increasing by $35 each year until June 29, 2031, adding performance sensitivity.
Does the Globant (GLOB) Form 3 show any recent stock purchases or sales by Martin Migoya?
No purchases or sales are reported; the Form 3 lists holdings only. The entries describe existing common stock and restricted stock unit positions, including vesting schedules and price-based conditions, rather than new buy or sell transactions in Globant shares.
How does the trust structure affect Martin Migoya’s Globant (GLOB) holdings?
147,040 Globant shares are held in a revocable trust for his benefit. The trust also benefits his wife and charitable institutions, and Angerona Trust Company, LLC acts as independent trustee, indicating part of his ownership is managed through this separate fiduciary structure.