Director Miguel A. Lopez receives 110,181 GoPro (GPRO) RSUs as equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LOPEZ MIGUEL A reported acquisition or exercise transactions in this Form 4 filing.
GoPro director Miguel A. Lopez received an equity award of 110,181 restricted stock units (RSUs) of Class A Common Stock. The RSUs were granted at no cash cost and are structured as director compensation rather than an open-market purchase. Following this grant, Lopez directly holds 278,180 shares of Class A Common Stock.
The RSUs will vest 100% on the earlier of the company’s 2027 annual stockholder meeting or June 2, 2027, as long as Lopez continues to serve. The footnote states that if a Change in Control occurs under GoPro’s 2024 Equity Incentive Plan, these RSUs will accelerate and become fully vested immediately.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
LOPEZ MIGUEL A
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 110,181 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 278,180 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 110,181 RSUs
Grant price: $0.0000 per share
Shares held after grant: 278,180 shares
+2 more
5 metrics
RSU grant size
110,181 RSUs
Restricted stock units of Class A Common Stock granted on June 2, 2026
Grant price
$0.0000 per share
Indicates non-cash, compensatory equity award
Shares held after grant
278,180 shares
Total Class A Common Stock directly held by Miguel A. Lopez after transaction
Vesting date
Earlier of 2027 meeting or June 2, 2027
RSUs vest 100% at earlier of 2027 annual stockholder meeting or June 2, 2027
Change in Control treatment
Immediate full vesting
RSUs accelerate and fully vest upon Change in Control under 2024 Equity Incentive Plan
Key Terms
restricted stock units, Change in Control, 2024 Equity Incentive Plan, annual stockholder meeting
4 terms
restricted stock units financial
"Represents an award of restricted stock units that will vest 100% upon the earlier"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Change in Control financial
"In the event of a Change in Control (as defined under the Company's 2024 Equity Incentive Plan"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
2024 Equity Incentive Plan financial
"as defined under the Company's 2024 Equity Incentive Plan, as amended"
annual stockholder meeting financial
"upon the earlier of (i) the date of the Issuer's 2027 annual stockholder meeting or (ii)"
An annual stockholder meeting is a yearly gathering where a company's owners (shareholders) receive updates on performance, vote on key issues like board members, executive pay and major corporate plans, and ask questions of management. Think of it as a company town hall where choices about oversight and direction are decided; outcomes can affect management accountability, corporate strategy and ultimately the value and risks of investors’ shares.
FAQ
What did GoPro (GPRO) director Miguel A. Lopez report in this Form 4?
Miguel A. Lopez reported receiving 110,181 restricted stock units (RSUs) of GoPro Class A Common Stock as a grant. These RSUs are equity compensation, not an open‑market stock purchase, and increase his direct holdings to 278,180 shares after the award.
When do Miguel A. Lopez’s new GoPro RSUs vest?
The 110,181 GoPro RSUs vest 100% at the earlier of the company’s 2027 annual stockholder meeting or June 2, 2027. Vesting is conditioned on Lopez’s continuous service with the company through that date, according to the disclosed award terms.
What happens to Miguel A. Lopez’s GoPro RSUs if there is a Change in Control?
If a Change in Control occurs under GoPro’s 2024 Equity Incentive Plan, Miguel A. Lopez’s 110,181 RSUs will accelerate and become immediately vested. This means all unvested units would convert to vested shares at that time under the plan’s definition of Change in Control.
Did Miguel A. Lopez pay cash for the 110,181 GoPro RSUs?
No, the Form 4 shows a price per share of $0.0000 for the 110,181 RSUs, indicating they were granted as compensation. This is a non‑cash equity award, not an open‑market stock purchase, and reflects standard director compensation practices.
Is this GoPro Form 4 transaction a buy or a grant for Miguel A. Lopez?
The transaction is classified as a grant or award acquisition, not an open‑market buy. The Form 4 uses transaction code “A” and lists a zero purchase price, confirming these 110,181 RSUs are a compensatory equity award to director Miguel A. Lopez.