Director at GoPro (NASDAQ: GPRO) awarded 110,181 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DENNISON MICHAEL C. reported acquisition or exercise transactions in this Form 4 filing.
GoPro, Inc. director Michael C. Dennison received an equity grant of 110,181 shares of Class A Common Stock in the form of restricted stock units at no cash cost. These RSUs will vest 100% on the earlier of the company’s 2027 annual stockholder meeting or June 2, 2027, as long as he continues in service. In a Change in Control under GoPro’s 2024 Equity Incentive Plan, the units become immediately vested. Following this award, Dennison directly holds 237,539 shares of GoPro stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
DENNISON MICHAEL C.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 110,181 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 237,539 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU award size: 110,181 shares
Price per share: $0.00 per share
Post-grant holdings: 237,539 shares
+2 more
5 metrics
RSU award size
110,181 shares
Restricted stock units of Class A Common Stock granted to director
Price per share
$0.00 per share
Grant of RSUs carries no cash exercise price
Post-grant holdings
237,539 shares
Total Class A Common Stock held directly after the award
Vesting date deadline
June 2, 2027
Latest date by which RSUs vest, if service is continuous
Annual meeting trigger
2027 annual stockholder meeting
Alternative vesting trigger if held before June 2, 2027
Key Terms
restricted stock units, Change in Control, 2024 Equity Incentive Plan
3 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"
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), such RSUs"
FAQ
What equity award did GoPro (GPRO) director Michael C. Dennison receive?
Michael C. Dennison received an award of 110,181 restricted stock units of GoPro Class A Common Stock. The award carries no cash exercise price and represents stock-based compensation that may convert into shares once vesting conditions are satisfied.
When do Michael C. Dennison’s new GoPro (GPRO) RSUs vest?
The RSUs vest 100% at the earlier of GoPro’s 2027 annual stockholder meeting or June 2, 2027. Vesting is conditioned on Dennison’s continuous service with the company through that date, aligning the award with medium‑term board tenure.
How does a Change in Control affect Dennison’s GoPro (GPRO) RSUs?
If a Change in Control, as defined in GoPro’s 2024 Equity Incentive Plan, occurs, Dennison’s RSUs accelerate and become fully vested immediately. This provision is designed to protect the value of his equity award if corporate control changes before normal vesting.
Is Michael C. Dennison’s GoPro (GPRO) RSU grant an open‑market purchase?
The RSU grant is not an open‑market stock purchase; it is a stock‑based compensation award with a zero dollar per‑share price. Shares are delivered only if vesting conditions are met, rather than being bought on the public market.