GoPro (NASDAQ: GPRO) awards 110,181 RSUs to board director
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ahmad-Taylor Tyrone reported acquisition or exercise transactions in this Form 4 filing.
GoPro director Tyrone Ahmad-Taylor received an equity award of 110,181 shares of Class A common stock in the form of restricted stock units. The grant was priced at $0.00 per share as a compensation award, increasing his direct holdings to 363,645 shares after the transaction.
The RSUs will vest 100% upon the earlier of the company’s 2027 annual stockholder meeting or June 2, 2027, as long as he continues in service. The footnote also states that if a Change in Control under GoPro’s 2024 Equity Incentive Plan occurs, the RSUs will accelerate and become fully vested immediately.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ahmad-Taylor Tyrone
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 110,181 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 363,645 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU award size: 110,181 shares
Grant price per share: $0.00 per share
Shares owned after grant: 363,645 shares
+2 more
5 metrics
RSU award size
110,181 shares
Class A Common Stock restricted stock unit grant
Grant price per share
$0.00 per share
Compensation-related equity award, not open-market purchase
Shares owned after grant
363,645 shares
Total direct holdings following the reported transaction
Vesting deadline
June 2, 2027
Full vesting at earlier of 2027 meeting or this date
Change in Control vesting
Immediate acceleration
RSUs fully vest upon qualifying Change in Control event
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 regulatory
"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
"Change in Control (as defined under the Company's 2024 Equity Incentive Plan, as amended)..."
FAQ
What did GoPro (GPRO) director Tyrone Ahmad-Taylor report in this Form 4?
Tyrone Ahmad-Taylor reported receiving an award of 110,181 restricted stock units of GoPro Class A common stock. This compensation grant was priced at $0.00 per share and increased his direct holdings to 363,645 shares following the transaction.
When do Tyrone Ahmad-Taylor’s GoPro (GPRO) restricted stock units vest?
The restricted stock units will vest 100% at the earlier of GoPro’s 2027 annual stockholder meeting or June 2, 2027. Vesting is conditioned on his continuous service with the company through that date under the award terms.
What happens to the GoPro (GPRO) RSUs if there is a Change in Control?
If a Change in Control, as defined in GoPro’s 2024 Equity Incentive Plan, occurs, the restricted stock units will accelerate and become immediately vested. This provision protects the director’s award value in the event of a qualifying corporate control transaction.