Gorilla Technology exec reports 34,855-share stake
Gorilla Technology Group Inc. executive Wang Chen-Yu, General Manager - Asia, reported an initial ownership position on a Form 3.
Rhea-AI Filing Summary
Gorilla Technology Group Inc. executive Wang Chen-Yu, General Manager - Asia, reported an initial ownership position on a Form 3. The filing shows direct ownership of 34,855 ordinary shares of the company. A footnote explains that certain awards are in the form of restricted stock units granted under the 2023 Omnibus Incentive Plan, each RSU representing one ordinary share when vested.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Wang Chen-Yu
Role
General Manager - Asia
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 34,855 shares (Direct)
Footnotes (1)
- F1. Restricted stock units ("RSUs") granted under the Issuer's 2023 Omnibus Incentive Plan (the "Plan"). The RSUs vest in four equal tranches on each anniversary of the Reportion Person's employment agreement with the Issuer, in each case subject to the Reporting Person's continued service through the applicable vesting date and the terms and conditions of the underlying award agreement. Each RSU represents the right to receive one ordinary share of the Issuer.
Key Figures
Ordinary shares held: 34,855 shares
1 metrics
Ordinary shares held
34,855 shares
Direct ownership reported on Form 3
Key Terms
Restricted stock units, 2023 Omnibus Incentive Plan, ordinary share
3 terms
Restricted stock units financial
"Restricted stock units ("RSUs") granted under the Issuer's 2023 Omnibus Incentive Plan"
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.
2023 Omnibus Incentive Plan financial
"RSUs granted under the Issuer's 2023 Omnibus Incentive Plan (the "Plan")"
FAQ
What does Gorilla Technology (GRRR) disclose in this Form 3 for Wang Chen-Yu?
The Form 3 discloses that Wang Chen-Yu, General Manager - Asia at Gorilla Technology, directly holds 34,855 ordinary shares. It also notes he has restricted stock units under the 2023 Omnibus Incentive Plan that each convert into one ordinary share upon vesting.
What are the key terms of Wang Chen-Yu’s RSUs at Gorilla Technology (GRRR)?
His restricted stock units were granted under the 2023 Omnibus Incentive Plan and vest in four equal annual tranches tied to his employment agreement. Each RSU represents the right to receive one Gorilla Technology ordinary share upon vesting, subject to continued service and award terms.
What role does Wang Chen-Yu hold at Gorilla Technology Group Inc.?
Wang Chen-Yu is reported as an officer of Gorilla Technology Group Inc., serving as General Manager - Asia. His position and equity holdings, including 34,855 ordinary shares and RSUs, are disclosed to provide transparency around insider ownership at the company.
AI-generated analysis. How Rhea-AI works. Not financial advice.