Hippo Holdings (NYSE: HIPO) director Ellis Stewart granted 4,820 RSUs
Rhea-AI Filing Summary
Ellis Stewart reported acquisition or exercise transactions in this Form 4 filing.
Hippo Holdings Inc. director Ellis Stewart received an equity grant in the form of restricted stock units (RSUs). He was awarded 4,820 RSUs, each convertible into one share of common stock upon vesting. The RSUs vest in full on the earlier of the first anniversary of the grant date or immediately before the next Annual Meeting, provided he continues serving the company and its subsidiaries through that date.
Following this award, Stewart holds 121,105 shares of common stock directly and 10,335 shares indirectly through Preservation Trust Company, Inc., as trustee of the Desertfish Nevada Trust. The grant was recorded at a price of $0.00 per share, reflecting its nature as compensation rather than a market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 4,820 shares
Net Buy
2 txns
Insider
Ellis Stewart
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,820 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 121,105 shares (Direct);
Common Stock — 10,335 shares (Indirect, See FootNote)
Footnotes (3)
- F1. Constitute restricted stock units ("RSUs") for which the Reporting Person is entitled to receive one (1) share of Common Stock for each RSU upon vesting. The RSUs will vest in full upon the earlier of (i) the first anniversary of the date of grant and (ii) immediately prior to the Annual Meeting that occurs following the date of grant, subject to the Reporting Person continuing in service to the Issuer and its subsidiaries through such vesting date.
- F2. Includes 4,820 RSUs.
- F3. Shares are held by Preservation Trust Company, Inc., Trustee of the Desertfish Nevada Trust.
Key Figures
RSU grant size: 4,820 RSUs
Grant price: $0.00 per share
Direct holdings after grant: 121,105 shares
+2 more
5 metrics
RSU grant size
4,820 RSUs
Award of restricted stock units to Ellis Stewart
Grant price
$0.00 per share
Equity compensation award, not market purchase
Direct holdings after grant
121,105 shares
Common stock directly held by Ellis Stewart after transaction
Indirect holdings
10,335 shares
Common stock held via Desertfish Nevada Trust
RSU vesting condition
Earlier of 1-year or next Annual Meeting
Vests if service to issuer continues through vesting date
Key Terms
restricted stock units ("RSUs"), Annual Meeting, vesting, Trustee, +1 more
5 terms
restricted stock units ("RSUs") financial
"Constitute restricted stock units ("RSUs") for which the Reporting Person is entitled to receive one (1) share..."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Annual Meeting financial
"earlier of (i) the first anniversary of the date of grant and (ii) immediately prior to the Annual Meeting that occurs..."
A company's annual meeting is a yearly gathering where owners (shareholders) and the board review performance, ask questions, and vote on key matters like electing directors, approving auditor choices, and sometimes setting pay or dividend policies. For investors it matters because decisions made and votes cast can change who runs the company, influence strategy and payouts, and affect the value or direction of their investment—similar to a homeowners’ meeting where rules and leaders that shape your property’s value are decided.
vesting financial
"The RSUs will vest in full upon the earlier of (i) the first anniversary of the date of grant..."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
Trustee financial
"Shares are held by Preservation Trust Company, Inc., Trustee of the Desertfish Nevada Trust."
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.
Desertfish Nevada Trust financial
"Shares are held by Preservation Trust Company, Inc., Trustee of the Desertfish Nevada Trust."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Hippo Holdings (HIPO) director Ellis Stewart report in this Form 4?
Ellis Stewart reported receiving a grant of 4,820 restricted stock units in Hippo Holdings common stock. These RSUs are a compensation award and convert into shares upon vesting, rather than representing an open-market stock purchase or sale.
How many RSUs did Ellis Stewart receive from Hippo Holdings (HIPO)?
Ellis Stewart received 4,820 restricted stock units in Hippo Holdings common stock. Each RSU entitles him to one share upon vesting, making this a straightforward equity compensation grant instead of a cash transaction or market trade.
When do Ellis Stewart’s Hippo Holdings (HIPO) RSUs vest?
The RSUs vest in full on the earlier of the first anniversary of the grant date or immediately prior to the next Annual Meeting. Vesting requires Stewart to continue in service to Hippo Holdings and its subsidiaries through the applicable vesting date.
Are Ellis Stewart’s new Hippo Holdings (HIPO) RSUs an open-market purchase?
No, the 4,820 RSUs are a compensation grant, not an open-market purchase. The Form 4 shows a transaction code A and a price of $0.00 per share, indicating an award of equity rather than a cash-based stock acquisition.