Honest Company (HNST) CEO Carla Vernon awarded 1.29M RSUs in equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Vernon Carla reported acquisition or exercise transactions in this Form 4 filing.
Honest Company, Inc. director and Chief Executive Officer Carla Vernon reported an equity award of 1,293,393 shares of common stock in the form of Restricted Stock Units (RSUs) granted at no cash cost per share. These RSUs vest over four years, with 25% vesting on February 19, 2027 and the remaining 75% vesting in 12 equal quarterly installments each February 19, May 19, August 19 and November 19 thereafter, subject to her continuous service. After this award, she reports beneficial ownership of 4,194,881 shares, including 3,165,660 RSUs that are each payable in one share of Honest Company common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Vernon Carla
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,293,393 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 4,194,881 shares (Direct)
Footnotes (1)
- The Restricted Stock Units (RSUs) shall vest over a four-year period, with 25% of the RSUs vesting on February 19, 2027, and the remainder vesting in 12 equal quarterly installments on each of February 19, May 19, August 19 and November 19 thereafter, in each case subject to such Reporting Person's Continuous Service (as defined in the Issuer's 2021 Equity Incentive Plan) through each such date. The RSUs are payable in an equivalent number of shares of the Issuer's common stock. Includes 3,165,660 RSUs which are payable in an equivalent number of shares of the Issuer's common stock.
FAQ
What did Honest Company (HNST) CEO Carla Vernon report on this Form 4?
Carla Vernon reported receiving a grant of 1,293,393 Restricted Stock Units (RSUs) of Honest Company common stock. The award was made at no cash cost per share and is part of her equity-based compensation as a director and Chief Executive Officer.
How do Carla Vernon’s new RSUs at Honest Company (HNST) vest over time?
The 1,293,393 RSUs vest over four years, with 25% vesting on February 19, 2027. The remaining RSUs then vest in 12 equal quarterly installments on February 19, May 19, August 19, and November 19, subject to her continuous service with the company.
What are the key terms of Carla Vernon’s RSU award at Honest Company (HNST)?
The RSU award covers 1,293,393 units that convert into the same number of Honest Company shares upon settlement. Vesting is conditioned on her continuous service, and the RSUs are paid in Honest Company common stock rather than cash when they vest.
Does Carla Vernon pay cash for the 1,293,393 RSUs reported at Honest Company (HNST)?
No, the 1,293,393 Restricted Stock Units were granted with a reported price of $0.0000 per share. This indicates the award is part of her compensation package rather than an open-market purchase funded with cash.