Honest Company (HNST) General Counsel receives 191,489 RSU equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sheehey Brendan reported acquisition or exercise transactions in this Form 4 filing.
Honest Company, Inc. reported that General Counsel Brendan Sheehey received a grant of 191,489 shares of common stock in the form of Restricted Stock Units (RSUs) at no cash cost. These RSUs vest over four years, with 25% vesting on February 19, 2027 and the rest in 12 equal quarterly installments, subject to his continuous service. Following this award, he reports beneficial ownership of 748,228 shares of common stock, including 439,449 RSUs that will be settled in an equivalent number of shares when they vest.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Sheehey Brendan
Role
General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 191,489 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 748,228 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 439,449 RSUs which are payable in an equivalent number of shares of the Issuer's common stock.
FAQ
What insider transaction did Honest Company (HNST) report for Brendan Sheehey?
Honest Company reported that General Counsel Brendan Sheehey received a grant of 191,489 Restricted Stock Units. These RSUs convert into shares of common stock as they vest over time, providing him with additional equity-based compensation tied to continued service.
How do Brendan Sheehey’s new RSUs at Honest Company (HNST) vest?
The 191,489 RSUs vest over four years. Twenty-five percent vest on February 19, 2027, and the remaining RSUs vest in 12 equal quarterly installments on February 19, May 19, August 19 and November 19 thereafter, subject to his continuous service with the company.
What is Brendan Sheehey’s total reported Honest Company (HNST) ownership after this grant?
After the grant, Brendan Sheehey reports beneficial ownership of 748,228 shares of Honest Company common stock. This total includes 439,449 RSUs, which are payable in an equivalent number of shares of common stock as they vest under the company’s equity incentive plan.
Are Brendan Sheehey’s RSUs at Honest Company (HNST) paid in cash or stock?
Brendan Sheehey’s RSUs are payable in shares of Honest Company common stock, not cash. Each Restricted Stock Unit converts into one share when it vests, aligning his compensation with the company’s share performance over the vesting period.
What role does continuous service play in Brendan Sheehey’s HNST RSU award?
The RSU award requires Brendan Sheehey’s continuous service with Honest Company through each vesting date. If he remains in service, tranches of his 191,489 RSUs vest on scheduled dates, allowing settlement into shares of common stock over four years.