Honest Company (HNST) CFO awarded 335,946 RSUs in new equity grant
Rhea-AI Filing Summary
Honest Company, Inc. reported that Chief Financial Officer Bruce Curtiss James III acquired 335,946 shares of common stock through a grant of Restricted Stock Units (RSUs) at a price of $0.00 per share. After this award, he holds 538,826 RSUs, each payable in one share of common stock.
The RSUs vest over four years, with 25% vesting on February 19, 2027, and the remaining units vesting in 12 equal quarterly installments on each of February 19, May 19, August 19, and November 19 thereafter, subject to his continuous service under the company’s 2021 Equity Incentive Plan.
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Insights
CFO receives time-vested RSU grant as part of equity compensation.
The filing shows Honest Company’s CFO receiving 335,946 Restricted Stock Units at $0 per share, classified as a grant or award acquisition. This is a non-cash equity incentive, increasing his RSU holdings to 538,826 units tied to future share delivery.
Vesting is spread over four years, with 25% on February 19, 2027 and the rest in 12 quarterly installments, conditioned on continuous service. This structure is typical for executive retention, aligning part of the CFO’s compensation with the company’s long-term equity performance.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 335,946 | $0.00 | -- |
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 538,826 RSUs which are payable in an equivalent number of shares of the Issuer's common stock.