Honest Company (HNST) CFO receives 59,958 RSUs in four-year vesting grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bruce Curtiss James III reported acquisition or exercise transactions in this Form 4 filing.
Honest Company, Inc. Chief Financial Officer Bruce Curtiss James III received a grant of 59,958 shares of common stock in the form of Restricted Stock Units (RSUs) on May 21, 2026. These RSUs were awarded at no cash cost to him.
The RSUs vest over four years, with 25% vesting on May 19, 2027, and the remaining 75% vesting in 12 equal quarterly installments on each February 19, May 19, August 19, and November 19 thereafter, subject to his continuous service under the company’s 2021 Equity Incentive Plan. After this award, he directly holds 586,115 shares, including 548,064 RSUs that will settle in an equivalent number of shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Bruce Curtiss James III
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 59,958 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 586,115 shares (Direct)
Footnotes (1)
- The Restricted Stock Units (RSUs) shall vest over a four-year period, with 25% of the RSUs vesting on May 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 548,064 RSUs which are payable in an equivalent number of shares of the Issuer's common stock.
Key Figures
RSU grant size: 59,958 shares
Grant price: $0.0000 per share
Holdings after grant: 586,115 shares
+3 more
6 metrics
RSU grant size
59,958 shares
RSUs granted on May 21, 2026
Grant price
$0.0000 per share
Indicates award, not open-market purchase
Holdings after grant
586,115 shares
Total direct holdings following transaction
RSUs included in holdings
548,064 RSUs
Payable in an equivalent number of shares
Initial vesting tranche
25% of RSUs
Vests on May 19, 2027
Remaining vesting schedule
12 quarterly installments
On Feb 19, May 19, Aug 19, Nov 19 thereafter
Key Terms
Restricted Stock Units (RSUs), Continuous Service, 2021 Equity Incentive Plan
3 terms
Restricted Stock Units (RSUs) financial
"The Restricted Stock Units (RSUs) shall vest over a four-year period..."
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
Continuous Service financial
"subject to such Reporting Person's Continuous Service (as defined in the Issuer's 2021 Equity Incentive Plan)..."
2021 Equity Incentive Plan financial
"Continuous Service (as defined in the Issuer's 2021 Equity Incentive Plan) through each such date."
FAQ
What did HNST’s CFO Bruce Curtiss James III report in this Form 4?
He reported receiving 59,958 Restricted Stock Units (RSUs) of Honest Company common stock. The award was granted at no cash cost and is part of his equity compensation, increasing his direct holdings to 586,115 shares including outstanding RSUs.
How do the 59,958 RSUs granted to HNST’s CFO vest over time?
The CFO’s 59,958 RSUs vest over four years. 25% vest on May 19, 2027, with the remaining 75% vesting in 12 equal quarterly installments on February 19, May 19, August 19, and November 19, subject to his continuous service.
What is Bruce Curtiss James III’s total reported holding after this HNST RSU grant?
After the grant, he directly holds 586,115 shares of Honest Company stock. This total includes 548,064 RSUs, each payable in one share of common stock when they vest, reflecting a substantial equity-based component in his compensation.
Are the RSUs granted to HNST’s CFO immediately payable in common stock?
No, the RSUs convert into common shares only as they vest. Each vested RSU is payable in one share of Honest Company common stock, so the economic benefit depends on continued service and the company’s stock performance at settlement.
What conditions apply to vesting of the HNST CFO’s RSUs?
Vesting is conditioned on his “Continuous Service” under Honest Company’s 2021 Equity Incentive Plan. If his service ends before scheduled vesting dates, unvested RSUs may be forfeited according to plan terms, aligning incentives with longer-term employment.