Robinhood Board Member's Stock Awards Signal Long-Term Commitment Through 2035
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Robinhood Markets (HOOD) Director Christopher D. Payne received an annual grant of 3,202 Restricted Stock Units (RSUs) on June 25, 2025, as part of the company's Non-Employee Director Compensation Program.
The RSUs will vest in four installments:
- 25% vesting on October 1, 2025
- Remaining 75% vesting in three equal quarterly installments
- Final installment to vest before Robinhood's 2026 annual meeting
Per a deferral election, vested shares will be delivered upon the earliest of: January 1, 2035, death/disability, or change in control. The RSUs convert to Class A Common Stock on a one-for-one basis upon vesting and settlement. Vesting is contingent on continued service with accelerated vesting provisions in certain circumstances.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Payne Christopher D
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 3,202 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 3,202 shares (Direct)
Footnotes (1)
- Restricted stock units ("RSUs") convert into Class A Common Stock on a one-for-one basis upon vesting and settlement. This RSU award represents the Reporting Person's annual grant pursuant to the Non-Employee Director Compensation Program of Robinhood Markets, Inc. ("Robinhood") and was granted automatically on the date of Robinhood's annual meeting of stockholders. On June 25, 2025, the Reporting Person was granted 3,202 RSUs under Robinhood's 2021 Omnibus Incentive Plan. One-fourth (1/4) of these RSUs will vest on October 1, 2025, with the remainder vesting in three (3) equal quarterly installments thereafter (except the final installment will vest no later than the day before Robinhood's 2026 annual meeting of stockholders), in each case subject to the Reporting Person's continued service with Robinhood through the applicable vesting date and subject to accelerated vesting in certain circumstances. Pursuant to a deferral election, vested shares will be delivered to the Reporting Person upon the earliest to occur of (1) January 1, 2035, (2) their death or disability, or (3) a change in control of Robinhood.
FAQ
How many Restricted Stock Units (RSUs) did HOOD director Christopher Payne receive in June 2025?
Christopher Payne received 3,202 Restricted Stock Units (RSUs) on June 25, 2025, as part of Robinhood's Non-Employee Director Compensation Program. These RSUs convert to Class A Common Stock on a one-for-one basis upon vesting.
What is the vesting schedule for HOOD director Payne's June 2025 RSU grant?
The RSUs vest in four installments: 25% (one-fourth) will vest on October 1, 2025, with the remaining RSUs vesting in three equal quarterly installments thereafter. The final installment will vest no later than the day before Robinhood's 2026 annual meeting of stockholders, subject to continued service.
What was the purchase price of HOOD RSUs granted to director Christopher Payne?
The Restricted Stock Units were granted at $0 cost to Christopher Payne as part of Robinhood's Non-Employee Director Compensation Program under the company's 2021 Omnibus Incentive Plan.