HealthEquity (HQY) director Selander receives 2,877-share restricted stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SELANDER ROBERT W reported acquisition or exercise transactions in this Form 4 filing.
HEALTHEQUITY, INC. director Robert W. Selander received an equity award of 2,877 shares of common stock on June 25, 2026. The award is structured as restricted stock units, each representing the right to receive one share of common stock at vesting.
The restricted stock units vest in full on the earlier of June 25, 2027 or the company’s next annual stockholder meeting in June 2027, after which vested shares will be delivered to Selander. Following this grant, he directly owns 89,849 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SELANDER ROBERT W
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,877 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 89,849 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 2,877 restricted stock units
Grant price: $0.00 per share
Shares owned after grant: 89,849 shares
+2 more
5 metrics
RSU grant size
2,877 restricted stock units
Grant to director Robert W. Selander on June 25, 2026
Grant price
$0.00 per share
Compensation-related award, not open-market purchase
Shares owned after grant
89,849 shares
Total common stock directly held following transaction
Vesting date
June 25, 2027
Earlier of this date or next annual stockholder meeting
Security type
Common Stock
Underlying security for the restricted stock units
Key Terms
restricted stock unit, vest in full, annual stockholder meeting, contingent right
4 terms
restricted stock unit financial
"Each restricted stock unit represents a contingent right to receive one share"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
vest in full financial
"The restricted stock units vest in full on the earlier of; (i) June 25, 2027"
annual stockholder meeting financial
"or (ii) the date of the issuer's next annual stockholder meeting in June 2027"
An annual stockholder meeting is a yearly gathering where a company's owners (shareholders) receive updates on performance, vote on key issues like board members, executive pay and major corporate plans, and ask questions of management. Think of it as a company town hall where choices about oversight and direction are decided; outcomes can affect management accountability, corporate strategy and ultimately the value and risks of investors’ shares.
contingent right financial
"represents a contingent right to receive one share of the issuer's common stock"
FAQ
What did HEALTHEQUITY (HQY) director Robert W. Selander report on this Form 4?
Director Robert W. Selander reported receiving an equity award of 2,877 restricted stock units of HEALTHEQUITY common stock. These units were granted as compensation and increase his direct holdings to 89,849 shares after the transaction, according to the Form 4 details.
When do Robert W. Selander’s HEALTHEQUITY (HQY) restricted stock units vest?
The 2,877 restricted stock units vest in full on the earlier of June 25, 2027 or the date of HEALTHEQUITY’s next annual stockholder meeting in June 2027. Once vested, the corresponding common shares will be delivered to Selander, as described in the footnote.
Is the HEALTHEQUITY (HQY) Form 4 transaction an open-market buy or a compensation grant?
The Form 4 describes a compensation-related grant, not an open-market buy. The transaction code is “A” for a grant or award, with a price of $0.00 per share, and the footnote clarifies these are restricted stock units that convert into shares upon vesting.
How are the HEALTHEQUITY (HQY) restricted stock units described in the Form 4 footnote?
Each restricted stock unit is described as a contingent right to receive one share of HEALTHEQUITY common stock. The units vest in full on the earlier of June 25, 2027 or the next annual stockholder meeting, and vested shares will be delivered to Robert W. Selander upon vesting.