HubSpot (HUBS) director granted 1,211 restricted stock units in equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BERRY MICHAEL J reported acquisition or exercise transactions in this Form 4 filing.
HubSpot Inc. director Michael J. Berry received a grant of 1,211 restricted stock units of common stock. The award was made under HubSpot’s 2024 Stock Option and Incentive Plan and carries no purchase price. Following this grant, Berry holds 1,381 shares directly.
Each restricted stock unit represents a contingent right to receive one share of HubSpot common stock. The units will vest in equal quarterly installments over one year from the grant date, with the final portion vesting on the first anniversary or immediately before HubSpot’s 2027 annual stockholder meeting, whichever occurs first.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
BERRY MICHAEL J
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,211 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 1,381 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 1,211 shares
Grant price: $0.00 per share
Post-grant holdings: 1,381 shares
+2 more
5 metrics
RSU grant size
1,211 shares
Restricted stock units of common stock granted to director
Grant price
$0.00 per share
Equity award issued at no cash cost to director
Post-grant holdings
1,381 shares
Total HubSpot common stock held directly after transaction
Vesting period
One year
RSUs vest in equal quarterly installments over one year
Final vesting trigger
First anniversary or 2027 meeting
Final installment vests by first anniversary or before 2027 annual meeting
Key Terms
restricted stock unit, 2024 Stock Option and Incentive Plan, vest in equal quarterly installments, annual meeting of stockholders
4 terms
restricted stock unit financial
"These shares were acquired pursuant to a restricted stock unit award under the Company's 2024 Stock Option and Incentive Plan."
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.
2024 Stock Option and Incentive Plan financial
"These shares were acquired pursuant to a restricted stock unit award under the Company's 2024 Stock Option and Incentive Plan."
vest in equal quarterly installments financial
"The restricted stock units will vest in equal quarterly installments over a one-year period from the date of grant."
annual meeting of stockholders financial
"final installment vesting upon the first anniversary of such grant date (or, if earlier, immediately prior to the Company's 2027 annual meeting of stockholders)."
FAQ
What did HubSpot (HUBS) director Michael J. Berry report on this Form 4?
Michael J. Berry reported receiving 1,211 restricted stock units of HubSpot common stock as a compensation grant. The award was issued at no cost under the 2024 Stock Option and Incentive Plan and increased his direct holdings to 1,381 shares.
What are the key terms of Michael J. Berry’s HubSpot (HUBS) restricted stock unit award?
Berry’s 1,211 restricted stock units each represent a contingent right to one HubSpot share. The units vest in equal quarterly installments over one year, with the final portion vesting on the first anniversary of grant or just before the 2027 annual meeting.
Was Michael J. Berry’s HubSpot (HUBS) Form 4 transaction an open-market stock purchase?
No, the Form 4 shows a compensation-related grant, not an open-market purchase. Berry received 1,211 restricted stock units at a price of $0.00 per share under HubSpot’s 2024 Stock Option and Incentive Plan, reflecting a non-cash equity award.
How does the vesting schedule work for Michael J. Berry’s HubSpot (HUBS) restricted stock units?
The 1,211 restricted stock units vest in equal quarterly installments over a one-year period from the grant date. The final installment vests on the first anniversary of the grant or immediately before HubSpot’s 2027 annual stockholders’ meeting, whichever is earlier.