HubSpot (NYSE: HUBS) grants 1,211 RSUs to board director
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NORRINGTON LORRIE M reported acquisition or exercise transactions in this Form 4 filing.
HubSpot Inc. director Lorrie M. Norrington received a grant of 1,211 restricted stock units (RSUs) of common stock. The award was granted at no cash cost to her as part of the company's 2024 Stock Option and Incentive Plan.
Each RSU represents a right to receive one HubSpot common share, vesting in equal quarterly installments over one year, with the final portion vesting on the first anniversary of the grant date or immediately before the 2027 annual stockholder meeting, whichever comes first. After this grant, she directly holds 4,049 shares of HubSpot common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
NORRINGTON LORRIE M
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,211 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 4,049 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 1,211 shares
Post-transaction holdings: 4,049 shares
Grant price per share: $0.00 per share
+1 more
4 metrics
RSU grant size
1,211 shares
Restricted stock units of common stock granted to director
Post-transaction holdings
4,049 shares
Total HubSpot common shares directly held after grant
Grant price per share
$0.00 per share
Compensation award, not an open-market purchase
Vesting period
One year
Equal quarterly installments over one year from grant date
Key Terms
restricted stock unit, 2024 Stock Option and Incentive Plan, vest, 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 financial
"The restricted stock units will vest in equal quarterly installments over a one-year period from the date of grant."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
annual meeting of stockholders financial
"with the 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) disclose in this Form 4 for Lorrie M. Norrington?
HubSpot reported that director Lorrie M. Norrington received 1,211 restricted stock units of common stock. The grant came under the 2024 Stock Option and Incentive Plan and increased her direct holdings to 4,049 HubSpot shares after the transaction.
What is the vesting schedule for Lorrie M. Norrington’s HubSpot (HUBS) RSU award?
The 1,211 restricted stock units vest in equal quarterly installments over one year. The final installment vests on the first anniversary of the grant date or immediately before HubSpot’s 2027 annual meeting of stockholders, whichever happens earlier.
Did Lorrie M. Norrington pay a purchase price for the HubSpot (HUBS) RSUs?
No, the Form 4 shows a price per share of $0.00 for the 1,211 restricted stock units. This indicates the award is part of her director compensation under HubSpot’s 2024 Stock Option and Incentive Plan, not an open-market purchase.