Hut 8 (HUT) CFO receives grant of 27,229 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Glennan Sean Joseph reported acquisition or exercise transactions in this Form 4 filing.
Hut 8 Corp. reported that Chief Financial Officer Sean Joseph Glennan received a grant of restricted stock units. On June 11, 2026, he was awarded 27,229 RSUs, each representing a contingent right to receive one share of Hut 8 common stock.
These RSUs will vest in three equal annual installments beginning on April 16, 2027, and may be settled in common stock, cash, or a combination at the company’s discretion. After this grant, the filing shows 27,229 restricted stock units credited to him directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Glennan Sean Joseph
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 27,229 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 27,229 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit ("RSU") represents a contingent right to receive one share of Issuer common stock. The RSUs are settled in either common stock or cash (or a combination thereof) at the discretion of the Issuer. On June 11, 2026, the Reporting Person was granted 27,229 RSUs, vesting in three equal annual installments beginning on April 16, 2027.
Key Figures
RSUs granted: 27,229 units
Underlying common shares: 27,229 shares
Grant price: $0.0000 per RSU
+2 more
5 metrics
RSUs granted
27,229 units
Grant to Hut 8 CFO on June 11, 2026
Underlying common shares
27,229 shares
Each RSU represents one share of common stock
Grant price
$0.0000 per RSU
Compensation award, not an open-market purchase
Vesting schedule
3 equal annual installments
Beginning April 16, 2027
RSUs held after grant
27,229 units
Total restricted stock units following this transaction
Key Terms
Restricted Stock Units, RSU, contingent right, vesting, +1 more
5 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units""
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
RSU financial
"Each restricted stock unit ("RSU") represents a contingent right"
Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.
contingent right financial
"represents a contingent right to receive one share of Issuer common stock"
vesting financial
"granted 27,229 RSUs, vesting in three equal annual installments"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
settled in either common stock or cash financial
"The RSUs are settled in either common stock or cash"
FAQ
What insider transaction did Hut 8 (HUT) disclose in this Form 4?
Hut 8 disclosed that its Chief Financial Officer, Sean Joseph Glennan, received a grant of 27,229 restricted stock units (RSUs) on June 11, 2026. Each RSU represents a contingent right to receive one share of Hut 8 common stock.
How many RSUs did the Hut 8 (HUT) CFO receive and what do they represent?
The Hut 8 CFO received 27,229 RSUs. Each restricted stock unit represents a contingent right to receive one share of Hut 8 common stock, settled in stock, cash, or both at the company’s discretion according to the filing.
What is the vesting schedule for the Hut 8 (HUT) CFO’s 27,229 RSUs?
The 27,229 RSUs granted to the Hut 8 CFO vest in three equal annual installments, beginning on April 16, 2027. This means one-third of the award becomes earned each year over a three-year period.
Does the Hut 8 (HUT) CFO have to pay to acquire the granted RSUs?
According to the Form 4 data, the RSUs were granted at a transaction price of $0.0000 per unit. This indicates they are a compensation award rather than a purchase, with value realized upon vesting and settlement.
How many Hut 8 (HUT) restricted stock units does the CFO hold after this grant?
Following this RSU grant, the filing reports that the Hut 8 CFO holds 27,229 restricted stock units directly. These units correspond to a potential equivalent number of Hut 8 common shares upon future vesting and settlement.