IAC director gains 2,263 shares from RSU vesting
Braham Tor, a director, reported a routine equity compensation event.
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Form Type
4
Rhea-AI Filing Summary
Braham Tor, a director, reported a routine equity compensation event. On June 18, 2026, 2,263 restricted stock units (RSUs) converted into 2,263 shares of IAC common stock at a stated price of $0.00 per share. Following the conversion, Tor directly holds 17,263 shares of common stock and 4,528 RSUs. The remaining RSUs are scheduled to vest in equal installments on June 18 of 2026, 2027, and 2028, subject to continued service.
Insider Trade Summary
2,263 shares exercised/converted
Exercise
2 txns
Insider
Braham Tor
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,263 | $0.00 | $0.00 |
| Exercise | Common Stock, par value $0.0001 | 2,263 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 4,528 contracts (Direct);
Common Stock, par value $0.0001 — 17,263 shares (Direct)
Footnotes (2)
- F1. Reflects shares of IAC common stock acquired upon the vesting of restricted stock units ("RSUs").
- F2. Represents RSUs that vest in equal installments on each of June 18, 2026, 2027, and 2028 subject to continued service.
Key Figures
Shares acquired via RSU vesting: 2,263 shares
Price per share for RSU conversion: $0.00 per share
Common shares held after transaction: 17,263 shares
+2 more
5 metrics
Shares acquired via RSU vesting
2,263 shares
RSUs converted to IAC common stock on June 18, 2026
Price per share for RSU conversion
$0.00 per share
Stated transaction price for 2,263 RSUs converting to common
Common shares held after transaction
17,263 shares
Direct holdings following June 18, 2026 Form 4 event
Restricted stock units remaining
4,528 RSUs
RSUs scheduled to vest in equal installments in 2026, 2027, 2028
RSU vesting schedule dates
June 18, 2026, 2027, 2028
Future vesting installments subject to continued service
Key Terms
Restricted Stock Units, RSUs, derivative security, vesting
4 terms
Restricted Stock Units financial
"Represents RSUs that vest in equal installments on each of June 18, 2026, 2027, and 2028 subject to continued service."
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.
RSUs financial
"Reflects shares of IAC common stock acquired upon the vesting of restricted stock units ("RSUs")."
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
vesting financial
"Represents RSUs that vest in equal installments on each of June 18, 2026, 2027, and 2028 subject to continued service."
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Braham Tor report in the latest IAC Form 4 filing?
Braham Tor reported the vesting of 2,263 restricted stock units that converted into 2,263 shares of IAC common stock. This is a routine compensation-related equity event, not an open-market purchase or sale, and reflects part of his ongoing stock-based compensation package.
What happened to Braham Tor’s restricted stock units in this IAC filing?
In this filing, 2,263 restricted stock units vested and were converted into an equal number of IAC common shares. These RSUs were part of a broader grant that continues to vest over several years, subject to Tor’s continued service with the company.
How many restricted stock units does Braham Tor still have after the June 18, 2026 vesting?
Following the June 18, 2026 vesting event, Braham Tor holds 4,528 restricted stock units. According to the disclosure, these remaining RSUs are scheduled to vest in three equal installments on June 18 of 2026, 2027, and 2028, contingent on continued service.
Is Braham Tor’s Form 4 transaction a market buy or sell of IAC stock?
The Form 4 transaction is not a market buy or sell. It records the exercise or conversion of 2,263 restricted stock units into IAC common shares at a stated price of $0.00, reflecting compensation vesting rather than an open-market trading decision.
AI-generated analysis. How Rhea-AI works. Not financial advice.
