International Money Express (NASDAQ: IMXI) awards 10,862 RSUs to director
Rhea-AI Filing Summary
Rincon John reported acquisition or exercise transactions in this Form 4 filing.
International Money Express director John Rincon received an equity grant. He was awarded 10,862 restricted stock units of common stock, valued at $13.81 per share, which vest on the one-year anniversary of the grant or immediately before the next annual stockholders meeting, subject to his continued board service.
After the award, Rincon directly holds 71,029 shares and indirectly holds 255,288 shares through Latin American Investment Holdings, Inc.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 10,862 shares
Net Buy
2 txns
Insider
Rincon John
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 10,862 | $13.81 | $150K |
| holding | Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 71,029 shares (Direct);
Common Stock — 255,288 shares (Indirect, Latin American Investment Holdings, Inc.)
Footnotes (2)
- F1. The reported transaction is an award of restricted stock units, subject to the reporting person's continued service as a director of the issuer. These restricted stock units will vest on the one-year anniversary of the grant date or, if earlier, the day immediately prior to the annual meeting of stockholders of the Company in the calendar year following the grant date.
- F2. Indirectly held through Latin American Investment Holdings, Inc.
Key Figures
RSU award: 10,862 shares
Grant value per share: $13.81 per share
Direct holdings after grant: 71,029 shares
+1 more
4 metrics
RSU award
10,862 shares
Restricted stock units of common stock granted to director John Rincon
Grant value per share
$13.81 per share
Per-share value for the restricted stock unit award
Direct holdings after grant
71,029 shares
Common stock directly held by John Rincon after the reported award
Indirect holdings
255,288 shares
Common stock indirectly held through Latin American Investment Holdings, Inc.
Key Terms
restricted stock units, indirectly held, annual meeting of stockholders
3 terms
restricted stock units financial
"The reported transaction is an award of restricted stock units, subject to the reporting"
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.
indirectly held financial
"Indirectly held through Latin American Investment Holdings, Inc."
annual meeting of stockholders financial
"the day immediately prior to the annual meeting of stockholders of the Company"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did International Money Express (IMXI) director John Rincon report on this Form 4?
John Rincon reported an award of 10,862 restricted stock units of International Money Express common stock. The grant is a director equity award that vests after one year or just before the next annual stockholders meeting, subject to his continued service on the board.
How many IMXI restricted stock units did John Rincon receive and at what value?
He received 10,862 restricted stock units, valued at $13.81 per share. These units represent a stock-based compensation grant rather than a market purchase and convert into common shares as they vest, assuming he continues serving as a director.
When do John Rincon’s IMXI restricted stock units vest?
Rincon’s restricted stock units vest on the one-year anniversary of the grant date or, if earlier, immediately before the Company’s next annual meeting of stockholders. Vesting is conditioned on his continued service as a director through the applicable vesting date.