indie Semiconductor director receives 3,170-share grant
INDI’s independent director Diane D. Brink converted a fully vested RSU grant into 3,170 Class A shares as part of a cash-in-lieu equity compensation program.
Rhea-AI Filing Summary
indie Semiconductor, Inc. (INDI) director Diane D. Brink reported equity compensation activity on September 1, 2026. She received a grant of 3,170 Restricted Stock Units, fully vested on the grant date, issued in lieu of her quarterly cash retainer and any chairperson fees under a voluntary independent director compensation program. Those RSUs were immediately converted into 3,170 shares of Class A Common Stock at a stated price of $0.00 per share, bringing her directly held Class A Common Stock position to 235,319 shares. No Rule 10b5-1 trading plan is reported for these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,170 shares exercised/converted
Exercise
3 txns
Insider
Brink Diane D
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F1, F2 | 3,170 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1, F2 | 3,170 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 3,170 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Class A Common Stock — 235,319 shares (Direct)
Footnotes (2)
- F1. Each Restricted Stock Unit represents a contingent right to receive one share of Class A Common Stock.
- F2. Represents Restricted Stock Units that were fully vested as of the grant date. These Restricted Stock Units represent shares received in lieu of a quarterly cash retainer and chairperson fees, if any, as part of a voluntary independent director compensation program as approved by the Board of Directors in June 2023. The number of underlying shares is equal to the amount of the forgone quarterly cash retainer and chairperson fees, if any, divided by the closing trading price of INDI on the date of grant.
Key Figures
Restricted Stock Units granted: 3,170 units
Shares acquired upon RSU conversion: 3,170 shares
Class A Common Stock holdings after transaction: 235,319 shares
+2 more
5 metrics
Restricted Stock Units granted
3,170 units
Fully vested RSU grant to director Diane D. Brink on September 1, 2026
Shares acquired upon RSU conversion
3,170 shares
Class A Common Stock received by Diane D. Brink on September 1, 2026
Class A Common Stock holdings after transaction
235,319 shares
Direct holdings of Diane D. Brink following the reported transactions
Stated transaction price per share
$0.00 per share
Price for both the RSU grant and the resulting Class A Common Stock on September 1, 2026
RSUs converted
3,170 units
Restricted Stock Units disposed of in derivative exercise/conversion on September 1, 2026
Key Terms
Restricted Stock Units, contingent right, independent director compensation program, quarterly cash retainer, +1 more
5 terms
Restricted Stock Units financial
"Each Restricted Stock Unit represents a contingent right to receive one share"
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.
contingent right financial
"represents a contingent right to receive one share of Class A Common Stock"
independent director compensation program financial
"as part of a voluntary independent director compensation program as approved"
quarterly cash retainer financial
"divided by the amount of the forgone quarterly cash retainer"
chairperson fees financial
"forgone quarterly cash retainer and chairperson fees, if any, divided by"
FAQ
What insider transactions did INDI director Diane D. Brink report on September 1, 2026?
Diane D. Brink reported a grant of 3,170 Restricted Stock Units that were fully vested and immediately converted into 3,170 shares of Class A Common Stock on September 1, 2026, as part of indie Semiconductor’s voluntary independent director compensation program.
What was the size of the Restricted Stock Unit grant to the INDI director?
The grant to Diane D. Brink consisted of 3,170 Restricted Stock Units, each representing a contingent right to receive one share of indie Semiconductor Class A Common Stock. These units were fully vested on the grant date and issued in lieu of a quarterly cash retainer and any chairperson fees.
Were the INDI director’s September 1, 2026 transactions under a Rule 10b5-1 plan?
No. The filing indicates that the Rule 10b5-1 checkbox is not selected, so no Rule 10b5-1 trading plan is reported in connection with Diane D. Brink’s September 1, 2026 RSU grant and conversion transactions.
How was the number of INDI RSUs for Diane D. Brink’s grant determined?
The 3,170 RSUs were determined by dividing the amount of Diane D. Brink’s forgone quarterly cash retainer and any chairperson fees by the closing trading price of INDI on the grant date, as part of the voluntary independent director compensation program approved in June 2023.
AI-generated analysis. How Rhea-AI works. Not financial advice.
