indie Semiconductor director exercises 2,311 RSUs
indie Semiconductor director Diane D. Brink reported routine equity compensation activity.
Sentiment and the balance of points
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Rhea-AI Filing Summary
indie Semiconductor director Diane D. Brink reported routine equity compensation activity. She exercised 2,311 Restricted Stock Units into 2,311 shares of Class A common stock at a stated price of $0.00 per share, increasing her direct holdings to 232,149 shares. Brink also received a new grant of 2,311 fully vested RSUs, issued in lieu of her quarterly cash retainer and chairperson fees under a voluntary independent director compensation program approved in June 2023. These are non-market, compensation-related acquisitions with no open-market buying or selling.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 2,311 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 2,311 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 2,311 | $0.00 | $0.00 |
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 ("RSUs") that were fully vested as of the grant date. These RSUs 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
Key Terms
Restricted Stock Units financial
Class A Common Stock financial
independent director compensation program financial
quarterly cash retainer financial
FAQ
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What insider transactions did indie Semiconductor (INDI) director Diane Brink report?
What is the structure of Diane Brink’s RSU compensation at indie Semiconductor (INDI)?
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