indie Semiconductor (INDI) director adds shares through 2,311 RSU exercise and new grant
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,311 shares exercised/converted
Mixed
3 txns
Insider
Brink Diane D
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 2,311 | $0.00 | -- |
| Exercise | Restricted Stock Units | 2,311 | $0.00 | -- |
| Exercise | Class A Common Stock | 2,311 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 2,311 shares (Direct, null);
Class A Common Stock — 232,149 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of Class A common stock. 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
RSUs exercised: 2,311 units
New RSU grant: 2,311 units
Shares held after exercise: 232,149 shares
+2 more
5 metrics
RSUs exercised
2,311 units
Converted into 2,311 Class A common shares at $0.00
New RSU grant
2,311 units
Fully vested RSUs granted in lieu of cash fees
Shares held after exercise
232,149 shares
Class A common stock directly owned post-transaction
RSU-to-share ratio
1 RSU = 1 share
Each RSU represents one share of Class A common stock
Exercise price
$0.00 per share
Stated price for RSU conversion into Class A shares
Key Terms
Restricted Stock Units, Class A Common Stock, independent director compensation program, quarterly cash retainer
4 terms
Restricted Stock Units financial
"Represents Restricted Stock Units ("RSUs") that were fully vested as of the grant date."
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.
Class A Common Stock financial
"Each restricted stock unit represents a contingent right to receive one share of Class A common stock."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
independent director compensation program financial
"as part of a voluntary independent director compensation program as approved by the Board of Directors in June 2023."
quarterly cash retainer financial
"shares received in lieu of a quarterly cash retainer and chairperson fees, if any"
FAQ
What insider transactions did indie Semiconductor (INDI) director Diane Brink report?
Diane D. Brink reported exercising 2,311 RSUs into 2,311 shares of Class A common stock at $0.00 per share, and receiving a new grant of 2,311 fully vested RSUs as part of her director compensation.
What is the structure of Diane Brink’s RSU compensation at indie Semiconductor (INDI)?
Her RSUs are granted under a voluntary independent director compensation program. The award replaces her quarterly cash retainer and chairperson fees with 2,311 fully vested RSUs, calculated using indie Semiconductor’s closing stock price on the grant date.