InnovAge (INNV) director receives 8,539 RSU equity award, holds 76,696 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kennedy Edward Moore Jr. reported acquisition or exercise transactions in this Form 4 filing.
InnovAge Holding Corp. director receives equity award
Director Edward Moore Kennedy Jr. was granted 8,539 Restricted Stock Units (RSUs) of InnovAge Holding Corp. common stock. These RSUs were awarded at no cash cost to him and increase his direct holdings to 76,696 shares.
The RSUs will be settled in shares of common stock and are scheduled to vest in full on June 30, 2027, as long as he continues to serve with the company. This filing reflects a compensation-related equity grant rather than an open-market stock purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kennedy Edward Moore Jr.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, $0.001 par value | 8,539 | $0.00 | -- |
Holdings After Transaction:
Common Stock, $0.001 par value — 76,696 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSUs Granted: 8,539 units
Grant Price: $0.0000 per share
Holdings After Transaction: 76,696 shares
+1 more
4 metrics
RSUs Granted
8,539 units
Equity grant reported on Form 4
Grant Price
$0.0000 per share
RSU award price
Holdings After Transaction
76,696 shares
Total direct InnovAge common stock after grant
Vesting Date
June 30, 2027
RSUs vest in full on this date, subject to service
Key Terms
Restricted Stock Units ("RSUs"), vest in full, grant, award, or other acquisition
3 terms
Restricted Stock Units ("RSUs") financial
"Represents Restricted Stock Units ("RSUs") which will be settled in shares of common stock"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
vest in full financial
"will vest in full on June 30, 2027, subject to the Reporting Person's continued service"
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
What did InnovAge (INNV) director Edward Moore Kennedy Jr. report in this Form 4?
He reported receiving 8,539 Restricted Stock Units (RSUs) of InnovAge common stock as a grant. These RSUs are a compensation-related equity award, not an open-market trade, and will be settled in shares when they vest in the future.
When do the newly granted InnovAge (INNV) RSUs vest for the director?
The 8,539 Restricted Stock Units granted to Edward Moore Kennedy Jr. are scheduled to vest in full on June 30, 2027. Vesting is contingent on his continued service with InnovAge through that date, according to the filing’s footnote disclosure.
Were the InnovAge (INNV) RSUs granted to the director purchased on the open market?
No, the 8,539 RSUs were not purchased on the open market. They were granted at a price of $0.0000 per share as a compensation-related award, meaning no cash changed hands in connection with this acquisition.
What type of security did InnovAge (INNV) grant to its director in this transaction?
InnovAge granted Restricted Stock Units (RSUs) that will be settled in shares of common stock. These RSUs represent a right to receive InnovAge shares in the future, subject to vesting conditions, rather than immediate ownership of freely tradable stock.
Is this InnovAge (INNV) Form 4 transaction a buy or sell signal from the director?
The transaction is classified as an acquisition via grant or award, not an open-market buy or sell. It reflects routine equity compensation, where the director receives RSUs that vest over time, rather than an active trading decision in the market.