InnovAge (INNV) President and COO receives 67,842-share RSU equity grant
Rhea-AI Filing Summary
Browne Jennifer reported acquisition or exercise transactions in this Form 4 filing.
InnovAge Holding Corp. reported that President and COO Jennifer Browne received an equity award of 67,842 shares of common stock in the form of Restricted Stock Units. The RSUs were granted at a price of $0.00 per share as compensation, not an open-market purchase.
The RSUs will vest in three equal annual installments on each anniversary of the grant date, as long as she continues serving with the company. After this award, Browne’s directly held common stock reported in this filing totals 67,842 shares, with no additional derivative positions shown.
Positive
- None.
Negative
- None.
Insights
Routine RSU grant to InnovAge COO reflects standard long-term incentive pay.
President and COO Jennifer Browne received 67,842 RSUs at $0.00 per share, characterized as a grant or award. This is typical equity-based compensation, aligning management with shareholder value rather than indicating an open-market purchase or sale.
The RSUs vest in three equal installments on each anniversary of the grant date, contingent on continued service. This structure encourages executive retention over a multi-year period. No related derivative exercises, sales, or tax-withholding dispositions are reported in this filing.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, $0.001 par value | 67,842 | $0.00 | $0.00 |
Footnotes (1)
- F1. Represents Restricted Stock Units ("RSUs") which will be settled in shares of common stock of the Issuer and will vest in three equal installments on the anniversary of the grant date, subject to the Reporting Person's continued service with the Issuer.
Key Figures
Key Terms
Restricted Stock Units ("RSUs") financial
grant/award acquisition financial
vest in three equal installments financial
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