InnovAge (INNV) director receives 8,539 RSUs vesting in 2027
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TAVENNER MARILYN B reported acquisition or exercise transactions in this Form 4 filing.
InnovAge Holding Corp. director Marilyn B. Tavenner received an equity award in the form of 8,539 Restricted Stock Units, which cost her nothing per unit. These RSUs will settle in common shares and vest in full on June 30, 2027, if she continues serving the company. After this grant, she directly holds 53,696 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
TAVENNER MARILYN B
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 — 53,696 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 8,539 units
Grant price: $0.00 per unit
Shares after grant: 53,696 shares
+1 more
4 metrics
RSUs granted
8,539 units
Equity award to director Marilyn B. Tavenner
Grant price
$0.00 per unit
Restricted Stock Unit award cost to recipient
Shares after grant
53,696 shares
Director’s direct InnovAge holdings following transaction
Vesting date
June 30, 2027
RSUs vest in full on this date if service continues
Key Terms
Restricted Stock Units ("RSUs"), vest in full, continued service
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
"and will vest in full on June 30, 2027, subject to the Reporting Person's continued service"
continued service financial
"will vest in full on June 30, 2027, subject to the Reporting Person's continued service with the Issuer"
FAQ
What did InnovAge (INNV) director Marilyn Tavenner receive in this Form 4 filing?
Marilyn B. Tavenner received an equity award of 8,539 Restricted Stock Units from InnovAge Holding Corp. These RSUs convert into common shares at no cost to her, providing stock-based compensation instead of a cash salary increase.
At what cost were the InnovAge (INNV) RSUs granted to the director?
The 8,539 Restricted Stock Units were granted at a price of $0.00 per unit. This indicates they are compensation awards, not open‑market purchases, aligning the director’s interests with shareholders through additional stock exposure.
When will Marilyn Tavenner’s InnovAge (INNV) RSUs vest?
The Restricted Stock Units will vest in full on June 30, 2027. Vesting is contingent on Marilyn B. Tavenner’s continued service with InnovAge, encouraging long‑term board involvement and alignment with the company’s multi‑year performance.
Is the InnovAge (INNV) Form 4 transaction a market buy or sell?
The transaction is a grant of 8,539 Restricted Stock Units, not a market buy or sell. It represents stock-based compensation awarded by the company, so it does not reflect an open-market trading decision by the director.