Intapp (NASDAQ: INTA) awards 96,212 RSUs to Chief People & Places Officer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SCHRAMM LYRA AMBER reported acquisition or exercise transactions in this Form 4 filing.
Intapp, Inc. reported that Chief People & Places Officer Lyra Amber Schramm received a grant of 96,212 restricted share units (RSUs) under the Intapp, Inc. 2021 Omnibus Incentive Plan. Each RSU represents a contingent right to receive one share of Intapp common stock.
The RSUs vest, subject to continued employment, as to 33% of the shares on August 20, 2027, with the remaining shares vesting in eight equal quarterly installments after that date. Following this award, the reporting person holds 96,212 RSUs, all directly owned.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SCHRAMM LYRA AMBER
Role
Chief People & Places Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Share Units | 96,212 | $0.00 | -- |
Holdings After Transaction:
Restricted Share Units — 96,212 shares (Direct, null)
Footnotes (1)
- The reported transaction involved the reporting person's receipt of a grant of restricted share units ("RSUs") under the Intapp, Inc. 2021 Omnibus Incentive Plan. Each RSU represents a contingent right to receive one share of Intapp, Inc. common stock. The RSUs vest, subject to continued employment, as to 33% of the shares on August 20, 2027, and in eight equal quarterly installments thereafter.
Key Figures
RSUs granted: 96,212 RSUs
Vesting cliff portion: 33% of RSUs
Vesting installments: 8 quarterly installments
+2 more
5 metrics
RSUs granted
96,212 RSUs
Grant of restricted share units to Chief People & Places Officer
Vesting cliff portion
33% of RSUs
Vests on August 20, 2027, subject to continued employment
Vesting installments
8 quarterly installments
Remaining RSUs vest in eight equal quarterly tranches after August 20, 2027
Shares per RSU
1 share per RSU
Each RSU represents a contingent right to one Intapp common share
Holdings after grant
96,212 RSUs
Total restricted share units reported following this transaction
Key Terms
Restricted Share Units, 2021 Omnibus Incentive Plan, vest, contingent right
4 terms
2021 Omnibus Incentive Plan financial
"a grant of restricted share units ("RSUs") under the Intapp, Inc. 2021 Omnibus Incentive Plan"
vest financial
"The RSUs vest, subject to continued employment, as to 33% of the shares on August 20, 2027"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
contingent right financial
"Each RSU represents a contingent right to receive one share of Intapp, Inc. common stock"
FAQ
What insider transaction did Intapp (INTA) disclose for Lyra Amber Schramm?
Intapp disclosed that Chief People & Places Officer Lyra Amber Schramm received a grant of 96,212 restricted share units. This is a compensation-related award under the company’s 2021 Omnibus Incentive Plan, not an open-market stock purchase or sale by the executive.
How many RSUs were granted to Intapp (INTA) executive Lyra Amber Schramm?
Lyra Amber Schramm was granted 96,212 restricted share units. Each RSU represents a contingent right to receive one share of Intapp common stock, providing potential future equity ownership subject to meeting the plan’s vesting and continued employment conditions.
What is the vesting schedule for the 96,212 RSUs granted by Intapp (INTA)?
The RSUs vest, subject to continued employment, as to 33% of the shares on August 20, 2027. The remaining shares then vest in eight equal quarterly installments, spreading the vesting over several years to encourage retention of the executive at Intapp.
Are the RSUs granted to Intapp (INTA) executive immediately payable in stock?
No, the RSUs are not immediately payable in stock. Each RSU is a contingent right to receive one share of Intapp common stock, which is delivered only as the RSUs vest over time under the stated schedule and continued employment conditions.
Is the Intapp (INTA) Form 4 transaction an open-market buy or sell?
The Form 4 reports a grant of restricted share units as compensation, not an open-market buy or sell. The transaction is coded as an acquisition (A) representing a grant or award under the company’s equity incentive plan to the executive officer.
How many Intapp (INTA) RSUs does Lyra Amber Schramm hold after this grant?
After this grant, Lyra Amber Schramm is reported to hold 96,212 restricted share units directly. These RSUs will convert into shares of Intapp common stock only as they vest over time according to the plan’s vesting schedule and employment conditions.