ITG (ITG) director William LaPerch receives 7,500 restricted stock units grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LAPERCH WILLIAM G reported acquisition or exercise transactions in this Form 4 filing.
ITG, Inc. director William G. LaPerch reported receiving a grant of 7,500 shares of Class A common stock in the form of restricted stock units (RSUs). The award carries no purchase price and represents compensation rather than an open-market transaction. According to the grant terms, all RSUs will vest at once on the earlier of the day immediately preceding the first annual stockholder meeting following the grant date or the one-year anniversary of the grant, assuming he continues serving the company through that vesting date. After this award, LaPerch is reported as directly holding 7,500 shares tied to this grant.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
LAPERCH WILLIAM G
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A common stock | 7,500 | $0.00 | -- |
Holdings After Transaction:
Class A common stock — 7,500 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 7,500 shares
Grant price: $0.0000 per share
Shares after grant: 7,500 shares
+1 more
4 metrics
RSUs granted
7,500 shares
Class A common stock restricted stock units granted to director
Grant price
$0.0000 per share
Reported transaction price per RSU
Shares after grant
7,500 shares
Total direct holdings following transaction
Vesting schedule
Earlier of first annual meeting date or one-year anniversary
Full vesting contingent on continued service
Key Terms
restricted stock units ("RSUs"), Class A common stock, vesting, contingent right
4 terms
restricted stock units ("RSUs") financial
"Represents restricted stock units ("RSUs") granted to the Reporting Person."
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.
Class A common stock financial
"Each RSU 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.
vesting financial
"upon vesting. The RSUs shall vest in full on the earlier of"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
contingent right financial
"Each RSU represents a contingent right to receive one share"
FAQ
What insider transaction did ITG (ITG) disclose for William G. LaPerch?
ITG disclosed that director William G. LaPerch received a grant of 7,500 restricted stock units of Class A common stock. These RSUs are compensation, not an open-market purchase, and each unit represents the right to receive one share upon vesting.
When do William G. LaPerch’s ITG (ITG) restricted stock units vest?
The RSUs will vest in full on the earlier of the day immediately preceding ITG’s first annual stockholder meeting following the grant date or the one-year anniversary of the grant. Vesting is conditioned on his continued service through that vesting date.
What does each ITG (ITG) RSU granted to William G. LaPerch represent?
Each restricted stock unit granted to William G. LaPerch represents a contingent right to receive one share of ITG’s Class A common stock. The units convert into actual shares only upon satisfaction of the vesting conditions described in the award terms.