KBR (NYSE: KBR) executive granted 5,135 restricted stock units in award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
KBR, INC. Chief Digital & Development officer Gregory Sean Conlon reported an equity award of 5,135 shares of common stock. The award was granted at a price of $0.00 per share and increases his directly owned stake to 71,250 common shares.
According to the footnote, these are restricted stock units that convert to common stock on a 1-to-1 basis. For this portion of the grant, 80% vests in three equal annual installments on each anniversary of the grant date and is not subject to a performance requirement.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Conlon Gregory Sean
Role
Chief Digital & Development
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,135 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 71,250 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What insider transaction did KBR (KBR) report for Gregory Sean Conlon?
KBR reported that executive Gregory Sean Conlon acquired 5,135 shares through a restricted stock unit award. These units convert to common stock on a 1-to-1 basis and reflect an equity-based compensation grant, not an open-market purchase or sale.
What is the vesting schedule for the 5,135 KBR restricted stock units?
The 5,135 restricted stock units vest 33 1/3% on each anniversary of the grant date for the 80% portion not subject to performance. They convert into KBR common stock on a 1-to-1 basis as vesting occurs, aligning the award with multi-year service at the company.
Are all of Gregory Sean Conlon’s KBR restricted stock units subject to performance conditions?
No. The filing states that 80% of the grant is not subject to a performance requirement and vests time-based in three equal annual installments. The remaining 20% portion of the grant is subject to a performance requirement before vesting can occur.