KBR executive awarded 5,135 restricted shares
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,135 | $0.00 | $0.00 |
Footnotes (1)
- F1. The reporting person was granted restricted stock units that convert to common stock on a 1-to-1 ratio where 80% vest 33 1/3% on each anniversary of the grant date and 20% vest 33 1/3% on each anniversary of the grant date subject to meeting a performance requirement. These restricted stock units represent the portion of the grant (80%) not subject to a performance requirement.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did KBR (KBR) report for Gregory Sean Conlon?
What is the vesting schedule for the 5,135 KBR restricted stock units?
Are all of Gregory Sean Conlon’s KBR restricted stock units subject to performance conditions?
AI-generated analysis. How Rhea-AI works. Not financial advice.