KBR (NYSE: KBR) CEO awarded 54,553 stock units as equity compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
KBR, INC. President and CEO Stuart Bradie reported an equity award of 54,553 shares of common stock in the form of restricted stock units that convert to common shares on a 1-to-1 basis. The award was recorded at a price of $0.00 per share, indicating it was a compensation grant rather than a purchase.
According to the disclosure, 80% of the restricted stock units vest in equal 33 1/3% installments on each anniversary of the grant date, while 20% are tied to a performance requirement. The filing states these units represent the 80% portion not subject to performance conditions. Following this grant, Bradie directly holds 858,102 shares of KBR common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Bradie Stuart
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 54,553 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 858,102 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did KBR (KBR) report for CEO Stuart Bradie?
KBR reported that CEO Stuart Bradie received a grant of 54,553 restricted stock units. These units convert into common stock on a 1-to-1 basis as part of his equity compensation, rather than being an open-market stock purchase.
What are the vesting terms of Stuart Bradie’s 54,553 KBR restricted stock units?
The 54,553 restricted stock units vest over time, with 80% vesting in equal 33 1/3% installments on each anniversary of the grant date. The remaining 20% of the overall grant is subject to a performance requirement, according to the disclosure language.
Did KBR’s CEO pay cash for the 54,553 restricted stock units reported?
No, the restricted stock units were granted at a reported price of $0.00 per share. This indicates they were issued as part of executive compensation, not acquired through a cash purchase on the open market.
Are all of Stuart Bradie’s new KBR restricted stock units performance-based?
No, the filing explains that 80% of the restricted stock units vest based on time, while 20% of the overall grant requires meeting a performance condition. The reported units represent the 80% portion not subject to a performance requirement.