KBR (NYSE: KBR) CFO Shad Evans awarded 8,024 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
KBR, INC. executive vice president and chief financial officer Shad E. Evans reported an acquisition of 8,024 shares of common stock through a grant of restricted stock units. These units convert to common stock on a 1-to-1 basis and vest in equal installments on each anniversary of the grant date. According to the disclosure, 80% of the award is time-based, while 20% vests only if a performance requirement is met. Following this equity grant, Evans directly owned 35,350.46 shares of KBR common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Evans Shad E.
Role
EVP & Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 8,024 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 35,350.46 shares (Direct)
Footnotes (1)
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FAQ
What did KBR (KBR) CFO Shad E. Evans report in this Form 4 filing?
Shad E. Evans reported receiving a grant of 8,024 restricted stock units that convert to KBR common stock on a 1-to-1 basis. The award reflects equity-based compensation rather than an open-market purchase, increasing his directly held common stock to 35,350.46 shares.
How do the 8,024 restricted stock units granted to KBR’s CFO vest?
The 8,024 restricted stock units vest in equal 33 1/3% installments on each anniversary of the grant date. This graded vesting schedule spreads the award over multiple years, aligning the executive’s equity compensation with continued service over time.
What portion of KBR CFO Shad E. Evans’s restricted stock unit grant is performance-based?
The filing states that 20% of the restricted stock units vest only upon meeting a performance requirement. The remaining 80% of the award is time-based, vesting over time without additional performance conditions, according to the grant’s terms.