KBR (NYSE: KBR) accounting chief granted 1,284 restricted shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
KBR, Inc. reported that its VP and Chief Accounting Officer, Jennefer Thai, acquired 1,284 shares of common stock through a grant of restricted stock units. The units were awarded at no cash cost and convert to common stock on a 1-to-1 basis.
According to the terms, 80% of the award vests in three equal annual installments based solely on continued service, while the remaining 20% of the original grant is subject to a performance requirement and is not reflected in this line. Following this award, Thai directly owns 4,321.4741 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Taylor Jennefer Thai
Role
VP, Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,284 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 4,321.474 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did KBR VP Jennefer Thai report on Form 4 for KBR?
Jennefer Thai reported receiving a grant of 1,284 restricted stock units that convert into KBR common stock on a 1-to-1 basis, increasing her direct holdings to 4,321.4741 shares after the award, according to the Form 4 filing.
What are the vesting terms of Jennefer Thai’s KBR restricted stock unit grant?
The grant vests 33 1/3% on each anniversary of the grant date. The footnote explains that 80% of the overall grant is time-based, while 20% vests on the same schedule but only if a performance requirement is met.
Does the KBR Form 4 indicate an open-market stock purchase by Jennefer Thai?
No, the transaction is coded as a grant or award acquisition, not an open-market purchase. The 1,284 shares come from restricted stock units granted at a price of $0.0000 per share, reflecting a compensation award rather than a market trade.