[Form 4] KORN FERRY Insider Trading Activity
Rhea-AI Filing Summary
Russell Hagey, a director of Korn Ferry (KFY), was granted 4,010 restricted stock units as compensation that vest in full the day before the issuer's next annual meeting following the grant. The reported transaction is a grant (no cash price) and increases Hagey’s beneficial ownership to 7,870 shares following the award. The grant is recorded as compensation for services and was reported on the Form 4 filing. The award is a non‑derivative equity grant intended to align the director’s interests with stockholders through time‑based vesting.
Positive
- Director alignment: Grant of 4,010 restricted stock units ties the director's compensation to long‑term shareholder value through time‑based vesting
- No cash outlay required: Award recorded as compensation at $0 price preserves the director's liquidity while incentivizing future performance
Negative
- None.
Insights
TL;DR: Routine director equity grant increases insider ownership modestly and aligns interests without immediate cash outlay.
This Form 4 reports a standard, time‑based restricted stock unit grant of 4,010 RSUs to a Korn Ferry director, recorded as compensation with a $0 reported price. Such grants are common for non‑executive directors and are primarily governance and retention tools rather than liquidity events. The post‑grant beneficial ownership of 7,870 shares is small relative to a typical large‑cap capitalization and is unlikely to be materially dilutive on its own. Impact on EPS or leverage is negligible given the size disclosed.
TL;DR: Time‑based RSUs are a standard governance practice to align director incentives with shareholders.
Granting RSUs that vest before the next annual meeting is a conventional retention and alignment mechanism. The filing clearly states the award was for services and vests based on time rather than performance conditions, which supports steady alignment but does not impose performance accountability. No unusual acceleration, related‑party transaction, or sale of shares is disclosed. For investors focused on governance, this is a routine disclosure without red flags.