Life360 (LIF) CFO gains 24,265 performance-based shares, expands trust holdings
Rhea-AI Filing Summary
Life360, Inc. Chief Financial Officer Russell John Burke reported an equity award linked to performance-based restricted stock units. On March 25, 2026, a performance metric tied to PRSUs granted on April 9, 2025 was determined to be satisfied, triggering acquisition of 24,265 shares of common stock at no cost.
Each PRSU represents a right to receive one share upon settlement. According to the filing, 25% of these PRSUs vested on January 1, 2026, with the remaining 75% converted to time-based RSUs that will vest in twelve equal quarterly installments, subject to continued service. Following this and prior grants, Burke holds 80,838 restricted stock units directly and 113,361 shares indirectly through the Russell John Burke Revocable Trust & Jeanette L Calandra Revocable Trust ELD as tenants in common, reflecting both direct and trust-based ownership. The filing also notes an exempt transfer of 22,284 directly held shares into this trust structure.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common stock | 24,265 | $0.00 | -- |
| holding | Common stock | -- | -- | -- |
Footnotes (1)
- Represents performance-based restricted stock units ("PRSUs") granted to the Reporting Person on April 9, 2025. In light of the performance-based vesting condition, this grant was not reportable under Section 16 until the performance metric was satisfied. On March 25, 2026, it was determined that the performance metric had been met. Each PRSU represents a contingent right to receive one share of the Issuer's common stock upon settlement. 25% of the PRSUs vested on January 1, 2026 with the remaining 75% converting to time-based RSUs and vesting in twelve equal quarterly installments thereafter, subject to the Reporting Person's continuous service through each vest date. Includes 80,838 restricted stock units previously granted, each of which represents a contingent right to receive one share of the Issuer's common stock upon vesting. The Reporting Person transferred 22,284 directly held shares to the Russell John Burke Revocable Trust & Jeanette L Calandra Revocable Trust ELD as TIC, which transfer was exempt from Section 16 pursuant to Rule 16a-13 under the Securities Exchange Act of 1934, as amended. Shares were previously reported as held by the "Russell John Burke Revocable Trust," which was an abbreviation for the "Russell John Burke Revocable Trust & Jeanette L Calandra Revocable Trust ELD as TIC." As of this Form 4, the Reporting Person is included the full name of the trust for clarification purposes.
FAQ
What did Life360 (LIF) CFO Russell John Burke report in this Form 4?
What are the terms of the Life360 (LIF) performance-based RSUs granted to the CFO?
What vesting schedule applies to the remaining Life360 (LIF) RSUs for the CFO?