Liquidity Services (NASDAQ: LQDT) CHRO discloses 46,000-share RSU grant on Form 3
Rhea-AI Filing Summary
Liquidity Services Inc reported initial holdings for Chief Human Resources Officer Karen Fascenda on a Form 3. She holds a restricted stock unit grant tied to 46,000 shares of common stock. Each RSU equals one share, with 25% vesting annually from September 1, 2027 through September 1, 2030.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Fascenda Karen
Role
Chief Human Resources Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Unit Grant | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit Grant — 46,000 shares (Direct)
Footnotes (1)
- Twenty-five percent of this restricted stock unit grant vests on each of September 1, 2027, September 1, 2028, September 1, 2029 and September 1, 2030. Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock.
Key Figures
Underlying RSU shares: 46,000 shares
Shares following reporting: 46,000 shares
Vesting tranches: 25% per year
+3 more
6 metrics
Underlying RSU shares
46,000 shares
Restricted stock unit grant underlying common stock
Shares following reporting
46,000 shares
Total shares underlying RSUs following reported holding
Vesting tranches
25% per year
Each of 2027, 2028, 2029, 2030 on September 1
First vesting date
September 1, 2027
Initial 25% of RSU grant vests
Final vesting/expiration date
September 1, 2030
Last 25% vests; RSU expiration date listed
Exercise price
$0.00 per unit
Restricted stock unit grant exercise/conversion price
Key Terms
Restricted Stock Unit Grant, restricted stock unit, economic equivalent, Common Stock
4 terms
Restricted Stock Unit Grant financial
"security_title: Restricted Stock Unit Grant"
restricted stock unit financial
"Twenty-five percent of this restricted stock unit grant vests"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
economic equivalent financial
"Each restricted stock unit is the economic equivalent of one share"
Common Stock financial
"Each restricted stock unit is the economic equivalent of one share of Liquidity Services, Inc. Common Stock."
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider position does the LQDT Form 3 disclose for Karen Fascenda?
The Form 3 shows Karen Fascenda’s initial equity holdings as Chief Human Resources Officer. It reports a restricted stock unit grant tied to 46,000 shares of Liquidity Services common stock, establishing her starting ownership position as an officer of the company.
What is the vesting schedule for Karen Fascenda’s RSU grant at Liquidity Services (LQDT)?
The RSU grant vests in four equal annual installments. Twenty-five percent vests on each of September 1, 2027, September 1, 2028, September 1, 2029, and September 1, 2030, aligning the award with multi‑year service and performance at the company.
Does Karen Fascenda’s RSU grant on the LQDT Form 3 have an exercise price?
The restricted stock unit grant shows a zero exercise price, meaning she is not required to pay a purchase price to receive shares upon vesting. RSUs differ from stock options, which typically require paying an exercise price to acquire underlying shares.