Stride, Inc. (LRN) CEO granted time- and performance-based stock awards
Rhea-AI Filing Summary
KNOWLING ROBERT E JR reported acquisition or exercise transactions in this Form 4 filing.
Stride, Inc. director and Chief Executive Officer Robert E. Knowling Jr. reported three equity awards dated August 10, 2026. He received 87,249 shares of restricted common stock vesting fully on the second anniversary, 46,741 restricted shares vesting over roughly three years, and 13,633 performance-based restricted stock rights tied to compound annual growth in Stride’s share price through September 15, 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 133,990 shares
Net Buy
3 txns
Insider
KNOWLING ROBERT E JR
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Right F3 | 13,633 | $0.00 | $0.00 |
| Grant/Award | Common Stock F1 | 87,249 | $0.00 | $0.00 |
| Grant/Award | Common Stock F2 | 46,741 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Right — 13,633 shares (Direct);
Common Stock — 140,541 shares (Direct)
Footnotes (3)
- F1. These shares are restricted and will vest in full on the second anniversary of the grant date, subject to the Reporting Person's continuous service through such vesting date.
- F2. These shares are restricted and will vest as follows: 20% will vest on the first anniversary of the grant date, and the remaining shares will vest in substantially equal semi-annual installments over a period of two years thereafter, subject to the Reporting Person's continuous service through such period.
- F3. Represents an award of restricted stock rights, each of which represents a contingent right to receive one share of the Company's common stock. The restricted stock rights will vest based on the achievement of certain compound annual growth rates in the price of the Company's common stock between the award date and September 15, 2029, subject to earlier vesting in certain circumstances described in the applicable award agreement. The amount reported herein represents the threshold amount under the award.
Key Figures
Restricted stock grant (2-year cliff): 87,249 shares
Restricted stock grant (staged vesting): 46,741 shares
Performance restricted stock rights: 13,633 rights
+2 more
5 metrics
Restricted stock grant (2-year cliff)
87,249 shares
Restricted common stock vesting in full on second anniversary of August 10, 2026 grant
Restricted stock grant (staged vesting)
46,741 shares
20% vest after one year; remaining shares vest in semi-annual installments over two years thereafter
Performance restricted stock rights
13,633 rights
Threshold number of restricted stock rights vesting based on stock price CAGR through September 15, 2029
Rights expiration-related date
September 15, 2029
End date for measuring compound annual growth rates for performance-based restricted stock rights
Shares following derivative award
13,633 shares
Total restricted stock rights held after the August 10, 2026 derivative award
Key Terms
Restricted Stock Right, restricted stock, compound annual growth rates, continuous service, +1 more
5 terms
Restricted Stock Right financial
"Represents an award of restricted stock rights, each of which represents a contingent"
restricted stock financial
"These shares are restricted and will vest in full on the second anniversary"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
compound annual growth rates financial
"will vest based on the achievement of certain compound annual growth rates in"
continuous service financial
"subject to the Reporting Person's continuous service through such vesting date"
threshold amount financial
"The amount reported herein represents the threshold amount under the award"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity awards did Stride (LRN) CEO Robert E. Knowling Jr. receive on August 10, 2026?
Robert E. Knowling Jr. received 87,249 restricted shares, 46,741 restricted shares with staged vesting, and 13,633 performance-based restricted stock rights. All awards are subject to continued service and, for the rights, stock price growth conditions.
What are the terms of the 13,633 Stride (LRN) restricted stock rights granted?
The 13,633 restricted stock rights each represent a contingent right to one share of common stock. Vesting depends on achieving specified compound annual growth rates in Stride’s share price between the award date and September 15, 2029; the amount reported is the threshold level.
Are the new Stride (LRN) CEO awards time-based or performance-based?
Two grants, 87,249 and 46,741 shares, are time-based restricted stock with service-based vesting. The 13,633 restricted stock rights are performance-based, vesting on stock price compound annual growth targets through September 15, 2029.