Latch grants director 545,833 RSUs in 2026
Latch director Robert J. Speyer received 545,833 RSUs that vest by the 2027 annual meeting, increasing his direct and deemed indirect equity exposure.
Rhea-AI Filing Summary
Latch, Inc. (LTCH) reported that director Robert J. Speyer received a grant of 545,833 restricted stock units (RSUs) of common stock on September 8, 2026. These RSUs vest in full on the earlier of the one-year anniversary of the grant date or immediately prior to the election of directors at the 2027 annual meeting, subject to his continued board service.
After this grant, Speyer holds 707,297 shares directly, and has additional indirect holdings of 6,642,000 shares through TS Innovation Acquisitions Sponsor, L.L.C. and 217,631 shares through Innovation Club Latch Holding, L.L.C., for which he may be deemed to share beneficial ownership but disclaims it except to the extent of any pecuniary interest. No Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 545,833 shares
Grant/Award
3 txns
Insider
Speyer Robert J.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 545,833 | $0.00 | $0.00 |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 707,297 shares (Direct);
Common Stock — 6,642,000 shares (Indirect, By TS Innovation Acquisitions Sponsor, L.L.C.);
Common Stock — 217,631 shares (Indirect, By Innovation Club Latch Holding, L.L.C.)
Footnotes (3)
- F1. Represents restricted stock units ("RSUs") granted to the reporting person on September 8, 2026. The RSUs vest in full on the earlier of (i) the one-year anniversary of the grant date or (ii) immediately prior to the election of the nominees for director at the Issuer's 2027 annual meeting of stockholders, subject to the Reporting Person's continued service on the Board through the applicable vesting date.
- F2. The sole manager of TS Innovation Acquisitions Sponsor, L.L.C. is Tishman Speyer Properties, L.P. The general partner of Tishman Speyer Properties, L.P. is Tishman Speyer Properties, Inc. The Reporting Person is a co-trustee of a voting trust that holds all voting common stock in Tishman Speyer Properties, Inc. and therefore may be deemed to share voting and investment power with respect to the securities reported herein. The Reporting Person disclaims any beneficial ownership of such securities, except to the extent of any pecuniary interest therein.
- F3. Speyer GP Holdings, LLC is the general partner of Madison Rock Investment, LP, which is the managing member of Innovation Club Latch Holdings, L.L.C. The Reporting Person is a managing member of Speyer GP Holdings, LLC. As a result, the Reporting Person may be deemed to share beneficial ownership over the shares held by Innovation Club Latch Holding, L.L.C., but disclaims beneficial ownership except to the extent of any pecuniary interests therein.
Key Figures
RSUs granted: 545,833 units
Grant price: $0.00 per unit
Direct holdings after grant: 707,297 shares
+3 more
6 metrics
RSUs granted
545,833 units
Restricted stock units of Latch, Inc. common stock granted on September 8, 2026
Grant price
$0.00 per unit
Stated price per RSU for the September 8, 2026 award
Direct holdings after grant
707,297 shares
Latch, Inc. common stock directly owned by Robert J. Speyer following the RSU grant
Indirect holdings via TS Innovation Acquisitions Sponsor, L.L.C.
6,642,000 shares
Latch, Inc. common stock reported as indirectly owned, with beneficial ownership disclaimed except for pecuniary interest
Indirect holdings via Innovation Club Latch Holding, L.L.C.
217,631 shares
Additional indirectly held Latch, Inc. shares with beneficial ownership disclaimed except for pecuniary interest
Vesting condition
Earlier of one-year anniversary or 2027 annual meeting election
Condition for full vesting of the 545,833 RSUs, subject to continued board service
Key Terms
restricted stock units ("RSUs"), voting trust, beneficial ownership, pecuniary interest
4 terms
restricted stock units ("RSUs") financial
"Represents restricted stock units ("RSUs") granted to the reporting person"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
voting trust financial
"The Reporting Person is a co-trustee of a voting trust that holds"
A voting trust is an arrangement where shareholders temporarily transfer their voting rights to one or more trusted individuals (trustees) who vote on company matters on their behalf. It matters to investors because it consolidates decision-making power—like handing the car keys to a single driver for a journey—which can stabilize leadership or push through strategic plans but also reduces individual shareholders’ direct influence and can affect the company’s direction and stock value.
beneficial ownership financial
"may be deemed to share beneficial ownership over the shares held"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"disclaims beneficial ownership except to the extent of any pecuniary interests"
FAQ
What equity award did LTCH grant to director Robert J. Speyer?
Robert J. Speyer was granted 545,833 restricted stock units (RSUs) of Latch, Inc. common stock on September 8, 2026. The RSUs vest in full on the earlier of the one-year anniversary of the grant date or immediately before the director elections at the 2027 annual meeting, subject to continued service.
When do Robert J. Speyer’s new LTCH RSUs vest?
The 545,833 LTCH RSUs vest in full on the earlier of (i) the one-year anniversary of September 8, 2026 or (ii) immediately prior to the election of nominees for director at Latch’s 2027 annual meeting of stockholders, contingent on his continued service on the Board.
What are Robert J. Speyer’s indirect holdings of LTCH stock?
Robert J. Speyer is reported with indirect interests in 6,642,000 LTCH shares held by TS Innovation Acquisitions Sponsor, L.L.C. and 217,631 LTCH shares held by Innovation Club Latch Holding, L.L.C., and may be deemed to share beneficial ownership but disclaims beneficial ownership except for any pecuniary interests.
Was Robert J. Speyer’s LTCH RSU grant part of a Rule 10b5-1 plan?
No. The filing indicates that no Rule 10b5-1 trading plan is reported for the transactions on September 8, 2026, so the RSU grant is not described as being made under such a pre-arranged plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
