Latch (NASDAQ: LTCH) grants 1.25M RSUs, withholds shares for taxes
Rhea-AI Filing Summary
Latch, Inc. (LTCH) reported insider equity compensation activity for Chief Product & Technology Officer Ryan D. Salmons. On August 24, 2026, Salmons was granted 1,250,000 restricted stock units (RSUs), each representing one share of common stock upon vesting. These RSUs vest in twelve substantially equal quarterly installments over three years, starting March 31, 2026, subject to continued service. On the same date, 29,952 shares of common stock were withheld at $0.15 per share to satisfy tax withholding obligations related to RSU vesting and settlement.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,220,048 shares
Net Buy
2 txns
Insider
Salmons Ryan D
Role
Chief Prod. & Tech. Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 1,250,000 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 29,952 | $0.15 | $4K |
Holdings After Transaction:
Common Stock — 1,648,174 shares (Direct)
Footnotes (2)
- F1. The Reporting Person was granted 1,250,000 restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of the Issuer's common stock upon vesting. The RSUs vest in twelve substantially equal quarterly installments over a three-year period, with a vesting commencement date of March 31, 2026 and quarterly vesting thereafter, subject to the Reporting Person's continued service through each applicable vesting date. The grant was approved on August 24, 2026.
- F2. Represents shares withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting and settlement of RSUs.
Key Figures
RSUs granted: 1,250,000 RSUs
RSU vesting schedule: 12 quarterly installments over 3 years
Shares withheld for taxes: 29,952 shares
+4 more
7 metrics
RSUs granted
1,250,000 RSUs
Restricted stock units granted to Ryan D. Salmons on August 24, 2026
RSU vesting schedule
12 quarterly installments over 3 years
Vesting begins March 31, 2026, subject to continued service
Shares withheld for taxes
29,952 shares
Common shares withheld to satisfy tax withholding on RSU vesting
Withholding price per share
$0.15 per share
Price used for shares withheld under transaction code F
Vesting commencement date
March 31, 2026
Start date for quarterly vesting of RSUs
Grant approval date
August 24, 2026
Date the 1,250,000 RSU grant was approved
ExercisePriceOrTaxLiabilityShares
29,952 shares
Total shares used for payment of tax liability in this filing
Key Terms
restricted stock units, RSUs, vesting, transaction code F, +1 more
5 terms
restricted stock units financial
"The Reporting Person was granted 1,250,000 restricted stock units ("RSUs")."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
RSUs financial
"Each RSU represents a contingent right to receive one share"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
vesting financial
"upon vesting. The RSUs vest in twelve substantially equal quarterly installments"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
transaction code F financial
"transaction_code": "F","transaction_type": "non-derivative""
tax withholding obligations financial
"shares withheld by the Issuer to satisfy tax withholding obligations"
FAQ
What insider equity award did LTCH grant to Ryan D. Salmons?
Latch, Inc. granted Ryan D. Salmons 1,250,000 RSUs on August 24, 2026. Each RSU represents a contingent right to receive one share of common stock upon vesting over a three-year period in twelve quarterly installments, starting March 31, 2026.
How do the new RSUs for LTCH’s officer vest over time?
The 1,250,000 RSUs granted to Ryan D. Salmons vest in twelve substantially equal quarterly installments over three years. Vesting commences on March 31, 2026, with quarterly vesting thereafter, subject to his continued service through each vesting date.
Is the LTCH insider transaction part of a Rule 10b5-1 trading plan?
No. The filing indicates the Rule 10b5-1 checkbox is not affirmed (aff_10b5_one is false), and the footnotes describe the activity as an RSU grant and tax withholding, not trades executed under a pre-arranged trading plan.
What role does Ryan D. Salmons hold at LTCH in this Form 4?
Ryan D. Salmons is identified as an officer of Latch, Inc., serving as Chief Prod. & Tech. Officer. The reported transactions relate to his equity compensation in the form of RSUs and associated tax withholding.
What does transaction code F mean in the LTCH Form 4?
In this LTCH Form 4, transaction code F represents payment of tax liability by delivering or withholding securities. Specifically, 29,952 shares were withheld by the issuer to satisfy tax withholding obligations on RSU vesting and settlement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
