Life Time Group (LTH) director receives 7,273 restricted stock units in grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
COSLET JONATHAN J reported acquisition or exercise transactions in this Form 4 filing.
Life Time Group Holdings director Jonathan J. Coslet received an equity grant in the form of restricted stock units. The award covers 7,273 RSUs, each representing one share of common stock at no cash cost. The RSUs vest on the earlier of the day immediately prior to the next annual stockholders meeting or the first anniversary of the grant date, subject to his continued service. Following this grant, Coslet holds 7,273 common shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
COSLET JONATHAN J
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 7,273 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 7,273 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 7,273 units
Grant price: $0.0000 per share
Shares after transaction: 7,273 shares
+1 more
4 metrics
RSUs granted
7,273 units
Equity award to director Jonathan J. Coslet
Grant price
$0.0000 per share
Stated transaction price for RSU award
Shares after transaction
7,273 shares
Direct common stock holdings following grant
Vesting schedule
Earlier of pre-next annual meeting or 1-year anniversary
RSUs vesting condition, subject to continued service
Key Terms
restricted stock units ("RSUs"), annual stockholders meeting, contingent right, vesting
4 terms
restricted stock units ("RSUs") financial
"Reflects an award of restricted stock units ("RSUs"). Each RSU represents a contingent right..."
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.
annual stockholders meeting financial
"The RSUs will vest on the earlier of (i) the day immediately prior to the date of the annual stockholders meeting..."
contingent right financial
"Each RSU represents a contingent right to receive one share of the Issuer's common stock."
vesting financial
"The RSUs will vest on the earlier of (i) the day immediately prior to the date of the annual stockholders meeting..."
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.
FAQ
What insider transaction did Life Time Group (LTH) disclose for Jonathan J. Coslet?
Life Time Group disclosed that director Jonathan J. Coslet received 7,273 restricted stock units as an equity award. Each RSU converts into one share of common stock, providing stock-based compensation rather than a cash salary component for his board service.
At what price were Jonathan Coslet’s Life Time Group (LTH) RSUs granted?
The RSUs were granted at a stated price of $0.0000 per unit, meaning Coslet does not pay cash to receive the shares. This reflects a compensation grant, not an open-market purchase of Life Time Group stock on an exchange.
When do Jonathan Coslet’s Life Time Group (LTH) RSUs vest?
The RSUs vest on the earlier of the day immediately before the next annual stockholders meeting or the first anniversary of the grant date. Vesting requires Coslet to continue serving through that date for the RSUs to convert into common shares.
What does the RSU structure mean for Life Time Group (LTH) director compensation?
The filing shows director compensation includes restricted stock units rather than only cash. Each RSU represents a contingent right to one common share, aligning director interests with shareholders as the value of the award depends on Life Time Group’s future stock performance.