lululemon director granted 355 RSUs as fees
McNeill Jon reported acquisition or exercise transactions in this Form 4 filing. lululemon athletica inc. director Jon McNeill received a grant of 355 shares of Common Stock as a stock-based award.
Rhea-AI Filing Summary
McNeill Jon reported acquisition or exercise transactions in this Form 4 filing.
lululemon athletica inc. director Jon McNeill received a grant of 355 shares of Common Stock as a stock-based award. The grant was made at no cash cost to him and is structured as restricted stock units issued under the company’s Non-Employee Director Compensation Plan in lieu of $58,750 of retainer fees.
Each RSU represents one share of common stock and vests in four equal installments on the last day of each fiscal quarter, subject to Mr. McNeill’s continued service. Following this award, he holds 9,322 shares of lululemon common stock directly, making the transaction a routine compensation-related equity grant rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 355 | $0.00 | $0.00 |
Footnotes (1)
- F1. RSUs granted to the reporting person under lululemon athletica inc.'s Non-Employee Director Compensation Plan in lieu of $58,750 of retainer fees. Each RSU is the right to receive one share of common stock and vests in four equal installments on the last day of each fiscal quarter, subject to continued service.
FAQ
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What did lululemon (LULU) director Jon McNeill report in this Form 4?
What is the vesting schedule for Jon McNeill’s new lululemon (LULU) RSUs?
Why did lululemon (LULU) grant RSUs to Jon McNeill instead of cash?
Is Jon McNeill’s lululemon (LULU) Form 4 a buy or a routine grant?
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