Lyft (NASDAQ: LYFT) grants director Benito Minicucci 15,454 RSUs
Rhea-AI Filing Summary
MINICUCCI BENITO reported acquisition or exercise transactions in this Form 4 filing.
Lyft, Inc. reported that director Benito Minicucci received a grant of 15,454 restricted stock units (RSUs), each representing a contingent right to one share of Class A Common Stock. One-third of the RSUs vest on November 20, 2026, February 20, 2027, and the earlier of May 20, 2027 or the day before Lyft's 2027 annual stockholders' meeting, subject to his continued service as a provider. Following this award, he holds 15,454 RSUs directly.
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Insider Trade Summary
Net Buyer: 15,454 shares
Net Buy
1 txn
Insider
MINICUCCI BENITO
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock F1 | 15,454 | $0.00 | $0.00 |
Holdings After Transaction:
Class A Common Stock — 15,454 shares (Direct)
Footnotes (1)
- F1. These securities are restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Class A Common Stock. One-third of the RSUs shall vest on each of November 20, 2026, February 20, 2027, and the earlier of May 20, 2027 or the day prior to the date of the Issuer's 2027 annual meeting of stockholders, subject to the Reporting Person continuing as a service provider through each such date.
Key Figures
RSUs granted: 15,454 units
Price per RSU: $0.00 per share
Holdings after grant: 15,454 RSUs
+3 more
6 metrics
RSUs granted
15,454 units
Restricted stock units awarded to director Benito Minicucci on 2026-07-23
Price per RSU
$0.00 per share
Grant characterized as a compensation award with no purchase price
Holdings after grant
15,454 RSUs
Total Class A-linked RSUs reported as directly held following the transaction
First vesting date
November 20, 2026
One-third of the RSUs scheduled to vest on this date, subject to continued service
Second vesting date
February 20, 2027
One-third of the RSUs scheduled to vest on this date, subject to continued service
Final vesting trigger
May 20, 2027 or before 2027 meeting
Remaining one-third vests on the earlier of May 20, 2027 or day before 2027 annual meeting
Key Terms
restricted stock units (RSUs), contingent right, service provider
3 terms
restricted stock units (RSUs) financial
"These securities are restricted stock units (RSUs). Each RSU represents a contingent right"
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
contingent right financial
"Each RSU represents a contingent right to receive one share of Class A Common Stock"
service provider technical
"subject to the Reporting Person continuing as a service provider through each such date"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity award did Lyft (LYFT) grant to director Benito Minicucci?
Lyft granted director Benito Minicucci 15,454 restricted stock units (RSUs), each representing a contingent right to receive one share of Class A Common Stock. This award was reported as a direct holding following the grant on July 23, 2026.
How do the 15,454 RSUs granted by Lyft (LYFT) to Benito Minicucci vest?
The 15,454 RSUs vest in three equal time-based tranches: one-third on November 20, 2026, one-third on February 20, 2027, and one-third on the earlier of May 20, 2027 or the day before Lyft's 2027 annual stockholders' meeting.
What conditions apply to Benito Minicucci’s RSU award from Lyft (LYFT)?
Each RSU represents a contingent right to one share of Class A Common Stock. Vesting of each one-third tranche is conditioned on Benito Minicucci continuing as a service provider to Lyft through the applicable vesting date.
What is Benito Minicucci’s reported Lyft (LYFT) position after this RSU grant?
After the transaction, Benito Minicucci is reported as directly holding 15,454 RSUs. These RSUs will convert into an equivalent number of shares of Class A Common Stock only as they vest under the specified schedule.
Was the Lyft (LYFT) RSU grant to Benito Minicucci a market purchase or a compensation award?
The filing characterizes the transaction as a grant or award acquisition at a price of $0.00 per share, indicating it is an equity compensation award rather than a market purchase of Lyft stock.