LegalZoom (NASDAQ: LZ) director paid in RSUs for 2026 fees
Rhea-AI Filing Summary
LegalZoom.com, Inc. director Nathan Gooden reported acquiring 6,667 shares of the company’s common stock on January 15, 2026 as equity compensation. The implied grant value was based on an average share price of $10.1232 used to calculate the number of shares.
Gooden elected under LegalZoom’s Eligible Director Compensation Policy to receive his expected fiscal 2026 cash retainer in the form of restricted stock units instead of cash. These RSUs vest in four equal quarterly installments on the last trading day of each fiscal quarter in 2026, conditioned on his continued service. Following this grant, he beneficially owned 77,151 shares of LegalZoom common stock in direct ownership.
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FAQ
What insider transaction did LegalZoom (LZ) director Nathan Gooden report?
Director Nathan Gooden reported acquiring 6,667 shares of LegalZoom.com, Inc. common stock on January 15, 2026 as part of his director compensation.
How was the number of shares determined in Nathan Gooden’s 2026 LegalZoom (LZ) grant?
The 6,667 RSUs were calculated by dividing Gooden’s expected fiscal 2026 cash retainer fees by the average closing price of LegalZoom stock over the 30 calendar days ending on the fifth day before the grant date, which produced an implied price of $10.1232 per share.
How do Nathan Gooden’s RSUs from LegalZoom (LZ) vest?
The RSUs granted to Nathan Gooden will vest in four quarterly installments on the last trading day of each fiscal quarter in 2026, provided he continues to serve as a director through each vesting date.
Did Nathan Gooden choose stock instead of cash for his LegalZoom (LZ) director fees?
Yes. Under LegalZoom’s Eligible Director Compensation Policy, Gooden elected to receive his annual cash compensation in the form of restricted stock units rather than cash.
How many LegalZoom (LZ) shares does Nathan Gooden own after this transaction?
After the reported transaction, Nathan Gooden beneficially owned 77,151 shares of LegalZoom common stock in direct ownership.
What type of security did LegalZoom (LZ) grant to director Nathan Gooden?
LegalZoom granted restricted stock units (RSUs) tied to its common stock, issued as Gooden’s annual director compensation in lieu of cash fees.