LegalZoom (NASDAQ: LZ) director receives 8,297-share RSU-based equity grant
Rhea-AI Filing Summary
LEGALZOOM.COM, INC. director John Francis Murphy received an equity grant of 8,297 shares on January 15, 2026. The Form 4 shows these shares of common stock were acquired directly at a reference price of $10.1232 per share, bringing his directly held beneficial ownership to 78,250 shares after the transaction.
According to the company’s Eligible Director Compensation Policy, Murphy elected to receive his annual fiscal 2026 cash retainer in the form of restricted stock units instead of cash. The number of RSUs was calculated by dividing his expected 2026 cash retainer by the average closing price of LegalZoom’s stock over the 30‑day period ending five days before the grant date. These RSUs will vest in four quarterly installments on the last trading day of each fiscal quarter in 2026, so long as he continues serving as a director on each vesting date.
Positive
- None.
Negative
- None.
FAQ
What insider transaction did LegalZoom (LZ) report for John Francis Murphy?
The company reported that director John Francis Murphy acquired 8,297 shares of LegalZoom common stock on January 15, 2026, recorded as an acquisition under transaction code A.
How many LegalZoom (LZ) shares does John Francis Murphy own after this transaction?
After the reported transaction, John Francis Murphy beneficially owns 78,250 shares of LegalZoom common stock held directly.
Was the LegalZoom (LZ) Form 4 transaction an open-market purchase or compensation?
The filing explains that the shares are tied to restricted stock units issued under LegalZoom’s Eligible Director Compensation Policy, where Murphy elected to receive his annual cash retainer in RSUs instead of cash.
How was the number of RSUs for John Francis Murphy’s LegalZoom compensation calculated?
The number of RSUs was determined by dividing Murphy’s expected fiscal 2026 cash retainer fees by the average closing price of LegalZoom common stock over the 30 calendar days ending on the fifth calendar day before the grant date.
When do John Francis Murphy’s LegalZoom (LZ) RSUs vest?
The RSUs will vest in four quarterly installments on the last trading day of each fiscal quarter in 2026, subject to his continued service with the company through each vesting date.
What is the reported price per share for John Francis Murphy’s LegalZoom equity grant?
The Form 4 reports a price of $10.1232 per share associated with the 8,297 acquired shares of LegalZoom common stock.