MongoDB (MDB) director granted RSUs and shares in lieu of cash fees
Rhea-AI Filing Summary
Hazard Charles M Jr reported acquisition or exercise transactions in this Form 4 filing.
MongoDB director Hazard Charles M. Jr. reported new stock-based compensation and updated indirect holdings. The filing shows an award of 767 restricted stock units issued under MongoDB’s non-employee director compensation policy, plus 198 fully vested shares received in stock instead of cash director fees.
The restricted stock units each represent one share of common stock and vest in full on the earlier of the first anniversary of the grant date or MongoDB’s 2027 annual stockholders’ meeting, subject to continued service. The Form 4 also reports indirect holdings of 13,995 shares held by The Narragansett Bay Childrens Trust and 17,500 shares held by a family limited partnership, with beneficial ownership disclaimed except for any pecuniary interest.
Positive
- None.
Negative
- None.
Insights
Routine director stock compensation with modest new awards and updated indirect holdings.
The filing shows stock-based compensation for MongoDB director Hazard Charles M. Jr., not open-market trading. He received 767 restricted stock units and 198 fully vested shares under the non-employee director compensation policy, indicating compensation structure rather than a directional bet on the stock.
The RSUs vest on the earlier of the first anniversary of the grant date or the 2027 annual stockholders’ meeting, linking director incentives to continued service. Additional indirect holdings through a childrens trust and a family limited partnership are disclosed, with beneficial ownership disclaimed beyond his pecuniary interest. Overall, this appears to be a routine governance and disclosure update.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 767 | $0.00 | -- |
| Grant/Award | Common Stock | 198 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Represents restricted stock units issued to the Reporting Person pursuant to the annual equity grant under the Issuer's non-employee director compensation policy. Each restricted stock unit represents a contingent right to receive one share of common stock of the Issuer and has no expiration date. The shares underlying the restricted stock unit award shall vest in full on the earlier of (i) the first anniversary of the grant date and (ii) the date of the Issuer's 2027 annual stockholders' meeting, subject to the Reporting Person providing continuous service to the Issuer through such date. Represents fully vested shares issued to the Reporting Person who elected to receive stock in lieu of cash for services as a director under the Issuer's non-employee director compensation policy. The number of shares was calculated based on the 30-day volume-weighted average share price as of the date immediately prior to the date of issuance and the amount of fees owed to the Reporting Person. These shares are held by The Narragansett Bay Childrens Trust (the "Trust"). The Reporting Person is the Trustee of the Trust and, as such, has the power to vote and dispose of the shares held by the Trust. The Reporting Person disclaims beneficial ownership of the shares owned by the Trust except to the extent of his pecuniary interest therein and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose. The reporting person was appointed as the manager and general partner of a family limited partnership that owns the reported securities. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.