MongoDB (NASDAQ: MDB) director receives 767-share restricted stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Killalea Peter Thomas reported acquisition or exercise transactions in this Form 4 filing.
MongoDB, Inc. director Peter Thomas Killalea received an equity award of 767 shares of common stock in the form of restricted stock units under the company’s non-employee director compensation policy. These units were granted at no cash cost to him.
Each restricted stock unit represents the right to receive one MongoDB common share and has no expiration date. The award will vest in full on the earlier of the first anniversary of the grant date or the company’s 2027 annual stockholders’ meeting, as long as he continues to serve the company. Following this grant, he directly holds 63,060 shares of MongoDB common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Killalea Peter Thomas
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 767 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 63,060 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSUs granted: 767 shares
Grant price: $0.00 per share
Shares held after: 63,060 shares
3 metrics
RSUs granted
767 shares
Restricted stock units awarded to director as equity compensation
Grant price
$0.00 per share
Reported price per share for the RSU grant
Shares held after
63,060 shares
Total MongoDB common shares directly held after the grant
Key Terms
restricted stock units, non-employee director compensation policy, vest in full, annual stockholders' meeting
4 terms
restricted stock units financial
"Represents restricted stock units issued to the Reporting Person pursuant to the annual equity grant"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
non-employee director compensation policy financial
"pursuant to the annual equity grant under the Issuer's non-employee director compensation policy"
vest in full financial
"The shares underlying the restricted stock unit award shall vest in full on the earlier of"
annual stockholders' meeting financial
"the date of the Issuer's 2027 annual stockholders' meeting, subject to the Reporting Person providing continuous service"
FAQ
What did MongoDB (MDB) director Peter Thomas Killalea report on this Form 4?
He reported receiving an equity award of 767 restricted stock units of MongoDB common stock. The award was made under the company’s non-employee director compensation policy and did not involve any cash purchase or sale in the open market.
What are the vesting terms of the MongoDB (MDB) restricted stock units granted?
The 767 restricted stock units vest in full on the earlier of the first anniversary of the grant date or the 2027 annual stockholders’ meeting. Vesting is contingent on Peter Thomas Killalea continuing to provide service to MongoDB through the applicable vesting date.
Did MongoDB (MDB) director Peter Thomas Killalea pay for the restricted stock units?
No, the restricted stock units were granted at no cash cost, with a reported price per share of $0.00. They represent a form of equity compensation granted under MongoDB’s non-employee director compensation policy rather than a purchase on the open market.