Meta Platforms (NASDAQ: META) grants director John Elkann 612 RSUs
Rhea-AI Filing Summary
Elkann John reported acquisition or exercise transactions in this Form 4 filing.
Meta Platforms director John Elkann received a grant of 612 Restricted Stock Units (RSUs) tied to Class A common stock. Each RSU represents the right to receive one share of Meta Class A common stock upon settlement. Following this award, Elkann holds 612 RSUs directly.
The RSUs vest as to 100% of the total award on May 15, 2027. However, if Meta’s 2027 Annual Meeting of Shareholders occurs before that date and Elkann does not stand for re-election or is not re-elected but continues serving until the meeting, then all 612 RSUs will vest on the meeting date. Settlement of the RSUs has been deferred under Meta’s Deferred Compensation Plan for Non-Employee Directors.
Positive
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Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Elkann John
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units (RSU) (Class A) | 612 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units (RSU) (Class A) — 612 shares (Direct)
Footnotes (2)
- F1. Each Restricted Stock Unit ("RSU") represents a contingent right to receive 1 share of the Issuer's Class A Common Stock upon settlement.
- F2. The RSUs vest as to 100% of the total RSUs on May 15, 2027; provided, however, in the event that (i) the Issuer's 2027 Annual Meeting of Shareholders is held prior to May 15, 2027; and (ii) the reporting person does not stand for re-election at, or is not re-elected at, the 2027 Annual Meeting of Shareholders (but the reporting person continues to serve on the Board until the date of such meeting), then 100% of the total RSUs shall vest on the date of the 2027 Annual Meeting of Shareholders. The reporting person has deferred the settlement of the RSUs pursuant to the Issuer's Deferred Compensation Plan for Non-Employee Directors.
Key Figures
RSUs granted: 612 units
RSUs held after grant: 612 units
Exercise price: $0.00 per unit
+2 more
5 metrics
RSUs granted
612 units
Restricted Stock Units (Class A) granted to director John Elkann
RSUs held after grant
612 units
Total RSUs following the reported transaction
Exercise price
$0.00 per unit
Conversion or exercise price for the RSUs
Standard vesting date
May 15, 2027
100% of RSUs vest on this date absent earlier annual meeting trigger
Underlying shares per RSU
1 share per RSU
Each RSU represents one Meta Class A common share upon settlement
Key Terms
Restricted Stock Unit ("RSU"), Class A Common Stock, Annual Meeting of Shareholders, Deferred Compensation Plan for Non-Employee Directors
4 terms
Restricted Stock Unit ("RSU") financial
"Each Restricted Stock Unit ("RSU") represents a contingent right to receive 1 share"
Class A Common Stock financial
"1 share of the Issuer's Class A Common Stock upon settlement"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
Deferred Compensation Plan for Non-Employee Directors financial
"deferred the settlement of the RSUs pursuant to the Issuer's Deferred Compensation Plan for Non-Employee Directors"
FAQ
What did Meta Platforms (META) director John Elkann report in this Form 4?
John Elkann reported receiving 612 Restricted Stock Units (RSUs) linked to Meta Class A common stock. This is a compensation-related equity grant rather than an open-market stock purchase or sale, and increases his direct RSU holdings to 612 units.
How many Meta Platforms (META) RSUs were granted to John Elkann?
John Elkann was granted 612 Restricted Stock Units (RSUs) tied to Meta Class A common stock. Each RSU represents a contingent right to receive one share of Meta Class A stock upon settlement under the award’s vesting and deferral terms.
When do John Elkann’s Meta (META) RSUs vest according to the filing?
The RSUs vest 100% on May 15, 2027, under the standard schedule. Alternatively, if Meta’s 2027 Annual Meeting is held earlier and Elkann does not stand for, or is not, re-elected while serving until that meeting, vesting accelerates to that meeting date.
What does each Meta (META) RSU granted to John Elkann represent?
Each Restricted Stock Unit represents a contingent right to receive one share of Meta’s Class A common stock upon settlement. This means Elkann receives actual Class A shares only after the RSUs vest and are settled under the grant’s terms.
How are John Elkann’s Meta (META) RSUs settled under the company’s plan?
The filing states Elkann has deferred settlement of the RSUs under Meta’s Deferred Compensation Plan for Non-Employee Directors. This means the RSUs vest on the stated schedule, but conversion into actual Class A shares occurs on a deferred basis per plan rules.
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