Meta (NASDAQ: META) director Robert Kimmitt receives 612 RSUs in new equity grant
Rhea-AI Filing Summary
KIMMITT ROBERT M reported acquisition or exercise transactions in this Form 4 filing.
Meta Platforms director Robert M. Kimmitt received a grant of 612 Restricted Stock Units (RSUs) tied to the company’s Class A common stock. Each RSU represents the right to receive one share upon settlement and was granted as equity compensation, not a market purchase.
The RSUs vest 100% on May 15, 2027. If Meta’s 2027 annual shareholder meeting occurs before that date and Kimmitt either does not stand for re-election or is not re-elected but continues serving until the meeting, then all 612 RSUs will instead vest on the date of that 2027 meeting. Kimmitt has elected to defer settlement of these RSUs under Meta’s Deferred Compensation Plan for non-employee directors.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units (RSU) (Class A) | 612 | $0.00 | -- |
Footnotes (1)
- Each Restricted Stock Unit ("RSU") represents a contingent right to receive 1 share of the Issuer's Class A Common Stock upon settlement. 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.