Magnite (MGNI) director granted 13,798 restricted stock units in equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rossman James reported acquisition or exercise transactions in this Form 4 filing.
MAGNITE, INC. director James Rossman received a grant of 13,798 shares of common stock in the form of restricted stock units as compensation for services. These units were awarded at no cash cost to him and increase his direct holdings to 107,477 shares after the transaction.
The restricted stock units vest in full on the earliest of June 8, 2027, the date of Magnite’s 2027 annual stockholders’ meeting, or a change of control of the company. Until vesting, the award remains subject to these time- and event-based conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Rossman James
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 13,798 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 107,477 shares (Direct, null)
Footnotes (1)
- Represents restricted stock units that vest in full on the earliest of (i) June 8, 2027, (ii) the date of the 2027 annual meeting of the Issuer's stockholders, or (iii) a change of control of the Issuer. Granted as compensation for services.
Key Figures
RSU grant size: 13,798 shares
Grant price per share: $0.00 per share
Total holdings after grant: 107,477 shares
+2 more
5 metrics
RSU grant size
13,798 shares
Restricted stock units granted to director on June 8, 2026
Grant price per share
$0.00 per share
Reported transaction price for RSU award
Total holdings after grant
107,477 shares
Direct ownership following the reported transaction
Vesting date trigger
June 8, 2027
Latest date when RSUs vest in full if no earlier event
Alternative vesting triggers
2027 annual meeting or change of control
Other events that cause full vesting
Key Terms
restricted stock units, change of control, grant, award, or other acquisition, compensation for services
4 terms
restricted stock units financial
"Represents restricted stock units that vest in full on the earliest of (i) June 8, 2027..."
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.
change of control financial
"...or (iii) a change of control of the Issuer."
A change of control occurs when the ownership or management of a company shifts significantly, such as through a sale, merger, or acquisition, resulting in new leadership or ownership structure. This change can impact the company's direction and decision-making, which is important for investors because it may affect the company's stability, strategy, and future prospects.
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
compensation for services financial
"Granted as compensation for services."
FAQ
What did Magnite (MGNI) director James Rossman report in this Form 4?
James Rossman reported receiving 13,798 restricted stock units of Magnite common stock as compensation. The award was granted at no cash cost to him and increased his direct holdings to 107,477 shares following the transaction.
When do James Rossman’s new Magnite (MGNI) restricted stock units vest?
The 13,798 restricted stock units vest in full on the earliest of June 8, 2027, the date of Magnite’s 2027 annual stockholders’ meeting, or a change of control of the company. Vesting must meet one of these specific timing or event conditions.
What type of transaction is shown in this Magnite (MGNI) Form 4?
The filing shows a grant or award acquisition of 13,798 restricted stock units of Magnite common stock to director James Rossman. It is categorized as an acquisition transaction, not an open-market buy or sell of existing shares.