Magnite (MGNI) director Paul Caine receives 13,798 restricted stock units as compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Caine Paul reported acquisition or exercise transactions in this Form 4 filing.
MAGNITE, INC. director Paul Caine received a grant of 13,798 shares of common stock in the form of restricted stock units as compensation for services. These units vest in full on the earliest of June 8, 2027, the 2027 annual stockholders’ meeting, or a change of control of the company. After this award, Caine holds 167,401 shares of common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Caine Paul
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 13,798 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 167,401 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
RSUs granted: 13,798 shares
Holdings after grant: 167,401 shares
Grant price: $0.00 per share
+1 more
4 metrics
RSUs granted
13,798 shares
Restricted stock units granted as compensation
Holdings after grant
167,401 shares
Total common stock held directly after transaction
Grant price
$0.00 per share
Equity compensation, not a market purchase
Vesting date trigger
June 8, 2027
Full vesting on earliest of this date, 2027 meeting, or change of control
Key Terms
restricted stock units, change of control, annual meeting of the Issuer's stockholders, 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
"the 2027 annual meeting of the Issuer's stockholders, 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.
annual meeting of the Issuer's stockholders financial
"the date of the 2027 annual meeting of the Issuer's stockholders"
compensation for services financial
"Granted as compensation for services."
FAQ
What did MAGNITE, INC. (MGNI) director Paul Caine report on this Form 4?
Paul Caine reported receiving 13,798 shares of MAGNITE, INC. common stock as restricted stock units granted as compensation. These are not open-market purchases or sales, but an equity award that increases his direct ownership position in the company.
When do Paul Caine’s MAGNITE, INC. restricted stock units vest?
The 13,798 restricted stock units vest in full on the earliest of June 8, 2027, the date of MAGNITE, INC.’s 2027 annual stockholders’ meeting, or a change of control. Any of these events will accelerate full vesting of the entire award for Caine.
What is the nature of the compensation reported for MAGNITE, INC. director Paul Caine?
The compensation consists of 13,798 restricted stock units of MAGNITE, INC. common stock. The filing states these units were granted as compensation for services, aligning part of Caine’s pay with the company’s equity performance over the vesting period.