Director Peter Cannone of MKS (MKSI) awarded 781.959 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CANNONE PETER III reported acquisition or exercise transactions in this Form 4 filing.
MKS Inc director Peter Cannone III reported an equity award on Form 4. He received 781.959 restricted stock units, each representing the right to receive one share of MKS common stock. These units vest in full just before the first annual shareholder meeting following the grant. After this award, he directly holds 9,144.039 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
CANNONE PETER III
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 781.959 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 9,144.039 shares (Direct, null)
Footnotes (1)
- These restricted stock units become fully vested on the day prior to the first annual meeting of shareholders following the date of grant (or if no such meeting is held within 13 months after the date of grant, on the 13 month anniversary of the date of grant). Each restricted stock unit represents the contingent right to receive one share of common stock of MKS Inc.
Key Figures
RSUs granted: 781.959 restricted stock units
Post-award holdings: 9,144.039 shares
Grant price: $0.0000 per share
+2 more
5 metrics
RSUs granted
781.959 restricted stock units
Equity award to director Peter Cannone III
Post-award holdings
9,144.039 shares
Common stock held directly after transaction
Grant price
$0.0000 per share
Stated transaction price for awarded units
Vesting timing
Day prior to first annual meeting after grant
Full vesting trigger for RSUs
Alternative vesting date
13-month anniversary of grant
If no annual meeting within 13 months
Key Terms
restricted stock units, annual meeting of shareholders, contingent right
3 terms
restricted stock units financial
"These restricted stock units become fully vested on the day prior to the first annual meeting of shareholders..."
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.
contingent right financial
"Each restricted stock unit represents the contingent right to receive one share of common stock..."
FAQ
What insider transaction did MKS Inc (MKSI) director Peter Cannone III report?
Director Peter Cannone III reported an equity award on Form 4. He received 781.959 restricted stock units, each tied to one MKS common share, increasing his direct holdings to 9,144.039 shares after the grant.
How many restricted stock units did Peter Cannone III receive from MKS Inc (MKSI)?
Peter Cannone III received 781.959 restricted stock units from MKS Inc. Each unit represents a contingent right to one share of common stock, granted at a stated price of $0.0000 per share as part of his director compensation.
When do Peter Cannone III’s MKS Inc restricted stock units vest?
The restricted stock units become fully vested the day before the first annual meeting of shareholders after the grant date. If no meeting occurs within 13 months, they vest on the 13‑month anniversary of the grant date, according to the award terms.
What does each restricted stock unit represent in the MKS Inc (MKSI) Form 4?
Each restricted stock unit represents the contingent right to receive one share of MKS Inc common stock. This means the director does not receive the shares immediately but gains them once the vesting conditions described in the award are satisfied.