MarketAxess Holdings Inc (MKTX) director receives 259 RSUs award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SCHICIANO KENNETH T reported acquisition or exercise transactions in this Form 4 filing.
MarketAxess Holdings Inc director Kenneth T. Schiciano received a grant of 259 shares of common stock in the form of restricted stock units under the company’s 2020 Equity Incentive Plan. These units will vest on the earlier of the next annual meeting of shareholders or the one-year anniversary of the grant date. After this award, he directly holds 555 shares of MarketAxess common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SCHICIANO KENNETH T
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.003 per share | 259 | $0.00 | -- |
Holdings After Transaction:
Common Stock, par value $0.003 per share — 555 shares (Direct)
Footnotes (1)
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FAQ
What does the latest Form 4 for MKTX show for Kenneth T. Schiciano?
The filing shows director Kenneth T. Schiciano received 259 restricted stock units of MarketAxess common stock. These units were awarded under the 2020 Equity Incentive Plan and represent equity compensation rather than an open-market purchase for cash.
What are the vesting terms of Kenneth T. Schiciano’s 259 MKTX restricted stock units?
The 259 restricted stock units will vest on the earlier of the next annual meeting of MarketAxess shareholders or the one-year anniversary of the grant. This time-based vesting schedule ties the award to continued board service over roughly a one-year period.
Under which plan were the 259 MKTX restricted stock units granted to Kenneth T. Schiciano?
The restricted stock units were granted pursuant to MarketAxess’s 2020 Equity Incentive Plan. This plan is used to deliver equity-based compensation, and in this case provided Schiciano with 259 units that convert into common shares once vesting conditions are met.