Director Nicholas Donofrio receives 50,000-share equity award at Corvex (MOVE)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DONOFRIO NICHOLAS M reported acquisition or exercise transactions in this Form 4 filing.
Corvex, Inc. director Nicholas M. Donofrio received an equity grant of 50,000 shares of Common Stock in the form of restricted stock units. The Form 4 shows this as an award transaction with no cash price per share.
The footnote explains these are time-based restricted stock units that vest in three equal annual installments starting from the grant date. Following this grant, Donofrio holds 50,000 shares directly, indicating this is a new equity-based compensation award rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
DONOFRIO NICHOLAS M
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 50,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 50,000 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 50,000 shares
Grant price per share: $0.0000 per share
Shares owned after grant: 50,000 shares
+1 more
4 metrics
RSU grant size
50,000 shares
Restricted stock units awarded to director on 2026-07-01
Grant price per share
$0.0000 per share
Reported transaction price for RSU award
Shares owned after grant
50,000 shares
Total direct holdings following transaction
Vesting schedule
Three equal annual installments
Time-based RSUs vest from the grant date
Key Terms
restricted stock units, time-based, grant, award, or other acquisition, Common Stock
4 terms
restricted stock units financial
"Represents a grant of time-based restricted stock units that vest in three equal annual installments"
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.
time-based financial
"Represents a grant of time-based restricted stock units that vest in three equal annual installments"
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
Common Stock financial
""security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What did Corvex (MOVE) director Nicholas Donofrio report in this Form 4?
Nicholas M. Donofrio reported an award of 50,000 shares of Corvex common stock. The filing classifies it as a grant of restricted stock units, not an open-market trade, and reflects compensation rather than a discretionary stock purchase or sale.
What type of equity award did Nicholas Donofrio receive from Corvex (MOVE)?
Donofrio received time-based restricted stock units in Corvex common stock. The Form 4 notes the transaction code "A" for grant or award, and a footnote clarifies that these RSUs vest in three equal annual installments from the grant date.
Over what period do Nicholas Donofrio’s Corvex (MOVE) restricted stock units vest?
The restricted stock units vest in three equal annual installments from the grant date. This means the award will become fully vested over three years, with one-third of the units vesting each year, subject to the terms of the grant agreement.
What is Nicholas Donofrio’s direct Corvex (MOVE) ownership after this grant?
After the reported grant, Donofrio directly holds 50,000 shares of Corvex common stock. This total reflects the newly awarded restricted stock units and shows his position as reported immediately following the transaction in the Form 4.