Corvex (MOVE) director Brian Cullinan receives 50,000 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cullinan Brian reported acquisition or exercise transactions in this Form 4 filing.
Corvex, Inc. director Brian Cullinan received a grant of 50,000 shares of Common Stock in the form of time-based restricted stock units. These RSUs vest in three equal annual installments from the grant date, meaning the shares are earned over three years as service continues. Following this award, Cullinan directly holds 111,276 shares of Corvex common stock. This is a compensation-related equity grant rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cullinan Brian
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 50,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 111,276 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 50,000 shares
Grant price per share: $0.0000 per share
Shares held after transaction: 111,276 shares
+1 more
4 metrics
RSU grant size
50,000 shares
Time-based restricted stock units granted to director
Grant price per share
$0.0000 per share
Reported transaction price for RSU grant
Shares held after transaction
111,276 shares
Director’s direct holdings following the award
Vesting schedule
Three equal annual installments
RSUs vest from the grant date over three years
Key Terms
restricted stock units, time-based, grant
3 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 financial
"Represents a grant of time-based restricted stock units that vest in three equal annual installments"
FAQ
What insider transaction did Corvex (MOVE) report for Brian Cullinan?
Corvex reported that director Brian Cullinan received a grant of 50,000 restricted stock units of Common Stock. These equity awards are part of his compensation and increase his direct holdings to 111,276 shares after the transaction.
Was the Corvex (MOVE) Form 4 transaction a stock purchase or sale?
The Form 4 shows an acquisition coded as a grant, not a market trade. Brian Cullinan received 50,000 shares as restricted stock units at a reported price of $0.0000 per share, reflecting a compensation award rather than a buy or sell order.
How do Brian Cullinan’s new restricted stock units at Corvex (MOVE) vest?
The 50,000 restricted stock units vest in three equal annual installments from the grant date. This means one-third of the award becomes earned each year over three years, aligning the director’s compensation with continued service to the company.
What does transaction code A mean in the Corvex (MOVE) Form 4?
Transaction code A on the Form 4 indicates a grant, award, or other acquisition of securities. For Corvex, it shows Brian Cullinan received 50,000 restricted stock units of Common Stock as part of his compensation, rather than buying shares on the open market.