Microsoft (NASDAQ: MSFT) director receives new restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hoffman Reid reported acquisition or exercise transactions in this Form 4 filing.
Microsoft director Reid Hoffman reported a new equity award. He received 37.726 restricted stock units, each representing a right to one share of Microsoft common stock. The units are fully vested, with shares to be delivered on the first anniversary after his separation from the Board. Dividend equivalent rights accrue on these units when dividends are paid, matching the underlying shares. The filing also notes 15,905 shares of common stock held indirectly through a living trust, showing an additional long-term ownership position.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Hoffman Reid
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 37.726 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 16,698.716 shares (Direct);
Common Stock — 15,905 shares (Indirect, By Living Trust)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of Microsoft common stock. Dividend equivalent rights accrue when and as dividends are paid on the Company's common stock and become exercisable proportionately with the restricted stock units to which they relate. The restricted stock units are fully vested. Delivery of the shares to the reporting person will be made on the 1st anniversary after the date of the reporting person's separation from service to the Board of Directors.
FAQ
What insider transaction did Microsoft (MSFT) director Reid Hoffman report?
Reid Hoffman reported receiving 37.726 restricted stock units of Microsoft common stock. These units are fully vested and represent a contingent right to receive an equal number of Microsoft shares at a future delivery date tied to his board service.
How many Microsoft restricted stock units did Reid Hoffman receive?
Reid Hoffman received 37.726 restricted stock units. Each unit represents a contingent right to one share of Microsoft common stock, forming part of his equity-based compensation as a director, according to the Form 4 insider transaction disclosure.
Do Reid Hoffman’s Microsoft restricted stock units earn dividends?
Yes. Dividend equivalent rights accrue on Reid Hoffman’s restricted stock units when dividends are paid on Microsoft’s common stock. These rights become exercisable proportionately with the underlying units, aligning his award’s value with dividends paid to common shareholders.
Are Reid Hoffman’s new Microsoft restricted stock units already vested?
Yes, the restricted stock units reported for Reid Hoffman are fully vested. Although vested, the underlying Microsoft shares will be delivered later, on the first anniversary after his separation from service on the company’s Board of Directors.