MaxLinear (MXL) director Kris Sennesael granted 1,963 RSUs in equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sennesael Kris reported acquisition or exercise transactions in this Form 4 filing.
MAXLINEAR, INC director Kris Sennesael received a grant of 1,963 restricted stock units. Each RSU represents a contingent right to receive one share of MaxLinear common stock.
The RSUs will fully vest on the earlier of May 1, 2027 or the date immediately before the next annual stockholder meeting, as long as Sennesael continues serving as a director.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Sennesael Kris
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 1,963 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 1,963 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit ("RSU") represents a contingent right to receive one share of MaxLinear, Inc. Common Stock. Subject to the Reporting Person's continuing as a Director (as defined in the 2010 Equity Incentive Plan) through such date, one hundred percent (100%) of the RSUs subject to the award will vest on the earlier to occur of May 1, 2027 or the date immediately preceding the next annual meeting of stockholders.
Key Figures
RSUs granted: 1,963 units
Underlying common shares: 1,963 shares
Vesting date: May 1, 2027
+2 more
5 metrics
RSUs granted
1,963 units
Restricted stock unit award to director on May 20, 2026
Underlying common shares
1,963 shares
Each RSU represents one share of common stock
Vesting date
May 1, 2027
Full vesting or earlier date before next annual meeting
Exercise price
$0.00 per unit
RSUs granted with no exercise or conversion price
Post-grant RSU holdings
1,963 units
Total RSUs directly owned after this award
Key Terms
Restricted Stock Units, RSU, 2010 Equity Incentive Plan, vest, +1 more
5 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units""
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.
RSU financial
"Each restricted stock unit ("RSU") represents a contingent right"
Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.
2010 Equity Incentive Plan financial
"Director (as defined in the 2010 Equity Incentive Plan) through such date"
vest financial
"one hundred percent (100%) of the RSUs subject to the award will vest"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
contingent right financial
"represents a contingent right to receive one share of MaxLinear, Inc. Common Stock"
FAQ
What insider transaction did MaxLinear (MXL) report for Kris Sennesael?
MaxLinear reported that director Kris Sennesael received 1,963 restricted stock units as an equity award. These RSUs are a form of stock-based compensation and each unit represents a right to receive one share of MaxLinear common stock in the future.
How many restricted stock units did MaxLinear (MXL) grant to Kris Sennesael?
MaxLinear granted 1,963 restricted stock units to director Kris Sennesael. This award increases his equity-based compensation and, when vested, will convert into 1,963 shares of MaxLinear common stock, aligning his interests more closely with other shareholders over time.
When do Kris Sennesael’s MaxLinear (MXL) RSUs vest?
All 1,963 RSUs granted to Kris Sennesael vest 100% on the earlier of May 1, 2027 or the date immediately preceding MaxLinear’s next annual stockholder meeting. Vesting requires that he continue serving as a director through the applicable vesting date.
What does each RSU in the MaxLinear (MXL) grant represent?
Each restricted stock unit in the grant represents a contingent right to receive one share of MaxLinear common stock. The units do not deliver shares immediately; instead, they convert into common shares once the vesting conditions specified in the award are satisfied.
Is the MaxLinear (MXL) RSU grant to Kris Sennesael an open-market purchase or sale?
No, the RSU grant to Kris Sennesael is a compensation-related equity award, not an open-market purchase or sale. The Form 4 identifies the transaction as a grant or award acquisition, reflecting stock-based compensation rather than a discretionary market trade.