Cloudflare director awarded 842 RSUs in stock grant
SANDELL SCOTT D reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
SANDELL SCOTT D reported acquisition or exercise transactions in this Form 4 filing.
Cloudflare, Inc. director Scott D. Sandell received an automatic grant of 842 restricted stock units (RSUs) of Class A common stock under the company’s Outside Director Compensation Policy. The RSUs vest on the earlier of June 30, 2027 or the day before Cloudflare’s next annual stockholder meeting.
After this award, Sandell holds 11,378 shares of Class A common stock directly. In addition, 37,000 shares are held by the Blue Mountain Trust dated April 29, 2019, and 174,534 shares are held by the Pendleton 2020 GRAT dated December 21, 2020, for both of which he serves as trustee.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 842 shares
Grant/Award
3 txns
Insider
SANDELL SCOTT D
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 842 | $0.00 | $0.00 |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 11,378 shares (Direct);
Class A Common Stock — 211,534 shares (Indirect, See footnote)
Footnotes (3)
- F1. Represents an automatic annual restricted stock unit, or RSU, award issued pursuant to the Issuer's Outside Director Compensation Policy. The RSUs vest on the earlier of (i) June 30, 2027 or (ii) the day prior to the date of the Issuer's next annual meeting of stockholders.
- F2. The shares are held of record by the Blue Mountain Trust dated April 29, 2019, for which the reporting person serves as trustee.
- F3. The shares are held of record by the Pendleton 2020 GRAT dated December 21, 2020, for which the reporting person serves as trustee.
Key Figures
RSU grant size: 842 RSUs
RSU vesting date: June 30, 2027
Direct shares after grant: 11,378 shares
+3 more
6 metrics
RSU grant size
842 RSUs
Automatic annual award to outside director
RSU vesting date
June 30, 2027
Or day prior to next annual stockholder meeting
Direct shares after grant
11,378 shares
Class A common stock, held directly by Scott Sandell
Blue Mountain Trust holdings
37,000 shares
Held by Blue Mountain Trust dated April 29, 2019
Pendleton 2020 GRAT holdings
174,534 shares
Held by Pendleton 2020 GRAT dated December 21, 2020
Grant price per share
$0.0000 per share
RSU grant under Outside Director Compensation Policy
Key Terms
restricted stock unit, Outside Director Compensation Policy, RSU, GRAT, +1 more
5 terms
restricted stock unit financial
"Represents an automatic annual restricted stock unit, or RSU, award issued pursuant to the Issuer's Outside Director Compensation Policy."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Outside Director Compensation Policy financial
"Represents an automatic annual restricted stock unit, or RSU, award issued pursuant to the Issuer's Outside Director Compensation Policy."
RSU financial
"Represents an automatic annual restricted stock unit, or RSU, award issued pursuant to the Issuer's Outside Director Compensation Policy."
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.
GRAT financial
"The shares are held of record by the Pendleton 2020 GRAT dated December 21, 2020, for which the reporting person serves as trustee."
trustee financial
"for which the reporting person serves as trustee."
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.
FAQ
What did Cloudflare (NET) director Scott Sandell report in this Form 4?
Scott Sandell reported receiving an automatic grant of 842 restricted stock units of Cloudflare Class A common stock. The grant is part of Cloudflare’s Outside Director Compensation Policy and reflects stock-based compensation rather than an open-market share purchase or sale.
When do Scott Sandell’s new Cloudflare RSUs vest?
The 842 RSUs vest on the earlier of June 30, 2027, or the day prior to Cloudflare’s next annual meeting of stockholders. This creates a service-based vesting schedule tied to either a fixed date or the timing of the company’s next annual meeting.
Was Scott Sandell’s Cloudflare RSU grant an open-market transaction?
No, the 842-share transaction is coded as a grant or award with a price of $0.0000 per share. It represents compensation in the form of restricted stock units under Cloudflare’s Outside Director Compensation Policy, not a purchase or sale in the open market.
AI-generated analysis. How Rhea-AI works. Not financial advice.
