Nixxy, Inc. (NIXX) discloses 100,000 RSUs for new director
Rhea-AI Filing Summary
Nixxy, Inc. director Kearney Simon Paul Colm reports initial beneficial ownership of 100,000 restricted stock units (RSUs) linked to common stock.
The RSUs were issued under the 2024 Equity Incentive Plan in connection with his board appointment. 50,000 RSUs vested immediately and the remaining 50,000 RSUs are scheduled to vest in four equal quarterly installments, subject to his continued service, with each RSU representing a contingent right to receive one common share upon settlement.
Positive
- None.
Negative
- None.
Filing Explained
A director received 100,000 contingent share rights; 50,000 vested immediately, while no common-stock delivery is reported.
This Form 3 reports the initial beneficial ownership of Simon Paul Colm Kearny, identified as a director of Nixxy, Inc. On
50,000 RSUs vested immediately, while the remaining 50,000 vest in four equal quarterly installments subject to continued service. The filing lists the award in the derivative-securities table and records Kearny's ownership as direct. The disclosed state is an award with stated vesting terms, not a completed common-stock issuance. The filing leaves the date of settlement and delivery unspecified; the only stated condition for the unvested half is continued service.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Units | -- | -- | -- |
Footnotes (1)
- The RSU were issued to the Reporting Person under the Issuer's 2024 Equity Incentive Plan in connection with the Reporting Person's appointment as a member of the board of directors of the Issuer. 50,000 of the RSUs vested immediately, and the remaining 50,000 RSUs shall vest in four even quarterly paments, subject to the Reporting Person's continued service to the Issuer. Each of the RSU represents a contingent right to receive one (1) share of the Issuer's common stock, par value $0.0001 per share upon settlement.
Key Figures
Key Terms
Restricted Stock Units financial
2024 Equity Incentive Plan financial
par value financial
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