NOAH CFO exercises RSUs into 1,095 shares
NOAH Holdings Ltd Chief Financial Officer Pan Qing reported the vesting and exercise of restricted stock units into ordinary shares.
Rhea-AI Filing Summary
NOAH Holdings Ltd Chief Financial Officer Pan Qing reported the vesting and exercise of restricted stock units into ordinary shares. On June 29, 2026, 109.5 RSUs converted into 1,095 ordinary shares, reflecting the final monthly installment of a 6,383‑RSU award.
This vesting completes the award, which converted RSUs to ordinary shares at a 10‑to‑1 ratio and had been vesting monthly since January 29, 2024. Following this transaction, Pan Qing directly holds 928,520 ordinary shares, and no RSUs from this specific award remain outstanding.
Positive
- None.
Negative
- None.
Insider Trade Summary
109.5 shares exercised/converted
Exercise
2 txns
Insider
Pan Qing
Role
CHIEF FINANCIAL OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | RESTRICTED STOCK UNIT | 109.5 | $0.00 | $0.00 |
| Exercise | ORDINARY SHARES | 1,095 | $0.00 | $0.00 |
Holdings After Transaction:
RESTRICTED STOCK UNIT — 0 contracts (Direct);
ORDINARY SHARES — 928,520 shares (Direct)
Footnotes (2)
- F1. Restricted stock units ("RSUs") convert into ordinary shares on the basis of ten ordinary shares per unit.
- F2. Represents an award of 6,383 RSUs, each representing the right to receive 10 ordinary shares. 3,272 RSUs vested on December 29, 2023. The remaining 3,111 RSUs vest in equal monthly installments of 103 RSUs at the end of each month, commencing January 29, 2024. The award will be fully vested on June 29, 2026. This Form 4 reports the final monthly vesting installment, upon which the award became fully vested. Monthly installments are subject to rounding; accordingly, the number of RSUs vesting in this final installment differs slightly from the unvested balance reported on the prior Form 4. Following this transaction, no RSUs under this award remain outstanding.
Key Figures
Shares received from RSU vesting: 1,095 ordinary shares
RSUs exercised in this installment: 109.5 RSUs
RSU-to-share conversion ratio: 10 ordinary shares per RSU
+3 more
6 metrics
Shares received from RSU vesting
1,095 ordinary shares
Converted from RSUs on June 29, 2026
RSUs exercised in this installment
109.5 RSUs
Final monthly vesting installment of award
RSU-to-share conversion ratio
10 ordinary shares per RSU
Restricted stock unit conversion basis
Total RSUs in award
6,383 RSUs
Equity award described in footnote
Shares held after transaction
928,520 ordinary shares
Direct holdings following RSU conversion
Final vesting date
June 29, 2026
Date award became fully vested
Key Terms
Restricted stock units ("RSUs"), convert into ordinary shares, vest in equal monthly installments, award will be fully vested, +1 more
5 terms
Restricted stock units ("RSUs") financial
"Restricted stock units ("RSUs") convert into ordinary shares on the basis of ten ordinary shares per unit."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
vest in equal monthly installments financial
"The remaining 3,111 RSUs vest in equal monthly installments of 103 RSUs at the end of each month, commencing January 29, 2024."
award will be fully vested financial
"The award will be fully vested on June 29, 2026."
Form 4 regulatory
"This Form 4 reports the final monthly vesting installment, upon which the award became fully vested."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did NOAH CFO Pan Qing report on this Form 4?
Pan Qing reported a vesting-related transaction, where restricted stock units converted into ordinary shares. The filing shows RSUs were exercised into 1,095 NOAH ordinary shares as part of a scheduled equity award vesting, rather than an open-market share purchase or sale.
What is the size and structure of Pan Qing’s NOAH RSU award mentioned in the filing?
The award consists of 6,383 restricted stock units, each representing the right to receive 10 ordinary shares. Portions vested earlier, and this Form 4 covers the final monthly installment, after which the award is fully vested and no RSUs under it remain outstanding.
Was this NOAH Form 4 transaction an open-market buy or sell?
No, the Form 4 describes a derivative exercise, not an open-market trade. The M transaction code and description indicate restricted stock units converted into ordinary shares as part of a compensation grant vesting schedule, without a reported purchase or sale in the market.
When did the NOAH RSU award to Pan Qing become fully vested?
The award became fully vested on June 29, 2026. The filing explains that RSUs vested monthly in equal installments starting January 29, 2024, and this Form 4 reports the final monthly vesting installment, after which no RSUs under this award remain outstanding.
AI-generated analysis. How Rhea-AI works. Not financial advice.
