Nerdy Inc. (NYSE: NRDY) grants 600,000 RSUs to COO Paszterko
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Paszterko John Andrew reported acquisition or exercise transactions in this Form 4 filing.
Nerdy Inc. granted its Chief Operating Officer, John Andrew Paszterko, 600,000 Restricted Stock Units (RSUs) under the 2021 Equity Incentive Plan. Each RSU represents the right to receive one share of Class A Common Stock, vesting one-third in the twelve months ending July 15, 2027, one-third in the twelve months ending July 15, 2028, and one-third in the twelve months ending July 15, 2029.
After this award, he directly holds 1,749,755 Nerdy equity interests, consisting of 99,755 Class A Common Stock shares and 1,650,000 RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Paszterko John Andrew
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 600,000 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 1,749,755 shares (Direct)
Footnotes (1)
- Represents Restricted Stock Units ("RSUs") issued under the Nerdy Inc. 2021 Equity Incentive Plan, as amended. Each RSU represents the contingent right to receive one share of the Issuer's Class A Common Stock. The RSUs shall vest as follows: one-third at various points during the twelve months ending July 15, 2027, one-third at various points during the twelve months ending July 15, 2028, and one-third at various points during the twelve months ending July 15, 2029. Represents 99,755 shares of Class A Common Stock and 1,650,000 restricted stock units.
Key Figures
RSUs granted: 600000 RSUs
Post-transaction holdings: 1749755 equity interests
Direct shares held: 99755 shares
+4 more
7 metrics
RSUs granted
600000 RSUs
Restricted Stock Units granted to COO on July 15, 2026
Post-transaction holdings
1749755 equity interests
Direct holdings after the award, combining shares and RSUs
Direct shares held
99755 shares
Class A Common Stock directly owned after the grant
RSUs outstanding
1650000 RSUs
Restricted Stock Units directly held after the grant
First vesting period end
July 15, 2027
End of first 12-month vesting tranche for one-third of RSUs
Second vesting period end
July 15, 2028
End of second 12-month vesting tranche for one-third of RSUs
Third vesting period end
July 15, 2029
End of final 12-month vesting tranche for one-third of RSUs
Key Terms
Restricted Stock Units, Equity Incentive Plan, contingent right, Class A Common Stock
4 terms
Restricted Stock Units financial
"Represents Restricted Stock Units ("RSUs") issued under the Nerdy Inc. 2021..."
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.
Equity Incentive Plan financial
"issued under the Nerdy Inc. 2021 Equity Incentive Plan, as amended."
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
contingent right financial
"Each RSU represents the contingent right to receive one share..."
Class A Common Stock financial
"receive one share of the Issuer's Class A Common Stock."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity award did Nerdy Inc. (NRDY) grant to COO John Andrew Paszterko?
Nerdy Inc. granted its COO, John Andrew Paszterko, 600,000 Restricted Stock Units under the 2021 Equity Incentive Plan. Each RSU can settle into one share of Class A Common Stock, providing stock-based compensation tied to future vesting.
How do the 600,000 RSUs granted to Nerdy (NRDY)'s COO vest?
The 600,000 RSUs vest in three equal parts. One-third vests at various points during the twelve months ending July 15, 2027, another third during the twelve months ending July 15, 2028, and the final third during the twelve months ending July 15, 2029.
What are John Andrew Paszterko's total Nerdy Inc. (NRDY) holdings after the RSU grant?
After the grant, Paszterko directly holds 1,749,755 Nerdy equity interests. This includes 99,755 shares of Class A Common Stock and 1,650,000 RSUs, reflecting both currently owned shares and additional stock-settled awards.
What does each RSU granted by Nerdy Inc. (NRDY) represent?
Each RSU represents a contingent right to receive one share of Nerdy’s Class A Common Stock. The shares are only delivered if the RSUs vest under the time-based schedule described, aligning compensation with ongoing service.
Under which plan were the RSUs to Nerdy (NRDY)'s COO issued?
The 600,000 RSUs were issued under the Nerdy Inc. 2021 Equity Incentive Plan, as amended. This plan provides for stock-based awards, including RSUs, as part of the company’s long-term executive compensation structure.