Nerdy awards 600,000 RSUs to COO Paszterko
Paszterko John Andrew reported acquisition or exercise transactions in this Form 4 filing.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock F1, F2 | 600,000 | $0.00 | $0.00 |
Footnotes (2)
- F1. 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.
- F2. Represents 99,755 shares of Class A Common Stock and 1,650,000 restricted stock units.
Key Figures
Key Terms
Restricted Stock Units financial
Equity Incentive Plan financial
contingent right financial
Class A Common Stock financial
FAQ
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What equity award did Nerdy Inc. (NRDY) grant to COO John Andrew Paszterko?
How do the 600,000 RSUs granted to Nerdy (NRDY)'s COO vest?
What are John Andrew Paszterko's total Nerdy Inc. (NRDY) holdings after the RSU grant?
What does each RSU granted by Nerdy Inc. (NRDY) represent?
Under which plan were the RSUs to Nerdy (NRDY)'s COO issued?
AI-generated analysis. How Rhea-AI works. Not financial advice.