Nerdy (NYSE: NRDY) COO receives 600,000 RSU equity grant
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. reported that Chief Operating Officer John Andrew Paszterko received a grant of 600,000 restricted stock units (RSUs) tied to Class A Common Stock at a stated price of $0.0000 per unit. Each RSU represents the right to receive one share of Class A stock. The award vests in three equal portions at various points during the twelve months ending January 15, 2027, January 15, 2028, and January 15, 2029, aligning the grant with multi‑year service. Following this grant, Paszterko’s reported holdings consist of 31,543 Class A shares and 1,150,000 RSUs, totaling 1,181,543 share-based interests.
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 — 1,181,543 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 January 15, 2027, one-third at various points during the twelve months ending January 15, 2028, and one-third at various points during the twelve months ending January 15, 2029. Represents 31,543 shares of Class A Common Stock and 1,150,000 restricted stock units.
FAQ
What did Nerdy (NRDY) disclose in this Form 4 for its COO?
Nerdy disclosed that Chief Operating Officer John Andrew Paszterko received 600,000 restricted stock units. These RSUs are part of his equity compensation and are tied to Nerdy’s Class A Common Stock under the company’s 2021 Equity Incentive Plan.
How many Nerdy (NRDY) RSUs were granted to the COO in this filing?
The filing shows a grant of 600,000 restricted stock units to the COO. Each RSU corresponds to one share of Class A Common Stock, forming a significant component of his long-term incentive compensation package at Nerdy.
What is the vesting schedule for the Nerdy (NRDY) COO’s 600,000 RSUs?
The 600,000 RSUs vest in three equal parts over three years. One-third vests during the twelve months ending January 15, 2027, another third by January 15, 2028, and the final third by January 15, 2029, encouraging multi-year retention.
What does each RSU in the Nerdy (NRDY) COO award represent?
Each restricted stock unit represents a contingent right to receive one share of Nerdy’s Class A Common Stock. The units convert into shares only as they vest over the specified multi-year schedule outlined in the Form 4 footnotes.
What are John Andrew Paszterko’s Nerdy (NRDY) holdings after this RSU grant?
After the grant, Paszterko’s reported holdings total 1,181,543 share-based interests. This consists of 31,543 shares of Class A Common Stock and 1,150,000 restricted stock units, combining current shares and future-vesting awards.
Was this Nerdy (NRDY) Form 4 transaction a market purchase or sale?
No, the Form 4 reflects a grant of restricted stock units, not an open-market trade. The transaction code shows an award acquisition at a stated price of $0.0000 per unit under Nerdy’s 2021 Equity Incentive Plan.