Natera (NTRA) director granted 83 RSUs instead of $16,875 cash fees
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bertagnolli Monica reported acquisition or exercise transactions in this Form 4 filing.
Natera, Inc. director Monica Bertagnolli received an equity grant rather than cash fees for board service. She was issued 83 fully vested Restricted Stock Units (RSUs) on common stock in lieu of quarterly retainer fees of $16,875. Each RSU equals one share of common stock, bringing her direct holdings to 5,374 shares after this grant.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Bertagnolli Monica
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 83 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 5,374 shares (Direct, null)
Footnotes (1)
- Represents the issuance of Restricted Stock Units ("RSUs") to the Reporting Person in lieu of quarterly retainer fees of $16,875 for service on the Issuer's Board of Directors. The RSUs were fully vested at the time of issuance. Each RSU represents a contingent right to receive one share of the Issuer's Common Stock.
Key Figures
RSUs granted: 83 RSUs
Cash fees replaced: $16,875
Holdings after transaction: 5,374 shares
+1 more
4 metrics
RSUs granted
83 RSUs
Equity award in lieu of quarterly board retainer fees
Cash fees replaced
$16,875
Quarterly retainer fees replaced by RSU grant
Holdings after transaction
5,374 shares
Total Natera common shares directly held by Bertagnolli after grant
Grant price per share
$0.00
RSUs issued as compensation, not a market purchase
Key Terms
Restricted Stock Units ("RSUs"), quarterly retainer fees, Board of Directors, contingent right
4 terms
Restricted Stock Units ("RSUs") financial
"Represents the issuance of Restricted Stock Units ("RSUs") to the Reporting Person in lieu of quarterly retainer fees"
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.
quarterly retainer fees financial
"in lieu of quarterly retainer fees of $16,875 for service on the Issuer's Board of Directors"
Board of Directors financial
"for service on the Issuer's Board of Directors"
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
contingent right financial
"Each RSU represents a contingent right to receive one share of the Issuer's Common Stock"
FAQ
What insider transaction did Natera (NTRA) report for Monica Bertagnolli?
Natera reported that director Monica Bertagnolli received 83 Restricted Stock Units as an equity award. The RSUs were granted in lieu of quarterly board retainer fees and were fully vested at issuance, increasing her direct common stock holdings to 5,374 shares.
What is the dollar value of the fees replaced by RSUs in Natera’s Form 4?
The RSU grant replaced quarterly retainer fees of $16,875 for Monica Bertagnolli’s service on Natera’s Board of Directors. Instead of receiving cash, she accepted fully vested Restricted Stock Units that convert into an equal number of common shares.
Were the Natera RSUs granted to Monica Bertagnolli immediately vested?
Yes. The Form 4 notes the Restricted Stock Units issued to Monica Bertagnolli were fully vested at the time of issuance. This means the equity compensation was not subject to a service-based vesting schedule and counted immediately toward her direct share ownership.
What does each Natera RSU granted to Monica Bertagnolli represent?
Each Restricted Stock Unit granted to Monica Bertagnolli represents a contingent right to receive one share of Natera’s common stock. When settled, these RSUs convert into an equivalent number of common shares, providing equity compensation instead of cash board fees.