Offerpad director granted 108,696 RSUs
DEGIORGIO KENNETH D reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
DEGIORGIO KENNETH D reported acquisition or exercise transactions in this Form 4 filing.
Offerpad Solutions Inc. director Kenneth D. DeGiorgio received a grant of 108,696 restricted stock units (RSUs) tied to the company’s Class A common stock. Each RSU represents the right to receive one share in the future, with no cash paid at grant.
The RSUs vest on the earlier of June 3, 2027 or the next annual stockholder meeting after the grant date, if he continues serving as a director. Once vested, they are settled in shares within 45 days after separation from service, a change in control, death, or disability. Following this award, his reported direct holdings total 408,707 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 108,696 shares
Grant/Award
1 txn
Insider
DEGIORGIO KENNETH D
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 108,696 | $0.00 | $0.00 |
Holdings After Transaction:
Class A Common Stock — 408,707 shares (Direct)
Footnotes (1)
- F1. Consists of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of Offerpad Solutions Inc. (the "Issuer") Class A common stock. The RSUs vest on the earlier to occur of (i) June 3, 2027 and (ii) the date of the next annual meeting of stockholders of the Issuer following the grant date, subject to continued service through the applicable vesting date. To the extent vested, RSUs will be settled in shares of the Issuer's Class A common stock within 45 days following the earliest to occur of: (i) the director's separation from service; (ii) a change in control of the Issuer; (iii) the director's death; or (iv) the director's disability.
Key Figures
RSU grant size: 108,696 RSUs
Grant price per RSU: $0.0000 per share
Holdings after transaction: 408,707 shares
+2 more
5 metrics
RSU grant size
108,696 RSUs
Award of restricted stock units coded as acquisition (A)
Grant price per RSU
$0.0000 per share
No cash paid for awarded RSUs
Holdings after transaction
408,707 shares
Total direct Class A common stock following RSU grant
RSU vesting date
June 3, 2027
Vests on earlier of this date or next annual meeting
Settlement window
Within 45 days
After earliest of separation, change in control, death, or disability
Key Terms
restricted stock units, RSUs, change in control, Class A common stock
4 terms
restricted stock units financial
"Consists of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share"
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.
RSUs financial
"The RSUs vest on the earlier to occur of (i) June 3, 2027 and (ii) the date of the next annual meeting"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
change in control financial
"following the earliest to occur of: (i) the director's separation from service; (ii) a change in control of the Issuer"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
Class A common stock financial
"Each RSU represents a contingent right to receive one share of Offerpad Solutions Inc. ... 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.
FAQ
What did Offerpad Solutions (OPAD) director Kenneth DeGiorgio report on this Form 4?
He reported receiving 108,696 restricted stock units (RSUs) linked to Offerpad Solutions Class A common stock. These RSUs were awarded at no cash cost per unit and increase his direct reported holdings to 408,707 shares after the transaction.
When do the new RSUs for Offerpad Solutions (OPAD) director vest?
The RSUs vest on the earlier of June 3, 2027, or the date of the next annual stockholder meeting after the grant. Vesting is conditioned on the director’s continued service with Offerpad Solutions through the applicable vesting date.
How will the Offerpad Solutions (OPAD) RSUs be settled once vested?
Once vested, the RSUs will be settled in Offerpad Solutions Class A common stock within 45 days after the earliest of four events: separation from service, a change in control, the director’s death, or the director’s disability, according to the filing footnote.
AI-generated analysis. How Rhea-AI works. Not financial advice.
