Opendoor director granted 41,667 RSUs
Opendoor Technologies Inc. director David C. Benson received a grant of 41,667 restricted stock units as part of the non-employee director compensation program.
Rhea-AI Filing Summary
Opendoor Technologies Inc. director David C. Benson received a grant of 41,667 restricted stock units as part of the non-employee director compensation program. Each RSU converts into one share of common stock, vesting at the earlier of the next annual stockholder meeting or June 11, 2027, subject to his continued board service. After this award, he directly holds 220,099 shares. Benson has elected to defer receipt of the shares deliverable upon vesting under the company’s deferral election program.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 41,667 | $0.00 | $0.00 |
Footnotes (1)
- F1. Represents an equal number of restricted stock unit ("RSU") award granted to the Reporting Person pursuant to the Issuer's non-employee director compensation policy and subject to time-based vesting. Each RSU represents a contingent right to receive one share of the Issuer's common stock. The RSUs fully vest on the earlier to occur of (a) the date of the Issuer's next annual meeting of stockholders or (b) June 11, 2027, in each case subject to the Reporting Person's continued service to the Issuer as a non-employee director through the applicable vesting date. The Reporting Person has elected to defer the receipt of the shares underlying the RSUs upon vesting of the RSUs in accordance with a deferral election provided by the Issuer.
Key Figures
Key Terms
restricted stock unit ("RSU") financial
time-based vesting financial
contingent right financial
deferral election financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Opendoor (OPEN) director David C. Benson report in this Form 4?
What are the vesting terms of David C. Benson’s new Opendoor RSU grant?
What does each Opendoor RSU granted to David C. Benson represent?
Did David C. Benson pay cash for the Opendoor (OPEN) RSUs reported in the Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.