Owlet (OWLT) director receives 18,996 RSUs in stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Owlet, Inc. director Laura Durr reported receiving a grant of 18,996 restricted stock units (RSUs) of Owlet common stock as compensation. Each RSU converts into one share upon vesting, with all RSUs vesting on the earlier of the first anniversary of the grant date or immediately before the next annual stockholder meeting, subject to her continued service. The filing notes the transaction was reported late due to an administrative oversight. Following this award, Durr directly holds 100,669 shares of Owlet common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Durr Laura
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 18,996 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 100,669 shares (Direct, null)
Footnotes (1)
- This transaction is being reported late due to an administrative oversight. Constitutes restricted stock units ("RSUs") for which the Reporting Person is entitled to receive one (1) share of the Company's common stock for each RSU upon vesting. The RSUs will fully vest on the earlier of (a) the first anniversary of the date of grant or (b) immediately prior to the next annual meeting of the Company's stockholders after the date of grant, subject to the Reporting Person's continued service to the Issuer through such vesting date.
Key Figures
RSUs granted: 18,996 shares
Grant price: $0.00 per share
Shares held after grant: 100,669 shares
3 metrics
RSUs granted
18,996 shares
Restricted stock units awarded to director Laura Durr
Grant price
$0.00 per share
Reported transaction price per RSU
Shares held after grant
100,669 shares
Total direct holdings following the RSU award
Key Terms
restricted stock units ("RSUs"), annual meeting of the Company's stockholders, administrative oversight
3 terms
restricted stock units ("RSUs") financial
"Constitutes restricted stock units ("RSUs") for which the Reporting Person is entitled"
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.
annual meeting of the Company's stockholders financial
"or (b) immediately prior to the next annual meeting of the Company's stockholders"
administrative oversight other
"This transaction is being reported late due to an administrative oversight."
FAQ
What insider transaction did Owlet (OWLT) report for director Laura Durr?
Owlet reported that director Laura Durr received a grant of 18,996 restricted stock units. Each RSU represents the right to receive one share of Owlet common stock upon vesting, increasing her direct holdings to 100,669 shares after the award.
How many RSUs did Laura Durr receive in this Owlet (OWLT) Form 4 filing?
Laura Durr received 18,996 restricted stock units of Owlet common stock. These RSUs are a share-based compensation award, not an open-market purchase, and will settle one-for-one into common shares as they vest under the specified vesting schedule in the filing.
What is the vesting schedule for Laura Durr’s Owlet (OWLT) RSU grant?
The RSUs will fully vest on the earlier of the first anniversary of the grant date or immediately before Owlet’s next annual stockholder meeting. Vesting is conditioned on Laura Durr’s continued service to the company through the applicable vesting date described in the Form 4 footnote.
Is Laura Durr’s Owlet (OWLT) RSU grant an open-market stock purchase?
No, the filing describes the transaction as a grant or award of restricted stock units, not an open-market purchase. The RSUs have a reported price of $0.00 per unit and are part of equity compensation, vesting into shares over time subject to continued service.
Why was the Owlet (OWLT) Form 4 for Laura Durr’s RSUs reported late?
A footnote explains the transaction was reported late due to an administrative oversight. This indicates the delay was attributed to a reporting error rather than any change in the underlying grant terms or vesting conditions disclosed for the restricted stock units.