Owlet, Inc. (OWLT) awards 26,785 RSUs to director Laura Durr
Rhea-AI Filing Summary
Owlet, Inc. director Laura Durr received a grant of 26,785 restricted stock units (RSUs) of common stock at a stated price of $0.0000 per share. Each RSU will convert into one share of common stock upon vesting. The RSUs fully vest on the earlier of the first anniversary of the grant date or immediately before the next annual stockholders’ meeting, conditioned on continued service. Following this award, Durr directly holds 127,454 shares of Owlet common stock, including this grant.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 26,785 shares
Net Buy
1 txn
Insider
Durr Laura
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 26,785 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 127,454 shares (Direct)
Footnotes (1)
- F1. 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: 26,785 shares
Price per share: $0.0000
Holdings after transaction: 127,454 shares
3 metrics
RSUs granted
26,785 shares
Restricted stock units of common stock granted to Laura Durr
Price per share
$0.0000
Stated transaction price per share for the RSU award
Holdings after transaction
127,454 shares
Total direct common stock holdings of Laura Durr after the grant
Key Terms
restricted stock units, vesting, annual meeting of the Company's stockholders
3 terms
restricted stock units financial
"Constitutes restricted stock units ("RSUs") for which the Reporting Person is entitled"
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.
vesting financial
"one (1) share of the Company's common stock for each RSU upon vesting."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
annual meeting of the Company's stockholders financial
"immediately prior to the next annual meeting of the Company's stockholders"
FAQ
What did Owlet (OWLT) director Laura Durr report in this Form 4?
Laura Durr reported a grant of 26,785 RSUs of Owlet common stock. Each RSU represents one share issuable upon vesting, increasing her direct holdings to 127,454 shares after the transaction.
What are the vesting terms of Laura Durr’s RSUs at Owlet (OWLT)?
The 26,785 RSUs vest fully on the earlier of (a) the first anniversary of the grant date or (b) immediately before the next annual stockholders’ meeting, subject to continued service to Owlet through the vesting date.
Is Laura Durr’s Owlet (OWLT) RSU award tied to a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox is not marked as affirming a trading plan. The transaction is reported as a grant/award of RSUs, not as a trade executed under a pre-arranged 10b5-1 plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.