Everpure (P) director receives 3,515-share RSU equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rothschild Jeffrey reported acquisition or exercise transactions in this Form 4 filing.
Everpure, Inc. director Jeffrey Rothschild received a grant of 3,515 Restricted Stock Units tied to Class A Common Stock as equity compensation, with no cash price per share. The award increases his directly held position to 110,988 shares after the reported transaction.
All RSUs are scheduled to vest on June 10, 2027, subject to his continued service. The award provides for full accelerated vesting immediately before a Change in Control or Corporate Transaction, and pro-rated vesting if he voluntarily resigns based on days of service from grant to resignation.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Rothschild Jeffrey
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 3,515 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 110,988 shares (Direct, null)
Footnotes (1)
- The Restricted Stock Unit award shall be subject to accelerated vesting as follows: In the event of a Change in Control or a Corporate Transaction (each, as defined in the Issuer's 2015 Equity Incentive Plan), the shares subject to the Restricted Stock Unit award will fully vest as of immediately prior to the effective time of such Change in Control or Corporate Transaction, subject to the Reporting Person's Continuous Service on the effective date of such Change in Control or Corporate Transaction. The shares of Class A Common Stock are to be acquired upon the vesting of a Restricted Stock Unit award granted to the Reporting Person. 100% of the shares subject to the Restricted Stock Unit award will vest on June 10, 2027, subject to the Reporting Person's Continuous Service (as defined in the Issuer's 2015 Equity Incentive Plan) on the vesting date, and provided that if the Reporting Person voluntarily resigns as a Director, then the shares subject to the Restricted Stock Unit award will vest as of the effective date of the resignation as to 1/365 of the shares subject to the award multiplied by the number of days of the Reporting Person's service between the date of grant and the effective date of the resignation.
Key Figures
RSU award size: 3,515 shares
Price per share: $0.00 per share
Holdings after transaction: 110,988 shares
+1 more
4 metrics
RSU award size
3,515 shares
Restricted Stock Unit grant to director
Price per share
$0.00 per share
RSU grant has no cash purchase price
Holdings after transaction
110,988 shares
Class A Common Stock directly held after grant
RSU vesting date
June 10, 2027
Scheduled 100% vesting date, subject to Continuous Service
Key Terms
Restricted Stock Unit, Change in Control, Corporate Transaction, Continuous Service, +1 more
5 terms
Restricted Stock Unit financial
"The shares of Class A Common Stock are to be acquired upon the vesting of a Restricted Stock Unit award granted to the Reporting Person."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Change in Control financial
"In the event of a Change in Control or a Corporate Transaction ... the shares subject to the Restricted Stock Unit award will fully vest..."
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.
Corporate Transaction financial
"In the event of a Change in Control or a Corporate Transaction ... the shares subject to the Restricted Stock Unit award will fully vest..."
Continuous Service financial
"subject to the Reporting Person's Continuous Service on the effective date of such Change in Control or Corporate Transaction."
2015 Equity Incentive Plan financial
"each, as defined in the Issuer's 2015 Equity Incentive Plan"
FAQ
What insider transaction did Everpure (P) director Jeffrey Rothschild report?
Jeffrey Rothschild reported receiving a grant of 3,515 Restricted Stock Units linked to Everpure Class A Common Stock. The grant is equity compensation, carries no cash purchase price, and increases his directly held position to 110,988 shares after the reported transaction.
When do Jeffrey Rothschild’s 3,515 Everpure (P) RSUs vest?
The 3,515 Restricted Stock Units are scheduled to vest 100% on June 10, 2027, if Rothschild remains in Continuous Service under Everpure’s 2015 Equity Incentive Plan. Vesting timing shapes when he actually receives the underlying Class A Common Stock shares.
How can a Change in Control affect Everpure (P) director Rothschild’s RSU vesting?
If a Change in Control or Corporate Transaction occurs, all shares subject to Rothschild’s Restricted Stock Unit award will fully vest immediately before the effective time. This acceleration applies only if he remains in Continuous Service on the effective date of that transaction.
What happens to Everpure (P) RSUs if Jeffrey Rothschild voluntarily resigns as director?
If Rothschild voluntarily resigns as director, his RSUs vest on the resignation date based on 1/365 of the award multiplied by days served from grant to resignation. This formula provides pro-rated vesting instead of forfeiting the entire 3,515-share award.