Everpure (P) director receives 3,515-share restricted stock unit award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Taylor Susan J.S. reported acquisition or exercise transactions in this Form 4 filing.
Everpure, Inc. director Taylor Susan J.S. received a grant of 3,515 shares of Class A Common Stock in the form of a restricted stock unit award. These shares vest 100% on June 10, 2027, with provisions for accelerated vesting upon a Change in Control or certain resignation scenarios.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Taylor Susan J.S.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 3,515 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 103,151 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 grant size: 3,515 shares
Grant price: $0.00 per share
Post-transaction holdings: 103,151 shares
+1 more
4 metrics
RSU grant size
3,515 shares
Restricted Stock Unit award to director on June 10, 2026
Grant price
$0.00 per share
Equity compensation, not open-market purchase
Post-transaction holdings
103,151 shares
Class A Common Stock directly owned after grant
Vesting date
June 10, 2027
100% of RSU shares scheduled to vest
Key Terms
Restricted Stock Unit, Change in Control, Corporate Transaction, 2015 Equity Incentive Plan, +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..."
2015 Equity Incentive Plan financial
"each, as defined in the Issuer's 2015 Equity Incentive Plan"
Continuous Service financial
"subject to the Reporting Person's Continuous Service on the effective date of such Change in Control or Corporate Transaction."
FAQ
What did Everpure (P) director Taylor Susan J.S. report on this Form 4?
Taylor Susan J.S. reported receiving a grant of 3,515 shares of Everpure Class A Common Stock as a restricted stock unit award. This is a compensation-related equity grant rather than an open-market stock purchase or sale.
When do the restricted stock units granted to Everpure (P) director vest?
One hundred percent of the 3,515 restricted stock unit shares are scheduled to vest on June 10, 2027, provided the director satisfies the Continuous Service requirement set out in Everpure’s 2015 Equity Incentive Plan.
Are there accelerated vesting provisions for this Everpure (P) RSU grant?
Yes. The award provides for full vesting immediately before the effective time of a Change in Control or Corporate Transaction, if the director remains in Continuous Service on that effective date, as defined in the 2015 Equity Incentive Plan.
What happens to the Everpure (P) RSUs if the director resigns voluntarily?
If the director voluntarily resigns, the RSUs vest based on service time: 1/365 of the 3,515 shares multiplied by the days of service from grant date to resignation, allowing partial vesting proportional to tenure.