Director at Everpure (P) receives 3,515-share restricted stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Everpure, Inc. director Taylor Roxanne reported a grant of 3,515 shares of Class A Common Stock underlying a Restricted Stock Unit award at no cost. These shares are to be acquired when the award vests, with 100% of the units scheduled to vest on June 10, 2027, if she remains in continuous service. The award includes accelerated vesting upon a Change in Control or Corporate Transaction and provides pro-rata vesting if she voluntarily resigns as a director before that date, based on days served. Following this grant, her reported Class A Common Stock holdings total 19,858 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Taylor Roxanne
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 3,515 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 19,858 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
Grant price: $0.00 per share
Vesting date: June 10, 2027
+1 more
4 metrics
RSU award size
3,515 shares
Class A Common Stock underlying Restricted Stock Unit grant
Grant price
$0.00 per share
Equity compensation award, not open-market purchase
Vesting date
June 10, 2027
100% of RSU shares vest on this date if service continues
Holdings after award
19,858 shares
Total reported Class A Common Stock following transaction
Key Terms
Restricted Stock Unit, Change in Control, Corporate Transaction, Continuous Service
4 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
"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..."
FAQ
What did Everpure (P) director Taylor Roxanne report in this Form 4 filing?
Director Taylor Roxanne reported receiving a Restricted Stock Unit award for 3,515 shares of Everpure Class A Common Stock at no cost, to be acquired upon vesting, increasing her reported holdings to 19,858 shares after the award.
When do Taylor Roxanne’s Everpure (P) Restricted Stock Units vest?
All 3,515 Restricted Stock Units are scheduled to vest on June 10, 2027, if Taylor Roxanne remains in continuous service as defined under Everpure’s 2015 Equity Incentive Plan, making that date key for the full share delivery under this award.
What triggers accelerated vesting of Taylor Roxanne’s Everpure (P) RSU award?
The RSU award fully vests immediately before the effective time of a Change in Control or Corporate Transaction, provided Taylor Roxanne remains in continuous service on that effective date, giving her protection if the company undergoes a significant transaction.
How is vesting handled if Taylor Roxanne resigns from Everpure (P) as a director?
If she voluntarily resigns as a director before full vesting, the award vests on her resignation date for 1/365 of the 3,515 shares multiplied by her days of service from grant to resignation, providing partial vesting based on time served.