[Form 4] Everpure, Inc. Insider Trading Activity
Rhea-AI Filing Summary
Tomb Gregory reported acquisition or exercise transactions in this Form 4 filing.
Everpure, Inc. director Tomb Gregory reported an equity compensation grant in the form of Restricted Stock Units tied to Class A Common Stock. The award covers 3,515 shares at no purchase price and will increase his direct holdings to 34,655 shares after settlement.
All 3,515 shares underlying the Restricted Stock Unit award are scheduled to vest on June 10, 2027, if Gregory remains in Continuous Service as defined in the company’s 2015 Equity Incentive Plan. If he voluntarily resigns as a director before that date, a pro rata portion will vest based on days served.
The award is also subject to accelerated vesting in the event of a Change in Control or Corporate Transaction under the plan. In that case, the shares subject to the award fully vest immediately before the transaction becomes effective, provided he remains in Continuous Service on that effective date.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 3,515 | $0.00 | -- |
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.