Everpure (P) grants director Yen Mallun 3,515 restricted stock units
Rhea-AI Filing Summary
Yen Mallun reported acquisition or exercise transactions in this Form 4 filing.
Everpure, Inc. director Yen Mallun reported an equity award of 3,515 shares of Class A Common Stock, granted at no cash cost as a Restricted Stock Unit (RSU) award. All RSU shares are scheduled to vest on June 10, 2027, conditioned on continued board service.
The award provides for accelerated vesting immediately before a Change in Control or Corporate Transaction, if Mallun remains in Continuous Service on that effective date. If Mallun voluntarily resigns as a director, a pro-rated portion of the RSU will vest based on days served between grant and resignation. Following this grant, Mallun directly holds 48,016 Class A shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 3,515 shares
Net Buy
1 txn
Insider
Yen Mallun
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 3,515 | $0.00 | $0.00 |
Holdings After Transaction:
Class A Common Stock — 48,016 shares (Direct)
Footnotes (2)
- F1. 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.
- F2. 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
Holdings after grant: 48,016 shares
Vesting date: June 10, 2027
3 metrics
RSU grant size
3,515 shares
Class A Common Stock RSU award to director Yen Mallun
Holdings after grant
48,016 shares
Total direct Class A Common Stock held after transaction
Vesting date
June 10, 2027
Scheduled 100% vesting of RSU award, 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"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Everpure (P) director Yen Mallun report in this Form 4?
Yen Mallun reported receiving a grant of 3,515 shares of Everpure Class A Common Stock through a Restricted Stock Unit award. The award was granted at no cash cost and increases Mallun’s direct holdings to 48,016 Class A shares.
When do Yen Mallun’s Everpure restricted stock units vest?
All 3,515 shares underlying the Restricted Stock Unit award are scheduled to vest on June 10, 2027. Vesting is conditioned on Yen Mallun’s Continuous Service as defined in Everpure’s 2015 Equity Incentive Plan through that vesting date.
What happens to the Everpure RSUs if there is a Change in Control?
If a Change in Control or Corporate Transaction occurs, the RSU shares will fully vest immediately before the effective time of that event. This accelerated vesting applies if Yen Mallun remains in Continuous Service on the effective date of the transaction.
How are Everpure RSUs treated if director Yen Mallun resigns?
If Yen Mallun voluntarily resigns as a director, a portion of the RSU award will vest on the resignation date. The vested amount equals 1/365 of the total shares multiplied by the days of service between grant and the effective resignation date.
Is Yen Mallun’s Everpure RSU award tied to the company’s equity plan?
Yes. The Restricted Stock Unit award is granted under Everpure’s 2015 Equity Incentive Plan. Definitions such as Change in Control, Corporate Transaction, and Continuous Service come directly from that plan and govern vesting and potential acceleration conditions.