PARK director granted 5,855 restricted stock units
Steele Christopher Eugene reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
Steele Christopher Eugene reported acquisition or exercise transactions in this Form 4 filing.
Park Dental Partners, Inc. reported that director and officer Christopher Eugene Steele received a grant of 5,855 restricted stock units. Each unit represents the right to receive one share of common stock if and when it vests.
The award vests in four equal installments of 25% on each of the first four anniversaries of the grant date, so long as Steele continues to provide service and satisfies the award terms. The units were granted for no cash consideration, reflecting routine equity-based compensation rather than an open-market share purchase or sale.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 5,855 | $0.00 | $0.00 |
Footnotes (3)
- F1. Each restricted stock unit represents a contingent right to receive one share of Park Dental Partners, Inc. Common Stock upon vesting.
- F2. The restricted stock units vest 25% on each of the first four anniversaries of the grant date, subject to the Reporting Person's continued service through each applicable vesting date and the terms of the applicable award agreement.
- F3. The restricted stock units were granted for no cash consideration.
Key Figures
Key Terms
Restricted Stock Units financial
vesting financial
grant date financial
no cash consideration financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did PARK report for Christopher Eugene Steele?
How do Christopher Steele’s PARK restricted stock units vest?
Did Christopher Steele pay cash for the 5,855 PARK restricted stock units?
Is the PARK Form 4 transaction a stock purchase or sale by Christopher Steele?
What happens when Christopher Steele’s PARK restricted stock units vest?
AI-generated analysis. How Rhea-AI works. Not financial advice.