UiPath (NYSE: PATH) legal chief receives 157,208 RSUs, covers taxes
Rhea-AI Filing Summary
UiPath, Inc. reported insider equity activity for its GC & Chief Legal Officer, Brad Brubaker. He received an award of 157,208 restricted stock units (RSUs), each representing one share of Class A Common Stock upon settlement. To cover tax obligations from vested performance stock units and RSUs, the company withheld a total of 55,284 shares. After these transactions, he directly holds 849,558 shares of Class A Common Stock, including the 157,208 RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 24,842 | $11.10 | $276K |
| Tax Withholding | Class A Common Stock | 30,442 | $11.10 | $338K |
| Grant/Award | Class A Common Stock | 157,208 | $0.00 | -- |
Footnotes (1)
- Represents shares withheld by the Issuer to satisfy a tax obligation realized by the Reporting Person upon the vesting and settlement of performance stock units (PSU). Represents shares withheld by the Issuer to satisfy a tax obligation realized by the Reporting Person upon the vesting and settlement of restricted stock units (RSU). Includes 157,208 RSUs. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. The RSUs vest over three years with 16 and 2/3% after 6 months, then 8 and 1/3% in equal quarterly installments thereafter, subject to continuous service through each vesting date.
Key Figures
Key Terms
performance stock units (PSU) financial
restricted stock units (RSU) financial
tax obligation financial
vesting and settlement financial
continuous service financial
FAQ
What insider transactions did UiPath (PATH) report for Brad Brubaker?
What is the size of the equity award UiPath (PATH) granted to its legal chief?
How do the UiPath (PATH) RSUs for Brad Brubaker vest over time?