UiPath director receives 19,175 RSU award
UiPath, Inc. director Rich Wong received a grant of 19,175 Restricted Stock Units (RSUs) of Class A Common Stock under the non-employee director compensation policy.
Rhea-AI Filing Summary
UiPath, Inc. director Rich Wong received a grant of 19,175 Restricted Stock Units (RSUs) of Class A Common Stock under the non-employee director compensation policy. This award, at a stated price of $0.0000 per share, brings his direct holdings to 89,663 shares. He also has 774,831 shares reported as indirectly held by a trust. Each RSU converts into one Class A share and vests on the earlier of the next annual meeting (or immediately before it if he leaves at that meeting) or the first anniversary of the grant date, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 19,175 shares
Grant/Award
2 txns
Insider
Wong Rich
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 19,175 | $0.00 | $0.00 |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 89,663 shares (Direct);
Class A Common Stock — 774,831 shares (Indirect, By Trust)
Footnotes (3)
- F1. This grant was made pursuant to the issuer's non-employee director compensation policy.
- F2. Includes 19,175 Restricted Stock Units (RSUs). Each RSU represents a contingent right to receive one share of Issuer's Class A Common Stock upon settlement. Each Annual Director RSU vests on the earlier of the date of the following year's annual meeting (or the date immediately prior to the next annual meeting, if the non-employee director's service as a director ends at such meeting due to the director's failure to be re-elected or the director not standing for re-election), or the first anniversary of the date of grant, in each case subject to the director's continued service through such vesting date.
- F3. The Reporting Person disclaims Section 16 beneficial ownership over the securities reported herein except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for Section 16 or any other purpose.
Key Figures
RSU grant size: 19,175 RSUs
Grant price: $0.0000 per share
Direct holdings after grant: 89,663 shares
+2 more
5 metrics
RSU grant size
19,175 RSUs
Compensation award of Class A Common Stock RSUs
Grant price
$0.0000 per share
Stated price per RSU in the award
Direct holdings after grant
89,663 shares
UiPath Class A Common Stock directly owned post-transaction
Indirect holdings by trust
774,831 shares
UiPath Class A Common Stock held indirectly through a trust
Vesting condition
Next annual meeting or 1-year
RSUs vest on earlier of next annual meeting or first anniversary, with continued service
Key Terms
Restricted Stock Units (RSUs), non-employee director compensation policy, Section 16 beneficial ownership, pecuniary interest, +1 more
5 terms
Restricted Stock Units (RSUs) financial
"Includes 19,175 Restricted Stock Units (RSUs). Each RSU represents a contingent right to receive one share..."
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
non-employee director compensation policy financial
"This grant was made pursuant to the issuer's non-employee director compensation policy."
Section 16 beneficial ownership regulatory
"The Reporting Person disclaims Section 16 beneficial ownership over the securities reported herein..."
pecuniary interest financial
"except to the extent of his pecuniary interest therein, if any..."
Annual Director RSU financial
"Each Annual Director RSU vests on the earlier of the date of the following year's annual meeting..."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Rich Wong report at UiPath (PATH)?
Rich Wong reported receiving a grant of 19,175 Restricted Stock Units (RSUs) of UiPath Class A Common Stock. The award was made under the company’s non-employee director compensation policy and is treated as a compensation-related equity grant rather than an open-market purchase.
What are the terms of the 19,175 RSU grant to Rich Wong at UiPath (PATH)?
The 19,175 RSUs each represent a contingent right to receive one UiPath Class A share. They vest on the earlier of the next annual shareholder meeting (or immediately before it if he leaves then) or the first anniversary of the grant, subject to continued board service.
Was the UiPath (PATH) RSU grant to Rich Wong an open-market purchase?
No, the RSU grant was not an open-market purchase. It is classified as a compensation-related acquisition under the non-employee director compensation policy, with a reported price of $0.0000 per RSU, reflecting a board compensation award rather than cash-paid stock buying.
How does the UiPath (PATH) filing describe Rich Wong’s beneficial ownership?
The filing states that Rich Wong disclaims Section 16 beneficial ownership of the reported securities except to the extent of any pecuniary interest. This standard language clarifies that economic interest, not full voting or investment control, determines how much ownership is attributed.
When will Rich Wong’s UiPath (PATH) RSUs vest?
The RSUs vest on the earlier of the date of the following year’s annual meeting or the first anniversary of the grant date. If he is not re-elected or does not stand for re-election, vesting can occur immediately before that meeting, assuming continued service until then.
AI-generated analysis. How Rhea-AI works. Not financial advice.
