Paymentus (PAY) director Arun Oberoi awarded 8,280 RSUs, now holds 41,885 shares
Rhea-AI Filing Summary
OBEROI ARUN reported acquisition or exercise transactions in this Form 4 filing.
Paymentus Holdings, Inc. director Arun Oberoi received an equity grant of 8,280 shares of Class A common stock in the form of restricted stock units at no cash cost. The award vests in full on the one-year anniversary of the grant date, subject to continued service, bringing his direct holdings to 41,885 shares.
Positive
- None.
Negative
- None.
Insights
Director received a routine RSU grant that modestly increases his equity stake.
Director Arun Oberoi was granted 8,280 restricted stock units under the company’s 2021 Equity Incentive Plan. The grant price is effectively $0.00 per share, indicating this is compensation rather than a market purchase.
The RSUs cliff-vest on the one-year anniversary of the grant date, contingent on continued service. Following this award, Oberoi directly holds 41,885 Class A shares. As a standard board compensation grant with time-based vesting and no derivative exercises or sales, this event is neutral for investors.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 8,280 | $0.00 | $0.00 |
Footnotes (1)
- F1. Represents an equal number of restricted stock units ("RSUs") granted pursuant to the Issuer's 2021 Equity Incentive Plan. Each RSU represents the right to receive a share of the Issuer's Class A common stock on the date it vests, subject to continued service of the reporting person through the applicable vesting date. The RSUs will vest on the one year anniversary of the grant date.
Key Figures
Key Terms
restricted stock units financial
RSUs financial
2021 Equity Incentive Plan financial
vesting date financial
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