Paymentus CFO awarded 139,644 RSUs
Kalra Sanjay reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
Kalra Sanjay reported acquisition or exercise transactions in this Form 4 filing.
Paymentus Holdings, Inc. reported that its SVP and CFO, Sanjay Kalra, received a grant of 139,644 shares of Class A common stock as a stock award, at no purchase price. Following this grant, he directly holds 560,372 shares.
The award represents an equal number of restricted stock units under the 2021 Equity Incentive Plan. One fifth of the RSUs will vest on March 9, 2027, with one twentieth vesting on each Quarterly Vesting Date starting August 15, 2027, subject to his continued service.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 139,644 | $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. One fifth of the RSUs will vest on March 9, 2027, and one twentieth of the RSUs will vest on a quarterly basis thereafter on each Quarterly Vesting Date beginning on August 15, 2027. Quarterly Vesting Dates with respect to any calendar year means February 15, May 15, August 15 and November 15.
FAQ
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What insider transaction did Paymentus (PAY) disclose for its CFO?
Under what plan was the Paymentus (PAY) CFO equity grant made?
What is the vesting schedule for the Paymentus (PAY) CFO’s RSUs?
AI-generated analysis. How Rhea-AI works. Not financial advice.