Paymentus GC receives 23,274-share RSU grant
Gerber Andrew A. reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Gerber Andrew A. reported acquisition or exercise transactions in this Form 4 filing.
Paymentus Holdings, Inc. General Counsel and Secretary Andrew A. Gerber reported receiving a grant of 23,274 shares of Class A common stock in the form of restricted stock units. After this equity award, he holds 118,619 shares of Class A common stock directly.
The RSUs were granted under the company’s 2021 Equity Incentive Plan. One fifth of the RSUs will vest on March 9, 2027, and one twentieth will vest on each quarterly vesting date beginning August 15, 2027, subject to his continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 23,274 shares
Grant/Award
1 txn
Insider
Gerber Andrew A.
Role
General Counsel and Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 23,274 | $0.00 | $0.00 |
Holdings After Transaction:
Class A Common Stock — 118,619 shares (Direct)
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
What insider transaction did Paymentus (PAY) report for Andrew A. Gerber?
Paymentus reported that General Counsel and Secretary Andrew A. Gerber received a grant of 23,274 restricted stock units. These RSUs represent future shares of Class A common stock, awarded as equity compensation under the company’s 2021 Equity Incentive Plan, not an open-market purchase.
What are the vesting terms of Andrew A. Gerber’s new RSUs at Paymentus (PAY)?
The 23,274 restricted stock units vest over several years. One fifth vests on March 9, 2027, and one twentieth vests quarterly starting August 15, 2027, on February 15, May 15, August 15, and November 15, assuming continued service through each vesting date.
Was Andrew A. Gerber’s Paymentus (PAY) equity transaction a market purchase or sale?
The transaction was not a market purchase or sale. It was a compensation-related acquisition coded as a grant of restricted stock units, with a price per share of $0.00, reflecting an award from the company rather than trading in the open market.
Under which plan were the new Paymentus (PAY) RSUs granted to Andrew A. Gerber?
The 23,274 restricted stock units granted to Andrew A. Gerber were issued under Paymentus’ 2021 Equity Incentive Plan. This plan provides equity-based awards, such as RSUs, that vest over time, aligning executive compensation with the company’s long-term performance.
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