Paymentus GC receives 23,274-share RSU grant
Gerber Andrew A. reported acquisition or exercise transactions in this Form 4 filing.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 23,274 | $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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Paymentus (PAY) report for Andrew A. Gerber?
What are the vesting terms of Andrew A. Gerber’s new RSUs at Paymentus (PAY)?
Was Andrew A. Gerber’s Paymentus (PAY) equity transaction a market purchase or sale?
Under which plan were the new Paymentus (PAY) RSUs granted to Andrew A. Gerber?
AI-generated analysis. How Rhea-AI works. Not financial advice.