Paymentus (PAY) director Jody Davids granted 8,280 RSUs in equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Paymentus Holdings, Inc. director Jody R. Davids reported an equity award of 8,280 shares of Class A common stock, corresponding to 8,280 restricted stock units (RSUs) granted under the company’s 2021 Equity Incentive Plan. Each RSU converts into one Class A share upon vesting, subject to continued service. The RSUs will vest on the one-year anniversary of the June 8, 2026 grant date. Following this grant, Davids is reported as holding 44,730 Class A shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
DAVIDS JODY R
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 8,280 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 44,730 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 8,280 shares
Grant price per share: $0.0000 per share
Holdings after transaction: 44,730 shares
+1 more
4 metrics
RSU grant size
8,280 shares
Restricted stock units tied to Class A common stock
Grant price per share
$0.0000 per share
Reported transaction price for RSU award
Holdings after transaction
44,730 shares
Class A common stock directly owned after grant
Vesting schedule
One-year cliff vesting
RSUs vest on one-year anniversary of grant date
Key Terms
restricted stock units ("RSUs"), 2021 Equity Incentive Plan, vesting date
3 terms
restricted stock units ("RSUs") financial
"Represents an equal number of restricted stock units ("RSUs") granted pursuant to the Issuer's 2021 Equity Incentive Plan."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
2021 Equity Incentive Plan financial
"RSUs granted pursuant to the Issuer's 2021 Equity Incentive Plan."
vesting date financial
"subject to continued service of the reporting person through the applicable vesting date."
FAQ
What insider transaction did Paymentus (PAY) disclose for Jody R. Davids?
Paymentus disclosed that director Jody R. Davids received an equity award of 8,280 restricted stock units tied to Class A common stock. The grant was reported as a compensation-related acquisition with no purchase price per share on the transaction date.
What are the vesting terms of the RSUs granted to Jody R. Davids at Paymentus?
The 8,280 restricted stock units granted to Jody R. Davids will vest on the one-year anniversary of the grant date. Each RSU entitles her to receive one Class A share upon vesting, assuming she continues to serve through the applicable vesting date.
Under which plan were the RSUs to Jody R. Davids at Paymentus granted?
The restricted stock units reported in the Form 4 were granted under Paymentus Holdings, Inc.’s 2021 Equity Incentive Plan. This plan allows the company to issue equity-based awards like RSUs, which convert into Class A common shares as they vest over time.
Was Jody R. Davids’ Paymentus Form 4 transaction a market purchase or sale?
The Form 4 identifies the transaction as a grant or award acquisition, not an open-market trade. Davids received 8,280 restricted stock units at a reported price of $0.0000 per share, consistent with a compensation grant rather than a buy or sell in the market.