Director at Paymentus (NYSE: PAY) receives 8,280 restricted stock units grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
INGRAM WILLIAM reported acquisition or exercise transactions in this Form 4 filing.
Paymentus Holdings, Inc. director William Ingram received an equity grant of 8,280 shares of Class A common stock in the form of restricted stock units under the company’s 2021 Equity Incentive Plan. These RSUs vest on the one-year anniversary of the grant date, contingent on his continued service. Following this award, Ingram directly holds 86,941 shares of Class A common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
INGRAM WILLIAM
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 8,280 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 86,941 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 8,280 shares
Grant price per share: $0.00 per share
Post-grant holdings: 86,941 shares
+2 more
5 metrics
RSU grant size
8,280 shares
Restricted stock units granted to director on grant date
Grant price per share
$0.00 per share
Equity award classified as compensation, not purchase
Post-grant holdings
86,941 shares
Total Class A shares directly held after the transaction
Transaction code
A
Grant, award, or other acquisition of non-derivative security
Ownership type
Direct (D)
Shares reported as directly owned by William Ingram
Key Terms
restricted stock units, 2021 Equity Incentive Plan, vesting date, Class A common stock, +1 more
5 terms
restricted stock units financial
"Represents an equal number of restricted stock units ("RSUs") granted pursuant to the Issuer's 2021 Equity Incentive Plan."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2021 Equity Incentive Plan financial
"RSUs granted pursuant to the Issuer's 2021 Equity Incentive Plan."
vesting date financial
"Each RSU represents the right to receive a share ... on the date it vests, subject to continued service ... through the applicable vesting date."
Class A common stock financial
"Each RSU represents the right to receive a share of the Issuer's Class A common stock on the date it vests."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
grant, award, or other acquisition regulatory
"Transaction code description: Grant, award, or other acquisition."
FAQ
What insider transaction did Paymentus (PAY) disclose for William Ingram?
Paymentus disclosed that director William Ingram received a grant of 8,280 restricted stock units of Class A common stock. The award was made under the 2021 Equity Incentive Plan as compensation, not as an open-market purchase or sale of shares.
When do William Ingram’s new Paymentus (PAY) RSUs vest?
The 8,280 restricted stock units granted to William Ingram will vest on the one-year anniversary of the grant date. Vesting is subject to his continued service with Paymentus through that date, consistent with typical equity incentive plan conditions.
Is William Ingram’s Paymentus (PAY) RSU grant an open-market stock purchase?
No. The transaction is classified as a grant or award acquisition at a price of $0.00 per share. It represents equity compensation in the form of restricted stock units rather than an open-market purchase on a stock exchange.