PagerDuty (NYSE: PD) director Bonita C. Stewart awarded 21,816 RSUs in equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Stewart Bonita C. reported acquisition or exercise transactions in this Form 4 filing.
PagerDuty, Inc. director Bonita C. Stewart reported receiving an equity award in the form of 21,816 Restricted Stock Units (RSUs) under the company’s Non-Employee Director Compensation policy. Each RSU represents a contingent right to receive one share of common stock at no purchase price.
The RSUs will fully vest on the earlier of the first anniversary of the grant date or immediately before the next Annual Meeting of stockholders, as long as she continues serving as a director. After this award, she holds 69,120 shares and RSUs in total directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Stewart Bonita C.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 21,816 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 69,120 shares (Direct, null)
Footnotes (1)
- Represents 21,816 Restricted Stock Units acquired pursuant to the Issuer's Non-Employee Director Compensation policy. Each Restricted Stock Unit represents a contingent right to receive one share of Common Stock of the Issuer and has no expiration date. The shares underlying the Restricted Stock Unit award shall fully vest on the earlier of the first anniversary of the grant date or immediately prior to the next Annual Meeting of stockholders, subject to Directors' continuous service to the Issuer on such date. A portion of these shares represent Restricted Stock Units.
Key Figures
RSUs granted: 21,816 units
Grant price: $0.00 per unit
Total holdings after grant: 69,120 shares/RSUs
+1 more
4 metrics
RSUs granted
21,816 units
Restricted Stock Units awarded to Bonita C. Stewart
Grant price
$0.00 per unit
Price per RSU on grant
Total holdings after grant
69,120 shares/RSUs
Direct ownership after the reported transaction
Vesting condition
Earlier of first anniversary or next Annual Meeting
Full vesting trigger for RSU award
Key Terms
Restricted Stock Units, Non-Employee Director Compensation policy, Annual Meeting of stockholders
3 terms
Restricted Stock Units financial
"Represents 21,816 Restricted Stock Units acquired pursuant to the Issuer's Non-Employee Director Compensation policy."
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.
Non-Employee Director Compensation policy financial
"Represents 21,816 Restricted Stock Units acquired pursuant to the Issuer's Non-Employee Director Compensation policy."
Annual Meeting of stockholders financial
"shall fully vest on the earlier of the first anniversary of the grant date or immediately prior to the next Annual Meeting of stockholders"
FAQ
What insider transaction did PagerDuty (PD) report for director Bonita C. Stewart?
PagerDuty reported that director Bonita C. Stewart received a grant of 21,816 Restricted Stock Units. These RSUs were awarded under the company’s Non-Employee Director Compensation policy and represent a contingent right to receive an equal number of PagerDuty common shares at no purchase price.
What are the terms of the 21,816 Restricted Stock Units granted by PagerDuty (PD)?
The 21,816 Restricted Stock Units each represent a contingent right to receive one PagerDuty common share. They have no expiration date and will fully vest on the earlier of the first anniversary of the grant date or immediately before the next Annual Meeting, assuming continuous board service.
Is the PagerDuty (PD) Form 4 for Bonita C. Stewart an open-market stock purchase or sale?
The Form 4 does not show an open-market trade. It reports an acquisition coded as “A,” indicating a grant or award of 21,816 Restricted Stock Units to director Bonita C. Stewart, with a price per unit of $0.00 as part of director compensation.
Under which policy were Bonita C. Stewart’s PagerDuty (PD) RSUs granted?
The 21,816 Restricted Stock Units were granted pursuant to PagerDuty’s Non-Employee Director Compensation policy. This policy provides equity awards to non-employee directors as part of their compensation package, aligning board members’ interests with the company’s long-term performance.