PagerDuty (PD) director William Losch receives 21,816 RSU equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Losch William E reported acquisition or exercise transactions in this Form 4 filing.
PagerDuty, Inc. director William E. Losch reported an equity grant in the form of Restricted Stock Units. He received 21,816 RSUs under the company’s Non-Employee Director Compensation policy, with no cash paid per unit. Each RSU represents the right to receive one share of common stock.
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 he continues serving as a director. After this award, Losch directly holds 67,274 shares of PagerDuty common stock, including shares represented by RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Losch William E
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 21,816 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 67,274 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 per unit: $0.00 per RSU
Total shares after transaction: 67,274 shares
+1 more
4 metrics
RSUs granted
21,816 units
Non-Employee Director Compensation equity award
Grant price per unit
$0.00 per RSU
Director equity award, non-cash
Total shares after transaction
67,274 shares
Direct holdings following RSU grant
Vesting condition
Earlier of 1-year or next annual meeting
Subject to continuous board service
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 did PagerDuty (PD) director William Losch report in this Form 4?
Director William E. Losch reported receiving an equity grant of 21,816 Restricted Stock Units from PagerDuty. These RSUs were issued under the company’s Non-Employee Director Compensation policy and represent a contingent right to receive an equal number of common shares at vesting.
How many PagerDuty RSUs were granted to William Losch and at what price?
William Losch was granted 21,816 Restricted Stock Units at a price of $0.00 per unit. Each RSU represents a right to receive one share of PagerDuty common stock upon vesting, reflecting a compensation award rather than an open-market purchase.
When do William Losch’s newly granted PagerDuty RSUs vest?
The 21,816 Restricted Stock Units will fully vest on the earlier of the first anniversary of the grant date or immediately before PagerDuty’s next annual stockholder meeting, provided Losch continues serving as a director through that vesting date, according to the award terms.
Is William Losch’s PagerDuty Form 4 transaction a market buy or sell?
The filing reports an acquisition via grant, not a market buy or sell. The transaction code is “A,” indicating a grant or award of 21,816 Restricted Stock Units as director compensation, with no cash purchase on the open market involved.