Palladyne AI (PDYN) director receives 15,083-share RSU award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WEIBLING DENNIS M reported acquisition or exercise transactions in this Form 4 filing.
Palladyne AI Corp. director Dennis M. Weibling received a grant of 15,083 restricted stock units (RSUs) of common stock. The award was granted at no cash cost per unit and represents compensation in equity form.
The 15,083 RSUs will vest on the earlier of the first anniversary of the grant date or the day prior to the next annual meeting of stockholders, subject to Mr. Weibling continuing as a service provider through vesting. Following the grant, he holds 344,786 common shares directly, including these RSUs, and additionally has indirect holdings of 376,780 shares through the Weibling Living Trust and 200,000 shares through On Eagles Wings Investments, LLC.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
WEIBLING DENNIS M
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 15,083 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 344,786 shares (Direct, null);
Common Stock — 200,000 shares (Indirect, By On Eagles Wings Investments, LLC)
Footnotes (1)
- Includes 15,083 restricted stock units ("RSUs"), each RSU representing the right to receive one share of common stock of the Issuer. The RSUs will vest on the earlier of (i) the first anniversary of the date the award is granted or (ii) the day prior to the date of the next annual meeting of the Issuer's stockholders following the date the award was granted, in each case, subject to the Reporting Person continuing to be a Service Provider through the applicable vesting date. On Eagles Wings Investments, LLC is an entity wholly-owned by Weibling Living Trust - Revocable Trust, for which Mr. Weibling and his spouse are sole beneficiaries, and Mr. Weibling's children.
Key Figures
RSU grant size: 15,083 RSUs
Grant price: $0.0000 per share
Direct holdings after grant: 344,786 shares
+2 more
5 metrics
RSU grant size
15,083 RSUs
Equity award to director Dennis M. Weibling
Grant price
$0.0000 per share
RSU award consideration
Direct holdings after grant
344,786 shares
Common stock held directly, including RSUs
Indirect trust holdings
376,780 shares
Held by Weibling Living Trust
Indirect LLC holdings
200,000 shares
Held by On Eagles Wings Investments, LLC
Key Terms
restricted stock units, RSUs, Service Provider, annual meeting of the Issuer's stockholders, +1 more
5 terms
restricted stock units financial
"Includes 15,083 restricted stock units ("RSUs"), each RSU representing the right to receive one share of common stock"
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.
RSUs financial
"Includes 15,083 restricted stock units ("RSUs"), each RSU representing the right to receive one share"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
Service Provider financial
"subject to the Reporting Person continuing to be a Service Provider through the applicable vesting date"
annual meeting of the Issuer's stockholders financial
"the day prior to the date of the next annual meeting of the Issuer's stockholders"
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
What insider transaction did Palladyne AI (PDYN) disclose for Dennis M. Weibling?
Palladyne AI disclosed that director Dennis M. Weibling received 15,083 restricted stock units (RSUs) of common stock as an equity grant. The award was issued at no cash cost per unit and increases his direct equity-based compensation stake in the company.
How do Dennis M. Weibling’s new RSUs at Palladyne AI (PDYN) vest?
The 15,083 RSUs vest on the earlier of the first anniversary of the grant date or the day before the next annual stockholders’ meeting. Vesting requires Mr. Weibling to continue as a service provider through the applicable vesting date to receive the underlying shares.
What are Dennis M. Weibling’s indirect holdings in Palladyne AI (PDYN)?
Dennis M. Weibling has 376,780 shares held indirectly through the Weibling Living Trust and 200,000 shares held indirectly through On Eagles Wings Investments, LLC. These entities are associated with his family, providing additional exposure to Palladyne AI beyond his direct shareholdings.
Is the Palladyne AI (PDYN) RSU grant to Dennis M. Weibling a market purchase?
No, the 15,083-share award is a grant of RSUs recorded with transaction code A, meaning a grant or award acquisition. It carries a transaction price of $0.0000 per share, reflecting compensation rather than an open-market stock purchase with cash consideration.