Palladyne AI director granted 15,083 RSUs
Young Michael T. reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Young Michael T. reported acquisition or exercise transactions in this Form 4 filing.
Palladyne AI Corp. director Michael T. Young received an equity grant of 15,083 shares in the form of restricted stock units (RSUs). The award carries no cash purchase price and reflects stock-based compensation rather than an open‑market share purchase.
Each RSU represents one share of Palladyne AI common stock and will vest on the earlier of the first anniversary of the grant date or the day before the company’s next annual stockholder meeting, as long as Young continues as a service provider through that date. After this grant, he holds 38,202 common shares directly, including the unvested RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 15,083 shares
Grant/Award
1 txn
Insider
Young Michael T.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 15,083 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 38,202 shares (Direct)
Footnotes (1)
- F1. 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.
Key Figures
RSU grant size: 15,083 RSUs
Grant price: $0.00 per share
Post-grant holdings: 38,202 shares
+1 more
4 metrics
RSU grant size
15,083 RSUs
Equity award to director Michael T. Young
Grant price
$0.00 per share
RSU award carries no cash purchase price
Post-grant holdings
38,202 shares
Direct common stock holdings after the RSU grant
RSU-to-share ratio
1 RSU = 1 share
Each RSU represents one Palladyne AI common share
Key Terms
restricted stock units, RSUs, vesting, annual meeting, +1 more
5 terms
restricted stock units financial
"Includes 15,083 restricted stock units ("RSUs"), each RSU representing the right to receive one share"
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.
vesting financial
"The RSUs will vest on the earlier of (i) the first anniversary of the date the award is granted"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
annual meeting financial
"or (ii) the day prior to the date of the next annual meeting of the Issuer's stockholders"
A company's annual meeting is a yearly gathering where owners (shareholders) and the board review performance, ask questions, and vote on key matters like electing directors, approving auditor choices, and sometimes setting pay or dividend policies. For investors it matters because decisions made and votes cast can change who runs the company, influence strategy and payouts, and affect the value or direction of their investment—similar to a homeowners’ meeting where rules and leaders that shape your property’s value are decided.
Service Provider financial
"subject to the Reporting Person continuing to be a Service Provider through the applicable vesting date"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Palladyne AI (PDYN) director Michael T. Young report on this Form 4?
Michael T. Young reported receiving 15,083 restricted stock units (RSUs) of Palladyne AI common stock. The grant was awarded at no cash cost as part of equity compensation, increasing his direct holdings to 38,202 shares, including these unvested RSUs.
When do Michael T. Young’s 15,083 Palladyne AI RSUs vest?
The 15,083 RSUs vest on the earlier of the first anniversary of the grant date or the day before Palladyne AI’s next annual stockholder meeting. Vesting requires that Young continue serving as a service provider through whichever applicable vesting date occurs.
What are RSUs in the context of this Palladyne AI (PDYN) Form 4 filing?
RSUs, or restricted stock units, are rights to receive company shares in the future once vesting conditions are met. Here, each of the 15,083 RSUs equals one Palladyne AI common share, subject to Young’s continued service until the specified vesting date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
