PicS (PICS) director discloses 75,100 RSUs with long-term vesting
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
PicS N.V. director Marcio Antonio Teixeira Linares filed an initial ownership report showing holdings of restricted stock units. The filing lists 75,100 RSUs, each representing the right to receive one Class A Common Share. These RSUs were granted on July 1, 2024 and will vest in remaining installments on July 1, 2026, July 1, 2027, July 1, 2028 and July 1, 2029, subject to his continued service on the board.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Teixeira Linares Marcio Antonio
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 75,100 shares (Direct)
Footnotes (1)
- Each restricted stock unit ("RSU") represents the contingent right to receive one Class A Common Share. Represents RSUs granted on July 1, 2024, the remaining installments of which will vest pro rata on each of July 1, 2026, July 1, 2027, July 1, 2028 and July 1, 2029, subject to continued service as a member of the board of directors of the issuer.
FAQ
What does the PicS (PICS) Form 3 filing show for Marcio Antonio Teixeira Linares?
The Form 3 shows that director Marcio Antonio Teixeira Linares holds 75,100 restricted stock units. Each RSU gives him the contingent right to receive one PicS Class A Common Share, reflecting his equity-based board compensation.
When do Marcio Teixeira Linares’s PicS (PICS) RSUs vest?
The RSUs were granted on July 1, 2024, with remaining installments vesting on July 1, 2026, July 1, 2027, July 1, 2028 and July 1, 2029. Vesting is conditioned on his continued service on the PicS board.
What type of security is reported in the PicS (PICS) Form 3?
The filing reports restricted stock units, a form of deferred equity compensation. Each RSU represents a contingent right to receive one PicS Class A Common Share rather than current share ownership or a cash-settled derivative.
Is the PicS (PICS) Form 3 a sign of buying or selling activity?
This Form 3 is an initial ownership report and does not show open-market buying or selling. It simply discloses Marcio Teixeira Linares’s existing RSU holdings as a PicS director, including their size and vesting schedule.