Pinterest (PINS) CEO William Ready receives 656,456 RSU equity grant vesting in 2028
Rhea-AI Filing Summary
Ready William J reported acquisition or exercise transactions in this Form 4 filing.
Pinterest, Inc. Chief Executive Officer William J. Ready received an equity grant of 656,456 Restricted Stock Units (RSUs) of Class A common stock as compensation. The RSUs vest in four equal 25% installments on March 20, 2028, June 20, 2028, September 20, 2028, and December 20, 2028, subject to his continued service. After this award, he directly holds 1,958,949 shares and RSUs in total, including restricted stock and RSUs that remain subject to vesting requirements.
Positive
- None.
Negative
- None.
Insights
Large RSU grant to Pinterest’s CEO, time-vested and non-cash.
Pinterest granted CEO William J. Ready 656,456 RSUs of Class A common stock at no cash cost, under the company’s 2019 Omnibus Incentive Plan. This is a compensation award rather than an open-market purchase or sale.
The RSUs vest in four 25% tranches across 2028, conditioned on continued service. This structure ties a meaningful portion of his compensation to long-term company performance and retention, while immediately increasing his reported equity holdings to 1,958,949 shares and RSUs.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 656,456 | $0.00 | -- |
Footnotes (1)
- Represents a grant of Restricted Stock Units (RSUs) under the Issuer's 2019 Omnibus Incentive Plan, for which 25% will vest on each of March 20, 2028, June 20, 2028, September 20, 2028, and December 20, 2028, subject to continued service through each such date. Each RSU represents the Reporting Person's right to receive one share of Class A common stock, par value $0.00001, subject to vesting. Includes restricted stock and RSUs subject to vesting requirements.