Pinterest (PINS) director Marc Steinberg receives 13,996 RSUs with 2027 vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Steinberg Marc reported acquisition or exercise transactions in this Form 4 filing.
PINTEREST, INC. director Marc Steinberg received a grant of 13,996 shares of Class A common stock in the form of Restricted Stock Units. These RSUs are scheduled to vest in full on the earlier of May 22, 2027 or immediately before the company’s next regular annual stockholders meeting, subject to continued service, with accelerated vesting upon a change in control. Following this award, he holds 55,543 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Steinberg Marc
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 13,996 | $19.29 | $270K |
Holdings After Transaction:
Class A Common Stock — 55,543 shares (Direct, null)
Footnotes (1)
- Restricted Stock Units (RSUs) scheduled to vest in full on the earlier of (i) May 22, 2027 or (ii) the date immediately prior to the Company's next regular annual stockholders meeting (subject to continued service), with immediate vesting in full upon the consummation of a change in control. 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 RSUs subject to vesting conditions.
Key Figures
RSUs granted: 13,996 shares
Grant reference price: $19.29 per share
Shares after transaction: 55,543 shares
+2 more
5 metrics
RSUs granted
13,996 shares
Restricted Stock Units granted to director on May 22, 2026
Grant reference price
$19.29 per share
Price per share reported for the RSU grant
Shares after transaction
55,543 shares
Total Class A common stock held directly after grant
Vesting date
May 22, 2027
Latest date by which RSUs vest, subject to earlier annual meeting
Transaction code
A (grant/award acquisition)
Indicates equity award, not an open-market purchase
Key Terms
Restricted Stock Units (RSUs), change in control, vesting conditions, Class A common stock
4 terms
Restricted Stock Units (RSUs) financial
"Restricted Stock Units (RSUs) scheduled to vest in full on the earlier of (i) May 22, 2027..."
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
change in control financial
"with immediate vesting in full upon the consummation of a change in control."
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
vesting conditions financial
"Includes RSUs subject to vesting conditions."
Vesting conditions are the rules that determine when someone earning company stock or stock options actually gains the right to keep or sell them, typically based on staying with the company for a set time or meeting performance targets. Think of it like keys that unlock gradually — some unlock by calendar date, others only after agreed milestones. Investors care because vesting shapes management incentives, the timing of share sales, and the number of shares that can enter the market, which can affect a company's valuation and ownership mix.
Class A common stock financial
"Each RSU represents the Reporting Person's right to receive one share of Class A common stock..."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
What insider transaction did PINS director Marc Steinberg report?
Marc Steinberg reported receiving 13,996 Restricted Stock Units of Pinterest Class A common stock. The units were granted as equity compensation and increase his direct holdings to 55,543 shares, aligning his interests with shareholders through stock-based incentives subject to future vesting.
When do Marc Steinberg’s new Pinterest (PINS) RSUs vest?
The 13,996 RSUs are scheduled to vest in full on the earlier of May 22, 2027 or immediately before Pinterest’s next regular annual stockholders meeting. Vesting also requires continued service, meaning he must remain in his role through the applicable vesting date.
What does each Pinterest (PINS) RSU granted to Marc Steinberg represent?
Each Restricted Stock Unit represents the right to receive one share of Pinterest Class A common stock. Delivery of these shares occurs only when vesting conditions are met, so the grant currently reflects a future equity entitlement rather than immediately tradable stock.
Is there accelerated vesting on Marc Steinberg’s Pinterest RSUs?
Yes. The RSUs vest immediately in full upon the consummation of a change in control of Pinterest. This provision means that if such a transaction occurs, Steinberg’s unvested RSUs become fully vested, regardless of the original future vesting schedule tied to his service.