Pinterest grants RSUs to chief business officer
Brown Claude Leonard reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Brown Claude Leonard reported acquisition or exercise transactions in this Form 4 filing.
Pinterest, Inc. reported that Chief Business Officer Claude Leonard Brown received two equity awards in the form of Restricted Stock Units (RSUs) for its Class A common stock under the company’s 2019 Omnibus Incentive Plan.
The first award covers 1,351,622 RSUs that vest 9.25% on March 20, 2026 and every third month through March 30, 2027, 8% on March 20, 2027 and every third month through March 20, 2028, and 7.75% on March 20, 2028 and every third month thereafter, subject to continued service. The second award covers 56,303 RSUs that vest 33% on March 20, 2027 and every third month thereafter, also subject to continued service. Each RSU represents the right to receive one share of Class A common stock upon vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 1,351,622 | $0.00 | $0.00 |
| Grant/Award | Class A Common Stock | 56,303 | $0.00 | $0.00 |
Footnotes (2)
- F1. Represents a grant of Restricted Stock Units (RSUs) under the Issuer's 2019 Omnibus Incentive Plan, which will vest 9.25% on each of March 20, 2026, and every 3rd month thereafter that occurs prior to March 30, 2027; 8% on each of March 20, 2027 and every 3rd month thereafter that occurs prior to March 20, 2028; and 7.75% on each of March 20, 2028 and every 3rd month thereafter, in each case subject to continued service. Each RSU represents the Reporting Person's right to receive one share of Class A common stock, par value $0.00001, subject to vesting.
- F2. Represents a grant of RSUs under the Issuer's 2019 Omnibus Incentive Plan, which will vest 33% on each of March 20, 2027, and every 3rd month thereafter, in each case subject to continued service. Each RSU represents the Reporting Person's right to receive one share of Class A common stock, par value $0.00001, subject to vesting.
FAQ
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What insider transaction did Pinterest (PINS) report for Claude Leonard Brown?
How many RSUs did Claude Leonard Brown receive from Pinterest (PINS)?
What is the vesting schedule for the 1,351,622 Pinterest (PINS) RSUs?
How do the additional 56,303 Pinterest (PINS) RSUs vest for Claude Brown?
What does each Pinterest (PINS) RSU granted to Claude Brown represent?
Were these Pinterest (PINS) RSU grants open-market stock purchases or compensation awards?
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