Pinterest (NYSE: PINS) awards 1.4M RSUs to chief business officer
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
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 1,351,622 | $0.00 | -- |
| Grant/Award | Class A Common Stock | 56,303 | $0.00 | -- |
Footnotes (1)
- 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. 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.