Pinterest (NYSE: PINS) awards 291,781 RSUs to chief legal officer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Pinterest, Inc. reported that Chief Legal & Business Affairs Officer Wanjiku Juanita Walcott received an equity grant of 291,781 shares of Class A common stock in the form of restricted stock units (RSUs) at no cash cost.
According to the grant terms, 25% of these RSUs will vest on each of March 20, 2028, June 20, 2028, September 20, 2028, and December 20, 2028, subject to her continued service through each vesting date. Each RSU converts into one share of Class A common stock upon vesting.
After this award, Walcott directly holds a total of 752,010 shares of Pinterest Class A common stock, including RSUs that remain subject to vesting requirements.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Walcott Wanjiku Juanita
Role
Chief Legal & Bus Affairs Ofc.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 291,781 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 752,010 shares (Direct)
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 RSUs subject to vesting requirements.
Key Figures
RSUs granted: 291,781 shares
Post-grant holdings: 752,010 shares
Grant price: $0.00 per share
+2 more
5 metrics
RSUs granted
291,781 shares
Restricted Stock Units granted to Chief Legal & Business Affairs Officer
Post-grant holdings
752,010 shares
Total Class A common stock directly held after transaction
Grant price
$0.00 per share
Recorded transaction price for RSU grant
Vesting schedule start
March 20, 2028
First 25% of RSUs vest, subject to continued service
Vesting schedule end
December 20, 2028
Final 25% of RSUs vest, subject to continued service
Key Terms
Restricted Stock Units (RSUs), 2019 Omnibus Incentive Plan, vesting, Class A common stock
4 terms
Restricted Stock Units (RSUs) financial
"Represents a grant of Restricted Stock Units (RSUs) under the Issuer's 2019 Omnibus Incentive Plan"
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.
2019 Omnibus Incentive Plan financial
"Represents a grant of Restricted Stock Units (RSUs) under the Issuer's 2019 Omnibus Incentive Plan"
vesting financial
"25% will vest on each of March 20, 2028, June 20, 2028, September 20, 2028, and December 20, 2028"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
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 Pinterest (PINS) disclose for Wanjiku Juanita Walcott?
Pinterest disclosed that Chief Legal & Business Affairs Officer Wanjiku Juanita Walcott received a grant of 291,781 restricted stock units. These RSUs are a stock-based compensation award and do not involve an open-market stock purchase or sale.
How many Pinterest (PINS) RSUs were granted to the chief legal officer?
The chief legal officer received 291,781 restricted stock units of Pinterest Class A common stock. Each RSU represents the right to receive one share, subject to future vesting conditions tied to her continued service with the company.
When do the newly granted Pinterest (PINS) RSUs vest for Wanjiku Walcott?
The RSUs vest in four equal installments of 25% each on March 20, 2028, June 20, 2028, September 20, 2028, and December 20, 2028. Vesting is conditioned on her continued service through each specified date.
Does the Pinterest (PINS) RSU grant to the chief legal officer have an exercise price?
The RSU grant does not have an exercise price; it is recorded at $0.00 per share. Each vested RSU converts into one share of Class A common stock without additional cash payment from the executive.
Under which plan were the Pinterest (PINS) RSUs to Wanjiku Walcott granted?
The 291,781 RSUs were granted under Pinterest’s 2019 Omnibus Incentive Plan. This plan provides stock-based awards, such as restricted stock units, to align executive compensation with the company’s long-term performance.