Director at Pinterest (NYSE: PINS) awarded 13,996 RSUs vesting by 2027
Rhea-AI Filing Summary
Reynolds Fredric reported acquisition or exercise transactions in this Form 4 filing.
Pinterest director Fredric Reynolds received a grant of 13,996 Restricted Stock Units (RSUs) of Class A common stock. The RSUs are scheduled to vest in full on the earlier of May 22, 2027 or the date immediately prior to Pinterest’s next regular annual stockholders meeting, subject to his continued service.
The RSUs will also vest in full upon the consummation of a change in control. Following this award, Reynolds holds 119,219 shares of Class A common stock, including RSUs that remain subject to vesting conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 13,996 shares
Net Buy
1 txn
Insider
Reynolds Fredric
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 13,996 | $19.29 | $270K |
Holdings After Transaction:
Class A Common Stock — 119,219 shares (Direct)
Footnotes (2)
- F1. 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.
- F2. Includes RSUs subject to vesting conditions.
Key Figures
RSUs granted: 13,996 RSUs
Grant date price: $19.29 per share
Total holdings after grant: 119,219 shares
+1 more
4 metrics
RSUs granted
13,996 RSUs
Grant of Class A Common Stock RSUs to director
Grant date price
$19.29 per share
RSU grant valuation per share on transaction date
Total holdings after grant
119,219 shares
Class A Common Stock held after RSU award, including unvested units
Scheduled vesting date
May 22, 2027
RSUs vest earlier of this date or before next annual meeting
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"
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
"one share of Class A common stock, par value $0.00001, subject to vesting."
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Pinterest (PINS) director Fredric Reynolds report in this Form 4?
Fredric Reynolds reported receiving a grant of 13,996 Restricted Stock Units of Pinterest Class A common stock. These RSUs are a form of equity compensation and increase his direct holdings to 119,219 shares, including units still subject to vesting conditions.
What is the vesting schedule for Fredric Reynolds’ 13,996 Pinterest RSUs?
The 13,996 RSUs are scheduled to vest in full on the earlier of May 22, 2027 or the date immediately before Pinterest’s next regular annual stockholders meeting. Vesting is contingent on Reynolds’ continued service with the company through that vesting date.
How do change in control provisions affect Fredric Reynolds’ Pinterest RSUs?
The RSUs will vest in full immediately upon the consummation of a change in control of Pinterest. This means that if a qualifying transaction occurs before the normal vesting date, Reynolds would receive the underlying shares without waiting for the scheduled vesting.
What does each RSU granted to Fredric Reynolds at Pinterest represent?
Each Restricted Stock Unit represents the right to receive one share of Pinterest Class A common stock, par value $0.00001, once vested. Until vesting occurs, RSUs are not actual shares, but a promise to deliver shares if vesting conditions are satisfied.
Was Fredric Reynolds’ Pinterest transaction a market purchase or a grant?
The transaction was a grant of 13,996 RSUs classified as a grant, award, or other acquisition, not an open-market purchase. It reflects equity compensation awarded by Pinterest rather than Reynolds buying shares on the public market.