Pinterest (NYSE: PINS) CTO receives 678,885-share RSU award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Madrigal Matthew reported acquisition or exercise transactions in this Form 4 filing.
PINTEREST, INC. reported that Chief Technology Officer Matthew Madrigal received a grant of 678,885 Restricted Stock Units (RSUs) of Class A common stock at no cost. The RSUs, granted under the company’s 2019 Omnibus Incentive Plan, will vest 25% on March 20, 2028, June 20, 2028, September 20, 2028, and December 20, 2028, subject to his continued service. Each RSU represents the right to receive one share of Class A common stock upon vesting. Following this award, he holds 1,652,146 Class A shares, including unvested RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Madrigal Matthew
Role
Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 678,885 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 1,652,146 shares (Direct)
Footnotes (1)
- Represents a grant of Restricted Stock Units (RSUs) under the Issuer's 2019 Omnibus Incentive Plan, which will vest 25% on each of March 20, 2028, June 20, 2028, September 20, 2028, and December 20, 2028, in each case subject to continued service through 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
RSU grant size: 678,885 RSUs
Post-grant holdings: 1,652,146 shares
Vesting schedule: 4 tranches of 25%
+1 more
4 metrics
RSU grant size
678,885 RSUs
Award to CTO Matthew Madrigal on April 10, 2026
Post-grant holdings
1,652,146 shares
Total Class A common stock, including RSUs, after transaction
Vesting schedule
4 tranches of 25%
Vest on March 20, June 20, September 20, December 20, 2028
Grant price
$0.00 per share
RSUs granted at no cash cost to the CTO
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
"which will vest 25% 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) report for CTO Matthew Madrigal?
Pinterest reported that CTO Matthew Madrigal received a grant of 678,885 Restricted Stock Units of Class A common stock. The units were awarded at no cost as equity compensation and will convert into shares only as they vest over a defined schedule in 2028.
When do the new Pinterest (PINS) RSUs granted to the CTO vest?
The 678,885 RSUs granted to Pinterest’s CTO vest in four equal 25% installments during 2028. The scheduled vesting dates are March 20, June 20, September 20, and December 20, each subject to his continued service with the company through the relevant date.
What does each RSU granted to the Pinterest (PINS) CTO represent?
Each Restricted Stock Unit represents the right to receive one share of Pinterest’s Class A common stock. The shares are delivered only when the RSUs vest, so the units function as a promise of future stock subject to continued service-based vesting conditions.
Under which plan were the Pinterest (PINS) CTO’s RSUs granted?
The RSUs were granted under Pinterest’s 2019 Omnibus Incentive Plan. This plan governs equity-based compensation awards such as RSUs, allowing the company to grant stock-related incentives to executives and employees that typically vest over time to encourage retention.