Pinterest (NYSE: PINS) director granted 25,940 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Steelman Kecia reported acquisition or exercise transactions in this Form 4 filing.
Pinterest director Kecia Steelman was granted 25,940 Restricted Stock Units (RSUs) of Class A common stock. These RSUs are scheduled to vest in three equal annual installments on February 16, 2027, 2028, and 2029, subject to continued service.
The award will vest in full immediately if a change in control is completed. Each RSU gives the right to receive one share of Class A common stock upon vesting, so this grant represents a potential future issuance of 25,940 shares if all vesting conditions are met.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Steelman Kecia
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 25,940 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 25,940 shares (Direct)
Footnotes (1)
- Restricted Stock Units (RSUs) scheduled to vest in three equal, annual installments on each of February 16, 2027, February 16, 2028, and February 16, 2029 (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 Includes RSUs subject to vesting conditions.
FAQ
What insider transaction did Pinterest (PINS) report for Kecia Steelman?
Pinterest reported that director Kecia Steelman received a grant of 25,940 Restricted Stock Units of Class A common stock. The RSUs vest over three years, representing potential future shares if service and other vesting conditions are satisfied.
What is the vesting schedule for Kecia Steelman’s Pinterest (PINS) RSUs?
The RSUs are scheduled to vest in three equal annual installments on February 16, 2027, February 16, 2028, and February 16, 2029. Vesting is subject to continued service, and unvested units could be forfeited if service conditions are not met.
What happens to Kecia Steelman’s Pinterest (PINS) RSUs if there is a change in control?
The RSUs are structured to vest in full immediately upon the consummation of a change in control. This means any remaining unvested units would become fully vested if a qualifying change in control transaction is completed.
Does Kecia Steelman pay anything for her Pinterest (PINS) RSU award?
The reported transaction price per share is zero, indicating this is a compensatory grant rather than a purchase. Each RSU entitles her to receive a share of Class A common stock upon vesting without an additional purchase price.
Are all of Kecia Steelman’s reported Pinterest (PINS) holdings fully vested?
The filing notes that the total includes RSUs subject to vesting conditions. This means a portion of the reported 25,940 Class A common stock equivalents remains unvested and is contingent on satisfying the scheduled vesting requirements.