Planet Labs (NYSE: PL) grants director 6,479 RSUs, taking holdings to 50,087 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Raymond John w reported acquisition or exercise transactions in this Form 4 filing.
Planet Labs PBC reported that director Raymond John w received a grant of 6,479 restricted stock units (RSUs) tied to Class A Common Stock. These RSUs vest in full on the earlier of the first anniversary of the grant or the next annual meeting of stockholders, subject to continuous service. Following this award, he holds 50,087 shares of Class A Common Stock directly, including the RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Raymond John w
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 6,479 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 50,087 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSUs granted: 6,479 shares
Grant price per share: $0.0000
Total holdings after transaction: 50,087 shares
3 metrics
RSUs granted
6,479 shares
Restricted stock units representing Class A Common Stock awarded to director
Grant price per share
$0.0000
Reported transaction price per share for the RSU award
Total holdings after transaction
50,087 shares
Director’s direct Class A Common Stock holdings following the RSU grant
Key Terms
restricted stock units, continuous service, annual meeting of stockholders
3 terms
restricted stock units financial
"Includes 6,479 restricted stock units, each of which represent a contingent right"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
continuous service financial
"subject to continuous service through the vesting date"
annual meeting of stockholders financial
"the date of the Issuer's next annual meeting of stockholders to occur"
FAQ
What did Planet Labs (PL) disclose about Raymond John w's new equity award?
Planet Labs disclosed that director Raymond John w received a grant of 6,479 restricted stock units (RSUs) representing Class A Common Stock as part of his equity compensation.
What are the vesting terms of the 6,479 RSUs reported for Planet Labs (PL)?
The 6,479 RSUs will fully vest on the earlier of the first anniversary of the grant or Planet Labs' next annual meeting of stockholders, provided the director maintains continuous service through that vesting date.