Planet Labs PBC (NYSE: PL) director Reese Scott granted 8,639 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Reese Scott reported acquisition or exercise transactions in this Form 4 filing.
Planet Labs PBC director Reese Scott reported equity awards of Class A Common Stock in the form of restricted stock units (RSUs). The filings show grants of 2,160 RSUs that vest in equal quarterly installments on the 15th of September, December, March, and June, and 6,479 RSUs that fully vest on the earlier of the first anniversary of the grant or the next annual meeting of stockholders, in each case subject to continuous service through the vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Reese Scott
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 6,479 | $0.00 | -- |
| Grant/Award | Class A Common Stock | 2,160 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 15,286 shares (Direct, null)
Footnotes (1)
- Includes 6,479 restricted stock units, each of which represent a contingent right to receive one share of issuer's Class A Common Stock ("RSUs"). The RSUs will fully vest on the earlier of (i) the first anniversary of the grant or (ii) the date of the Issuer's next annual meeting of stockholders to occur following the grant, in either case, subject to continuous service through the vesting date. Includes 2,160 RSUs that vest in equal quarterly installments on the 15th of September, December, March and June. The RSUs represent a contingent right to receive one share of issuer's Class A Common Stock each and have no expiration date. Includes (a) 2,160 RSUs that vest in equal quarterly installments on the 15th of September, December, March and June; and (b) 6,479 RSUs which fully vest on the earlier of (i) the first anniversary of the grant or (ii) the date of the issuer's next annual meeting of stockholders to occur following the grant. The RSUs represent a contingent right to receive one share of issuer's Class A Common Stock each and have no expiration date.
Key Figures
RSU grant 1: 2,160 RSUs
RSU grant 2: 6,479 RSUs
Total RSUs granted: 8,639 RSUs
+3 more
6 metrics
RSU grant 1
2,160 RSUs
Restricted stock units vesting quarterly on the 15th of September, December, March and June
RSU grant 2
6,479 RSUs
Restricted stock units fully vesting on first anniversary of grant or next annual meeting
Total RSUs granted
8,639 RSUs
Sum of 2,160 and 6,479 restricted stock units awarded to director Reese Scott
Holdings after first grant
17,446 shares
Total direct Class A Common Stock holdings following the 2,160-share RSU-related transaction
Holdings after second grant
15,286 shares
Total direct Class A Common Stock holdings following the 6,479-share RSU-related transaction
Transaction price per share
$0.0000
Equity awards reported as grants with no cash price per share
Key Terms
restricted stock units, contingent right, continuous service, annual meeting of stockholders
4 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.
contingent right financial
"represent a contingent right to receive one share of issuer's Class A Common Stock"
continuous service financial
"in either case, 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 following the grant"
FAQ
What insider transactions did Planet Labs PBC (PL) director Reese Scott report?
Reese Scott reported two equity award acquisitions of Class A Common Stock in the form of restricted stock units (RSUs), recorded as grant or award transactions with no cash price per share.
How many restricted stock units did Reese Scott receive from Planet Labs PBC (PL)?
Reese Scott received 2,160 RSUs in one grant and 6,479 RSUs in another, for a total of 8,639 RSUs, each representing a contingent right to one share of Class A Common Stock.
What is the vesting schedule for Reese Scott’s 2,160 Planet Labs (PL) RSUs?
The 2,160 RSUs vest in equal quarterly installments on the 15th of September, December, March, and June, with vesting conditioned on continuous service through each vesting date.
When do Reese Scott’s 6,479 Planet Labs (PL) RSUs fully vest?
The 6,479 RSUs fully vest on the earlier of the first anniversary of the grant or the next annual meeting of stockholders, assuming Reese Scott continues in service through the applicable vesting date.
Do Reese Scott’s Planet Labs (PL) RSUs have an expiration date?
The filing states that the RSUs have no expiration date. Each RSU represents a contingent right to receive one share of Planet Labs’ Class A Common Stock upon satisfaction of the applicable vesting conditions.