Planet Labs (PL) director receives 2,736 and 6,479 RSU awards in Form 4 filing
Rhea-AI Filing Summary
Brennan Ita M reported acquisition or exercise transactions in this Form 4 filing.
Planet Labs PBC director Brennan Ita M reported equity compensation awards of Class A Common Stock in the form of restricted stock units (RSUs). The awards cover 2,736 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.
Insights
Director received routine RSU grants with time- and service-based vesting.
Director Brennan Ita M received equity compensation in the form of 2,736 and 6,479 restricted stock units of Planet Labs PBC Class A Common Stock. These awards are granted at no cash cost and represent a standard tool for director compensation and alignment with shareholders.
The 2,736 RSUs vest in equal quarterly installments on the 15th of September, December, March, and June, while the 6,479 RSUs vest in full on the earlier of the first anniversary of the grant or the next annual meeting of stockholders, in each case subject to continuous service. The filing does not reflect any open-market purchases or sales, only non-cash grants.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 6,479 | $0.00 | -- |
| Grant/Award | Class A Common Stock | 2,736 | $0.00 | -- |
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 2,736 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) 2,736 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.