Planet Labs (PL) co-founder granted RSUs, shares withheld for taxes
Rhea-AI Filing Summary
Planet Labs PBC co-founder and Chief Strategy Officer Robert H. Schingler reported compensation-related equity activity in Class A Common Stock. He received a grant of 115,895 restricted stock units, each representing one share, which will vest in equal quarterly installments over four years beginning on June 15, 2026. In a separate entry, 50,431 shares were withheld by Planet Labs to cover tax liabilities from RSU vesting; no shares were sold in the market. After these transactions, he directly holds 977,022 shares and is also reported as having 330,171 shares held indirectly through the Ulysses Trust 02021.1. The filing notes an additional 851,339 RSUs that vest quarterly on March, June, September, and December 15, each convertible into one share with no expiration date.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 50,431 | $24.79 | $1.25M |
| Grant/Award | Class A Common Stock | 115,895 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- Represents restricted stock units ("RSUs"), each of which represent a contingent right to receive one share of issuer's Class A Common Stock. The RSUs will vest in equal quarterly installments over 4 years, beginning on June 15, 2026. The RSUs have no expiration date. No shares were sold by the Reporting Person. The transaction disclosed represents shares of common stock withheld by the Issuer in payment of the withholding tax liability incurred upon the vesting of restricted stock units ("RSUs"). Includes 851,339 RSUs that vest in equal quarterly installments on the 15th of March, June, September and December. The RSUs represent a contingent right to receive one share of issuer's Class A Common Stock each and have no expiration date.