Planet Fitness (PLNT) CEO awarded 35391 restricted stock units
Rhea-AI Filing Summary
Keating Colleen reported acquisition or exercise transactions in this Form 4 filing.
Planet Fitness, Inc. reported that Chief Executive Officer Colleen Keating received a grant of 35391 restricted stock units of Class A common stock as equity compensation. The award was recorded at a price of $0.00 per share, indicating it was not an open-market purchase.
The restricted stock units vest in equal installments on each of the first three anniversaries of the grant date, tying the award to multi-year service. Following this grant, Keating directly holds 140730 shares of Planet Fitness Class A common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 35,391 shares
Net Buy
1 txn
Insider
Keating Colleen
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A common stock | 35,391 | $0.00 | $0.00 |
Holdings After Transaction:
Class A common stock — 140,730 shares (Direct)
Footnotes (1)
- F1. Represents the grant of restricted stock units with respect to the issuer's common stock that vests in equal installments on each of the first three anniversaries of the date of grant.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Planet Fitness (PLNT) CEO Colleen Keating report in this Form 4?
Colleen Keating reported receiving 35391 restricted stock units of Planet Fitness Class A common stock as equity compensation. The award was recorded at $0.00 per share and increased her direct holdings to 140730 shares after the transaction.
Is the Planet Fitness (PLNT) CEO’s Form 4 transaction a stock purchase or a grant?
The transaction is a stock grant, not a market purchase. Colleen Keating received 35391 restricted stock units at a stated price of $0.00 per share as compensation, classified as a grant, award, or other acquisition under the Form 4 coding.
How do the Planet Fitness (PLNT) CEO’s restricted stock units vest?
The 35391 restricted stock units vest in three equal annual installments. They vest on each of the first three anniversaries of the grant date, creating a multi-year vesting schedule that links the CEO’s equity compensation to continued service with Planet Fitness.
What does the $0.00 price in the Planet Fitness (PLNT) Form 4 indicate?
The $0.00 price per share indicates the CEO did not buy shares in the open market. Instead, the 35391 units were granted as restricted stock units, a form of equity compensation awarded by Planet Fitness without cash paid by the executive.
What Form 4 transaction code was used for the Planet Fitness (PLNT) CEO award?
The transaction used code “A,” which stands for a grant, award, or other acquisition. This confirms Colleen Keating’s 35391 restricted stock units were received as an equity award rather than through an open-market stock purchase or sale.