PodcastOne (PODC) director awarded 42,053 RSUs as board compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Krigsman Jay E. reported acquisition or exercise transactions in this Form 4 filing.
PodcastOne, Inc. director Jay E. Krigsman received a grant of 42,053 Restricted Stock Units as board fees for service from October 1, 2024 to September 30, 2025. These RSUs vested on March 31, 2026 and each unit represents a right to one share of common stock or its cash value.
The board will decide whether settlement is in cash, stock, or a mix, under the company’s 2022 Equity Incentive Plan. Krigsman may defer settlement until he leaves the board or for up to five years after vesting, making this a compensation-related, non-cash equity award rather than an open-market share purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Krigsman Jay E.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 42,053 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 42,053 shares (Direct)
Footnotes (1)
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Key Figures
RSUs granted: 42,053 units
Grant price per RSU: $0.00
RSU vesting date: March 31, 2026
+2 more
5 metrics
RSUs granted
42,053 units
Director fees for service from October 1, 2024 to September 30, 2025
Grant price per RSU
$0.00
Compensation grant, not an open-market purchase
RSU vesting date
March 31, 2026
All 42,053 RSUs vested on this date
Shares underlying RSUs
42,053 shares
Each RSU equals one share of common stock or cash value
RSUs held after grant
42,053 units
Total Restricted Stock Units following this transaction
Key Terms
Restricted Stock Units, 2022 Equity Incentive Plan, contingent right, board of directors
4 terms
Restricted Stock Units financial
"The Restricted Stock Units (the "RSUs") were granted to the Reporting Person as director fees"
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.
2022 Equity Incentive Plan financial
"in accordance with the terms and conditions of the Issuer's 2022 Equity Incentive Plan"
contingent right financial
"Each RSU represents a contingent right to receive one share of the Issuer's common stock or the cash value thereof"
board of directors financial
"as director fees for service on the Issuer's board of directors (the "Board")"
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
FAQ
What did PodcastOne (PODC) director Jay E. Krigsman receive in this Form 4?
Jay E. Krigsman received 42,053 Restricted Stock Units as compensation for serving on PodcastOne’s board. The grant covers his director service from October 1, 2024 to September 30, 2025, and represents a non-cash equity award rather than an open-market share purchase.
When do Jay E. Krigsman’s PodcastOne RSUs vest and what do they represent?
The 42,053 Restricted Stock Units vested on March 31, 2026. Each RSU represents a contingent right to receive either one share of PodcastOne common stock or the cash value of that share, depending on how the board decides to settle the award.
How will Krigsman’s PodcastOne RSU grant be settled for PODC?
Settlement of the 42,053 RSUs will be determined by PodcastOne’s board under the 2022 Equity Incentive Plan. The board may choose cash, stock, or a combination, so the final form of compensation can vary while the total number of RSUs remains fixed.
Can PodcastOne director Jay E. Krigsman defer his RSU payout?
Yes. Krigsman may defer settlement of his 42,053 RSUs until he is no longer serving on PodcastOne’s board or for up to five years from the March 31, 2026 vesting date, providing flexibility in the timing of when he actually receives cash or shares.
Is this PodcastOne Form 4 a stock purchase or routine compensation grant?
This Form 4 reflects a routine compensation grant, not a stock purchase. The 42,053 Restricted Stock Units were awarded as director fees for board service, carry a zero grant price, and will be settled later in cash, stock, or both as determined under the equity plan.