PodcastOne director granted 34,740 RSUs
Wachsberger Patrick D reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Wachsberger Patrick D reported acquisition or exercise transactions in this Form 4 filing.
PodcastOne director Patrick D. Wachsberger received 34,740 restricted stock units (RSUs) as a compensation award. The RSUs cover his board service from October 1, 2024 to September 30, 2025 and leave him with 34,740 derivative securities reported after this grant.
The RSUs will vest on March 31, 2026, as long as he continues serving on the board through that date. Each RSU represents a right to receive one share of PodcastOne common stock or its cash value, with the board deciding the payout form under the 2022 Equity Incentive Plan. He may defer settlement until he leaves the board or for up to five years after vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 34,740 | $0.00 | $0.00 |
Footnotes (1)
- F1. The Restricted Stock Units (the "RSUs") were granted to the Reporting Person as director fees for service on the Issuer's board of directors (the "Board") for the period from October 1, 2024 to September 30, 2025. The RSUs shall vest on March 31, 2026 (the "Vesting Date"), subject to the Reporting Person's continued service on the Board through the Vesting Date. Each RSU represents a contingent right to receive one share of the Issuer's common stock or the cash value thereof. The Board, in its sole discretion, will determine in accordance with the terms and conditions of the Issuer's 2022 Equity Incentive Plan the form of payout of the RSUs (cash and/or stock). The Reporting Person shall have the option to defer the settlement of the RSUs until the earlier of such time as the Reporting Person is no longer serving on the Board or up to five years from the vesting date.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did PodcastOne (PODC) director Patrick D. Wachsberger report on this Form 4?
How many restricted stock units did the PodcastOne (PODC) director receive?
When do Patrick D. Wachsberger’s RSUs at PodcastOne (PODC) vest?
What period of service do these PodcastOne (PODC) RSUs compensate?
Can the PodcastOne (PODC) director defer settlement of his RSUs?
Will Patrick D. Wachsberger receive PodcastOne (PODC) stock or cash for these RSUs?
AI-generated analysis. How Rhea-AI works. Not financial advice.