PodcastOne (PODC) director receives 34,740 RSUs as board compensation
Filing Impact
Filing Sentiment
Form Type
4
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
1 transaction reported
Mixed
1 txn
Insider
Wachsberger Patrick D
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 34,740 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 34,740 shares (Direct)
Footnotes (1)
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FAQ
What did PodcastOne (PODC) director Patrick D. Wachsberger report on this Form 4?
Patrick D. Wachsberger reported receiving 34,740 restricted stock units (RSUs) as a compensation award for his service on PodcastOne’s board. These RSUs are a routine, non-cash equity grant rather than an open-market purchase or sale of the company’s stock.
How many restricted stock units did the PodcastOne (PODC) director receive?
He received 34,740 restricted stock units (RSUs), all reported as directly owned after the transaction. Each RSU represents a contingent right to one share of PodcastOne common stock or its cash value, subject to the plan’s terms and future vesting and settlement conditions.
When do Patrick D. Wachsberger’s RSUs at PodcastOne (PODC) vest?
The RSUs are scheduled to vest on March 31, 2026, if he continues serving on the board through that date. Vesting is a key condition; without continuous service until vesting, some or all of the units may not become payable under the plan.
What period of service do these PodcastOne (PODC) RSUs compensate?
The RSUs were granted as director fees for board service from October 1, 2024 to September 30, 2025. Instead of cash, this grant compensates the director with equity-based awards that may settle in stock, cash, or a combination, depending on board decisions.
Can the PodcastOne (PODC) director defer settlement of his RSUs?
Yes. He may defer settlement of the RSUs until he no longer serves on the board or for up to five years after the vesting date. This deferral option affects when he actually receives stock or cash from the vested units.
Will Patrick D. Wachsberger receive PodcastOne (PODC) stock or cash for these RSUs?
Each RSU can settle into either one share of common stock or the cash value of that share. PodcastOne’s board decides the form of payout, in cash, stock, or a mix, under the terms of the company’s 2022 Equity Incentive Plan.