Porch Group (PRCH) director Amanda Reierson receives 15,940 RSU board grant
Rhea-AI Filing Summary
Porch Group, Inc. director Amanda L. Reierson received an equity grant of 15,940 restricted stock units (RSUs) of common stock for her service on the company’s board. The grant is part of Porch Group’s Non-Employee Director Compensation Policy and carries no cash exercise price.
Each RSU converts into one share of Porch Group common stock when it vests. The RSUs vest on the one-year anniversary of the grant date, as long as Reierson remains a member of the board through that date. Following this award, she directly holds 167,315 shares of common stock.
The grant also includes resale restrictions. After vesting, two-thirds of the vested shares cannot be sold immediately on the vesting date; those resale limits then expire in equal installments on the first and second anniversaries of the vesting date, gradually increasing the portion of shares that may be sold over time.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 15,940 shares
Net Buy
1 txn
Insider
Reierson Amanda L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 15,940 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 167,315 shares (Direct)
Footnotes (1)
- F1. Represents an annual grant of restricted stock units ("RSUs") for service on the Porch Group, Inc. (the "Company") board of directors under the Company's Non-Employee Director Compensation Policy. Each RSU represents a right to receive one share of Company common stock upon vesting. The shares underlying the RSUs will vest on the one-year anniversary of the grant date ("Annual Grant Vesting Date"), subject to the reporting person remaining a member of the Company's board of directors through the Annual Grant Vesting Date. The shares underlying the RSUs shall have resale restrictions pursuant to which two-thirds of the vested shares underlying the RSUs may not be sold after the Annual Grant Vesting Date. The resale restrictions expire in equal increments on the first and second anniversaries of the Annual Grant Vesting Date.
Key Figures
RSUs granted: 15,940 RSUs
Price per RSU: $0.0000 per unit
Shares owned after grant: 167,315 shares
+2 more
5 metrics
RSUs granted
15,940 RSUs
Annual grant for board service
Price per RSU
$0.0000 per unit
Equity compensation, not market purchase
Shares owned after grant
167,315 shares
Total direct common stock holdings post-transaction
Vesting schedule
1-year cliff vesting
RSUs vest on one-year anniversary of grant date
Resale restrictions
Two-thirds restricted post-vesting
Restrictions expire in equal parts on first and second anniversaries
Key Terms
restricted stock units ("RSUs"), Non-Employee Director Compensation Policy, vest, resale restrictions, +1 more
5 terms
restricted stock units ("RSUs") financial
"Represents an annual grant of restricted stock units ("RSUs") for service on the Porch Group, Inc."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Non-Employee Director Compensation Policy financial
"board of directors under the Company's Non-Employee Director Compensation Policy."
vest financial
"The shares underlying the RSUs will vest on the one-year anniversary of the grant date"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
resale restrictions financial
"The shares underlying the RSUs shall have resale restrictions pursuant to which two-thirds"
Resale restrictions are rules that limit when, how, or to whom a buyer can sell securities or other assets they acquire, like a short lock on a new purchase or a requirement to sell only through certain channels. For investors, these limits affect liquidity and timing — they can delay cashing out, reduce potential buyers, or change the asset’s market value, much like a house with a covenant that restricts future sales.
Annual Grant Vesting Date financial
"The shares underlying the RSUs will vest on the one-year anniversary of the grant date ("Annual Grant Vesting Date")"
FAQ
What did Porch Group (PRCH) director Amanda Reierson report on this Form 4?
Amanda L. Reierson reported receiving 15,940 restricted stock units of Porch Group common stock as an annual board grant. These RSUs are part of the company’s Non-Employee Director Compensation Policy and will convert into common shares when they vest after one year.
When do Amanda Reierson’s new Porch Group (PRCH) RSUs vest?
The 15,940 RSUs granted to Amanda L. Reierson vest on the one-year anniversary of the grant date. Vesting is conditioned on her continuing to serve on Porch Group’s board of directors through that one-year vesting date specified in the award terms.
Are there resale restrictions on Amanda Reierson’s Porch Group (PRCH) RSUs?
Yes. After vesting, two-thirds of the vested shares underlying the RSUs cannot be sold immediately. These resale restrictions then expire in equal increments on the first and second anniversaries of the vesting date, gradually freeing more shares for potential resale over time.
What does it mean that Amanda Reierson’s Porch Group (PRCH) RSUs have a price of $0.0000?
The reported price of $0.0000 indicates the RSUs were granted as equity compensation, not purchased in the market. Each RSU represents a right to receive one share of Porch Group common stock upon vesting, without any additional cash payment at exercise.
AI-generated analysis. How Rhea-AI works. Not financial advice.
