Porch Group director receives RSU equity grant
Porch Group, Inc. director Camilla Velasquez received an equity compensation grant of 15,940 restricted stock units (RSUs) for service on the company’s board.
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Rhea-AI Filing Summary
Porch Group, Inc. director Camilla Velasquez received an equity compensation grant of 15,940 restricted stock units (RSUs) for service on the company’s board. The grant was made at no cash purchase price and increases her direct holdings to 219,291 shares of common stock.
Each RSU converts into one share of common stock on the one-year anniversary of the grant date, as long as she remains a board member through that date. After vesting, two-thirds of the vested shares are subject to resale restrictions that expire in equal portions on the first and second anniversaries of the initial vesting date.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 15,940 | $0.00 | $0.00 |
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
Key Terms
restricted stock units ("RSUs") financial
Non-Employee Director Compensation Policy financial
Annual Grant Vesting Date financial
resale restrictions financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Porch Group (PRCH) director Camilla Velasquez report on this Form 4?
How many Porch Group (PRCH) RSUs were granted to the director?
When do the Porch Group (PRCH) RSUs granted to the director vest?
Are there resale restrictions on the Porch Group (PRCH) RSUs after vesting?
AI-generated analysis. How Rhea-AI works. Not financial advice.