Porch Group (PRCH) awards 15,940 RSUs to board director
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Velasquez Camilla
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 15,940 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 219,291 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSUs granted: 15,940 RSUs
Total holdings after grant: 219,291 shares
Grant price per share: $0.00 per share
3 metrics
RSUs granted
15,940 RSUs
Annual equity grant for board service
Total holdings after grant
219,291 shares
Common stock directly owned after transaction
Grant price per share
$0.00 per share
Non-cash RSU award with no purchase price
Key Terms
restricted stock units ("RSUs"), Non-Employee Director Compensation Policy, Annual Grant Vesting Date, resale restrictions
4 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
"for service on the Porch Group, Inc. (the "Company") board of directors under the Company's Non-Employee Director Compensation Policy."
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"),"
resale restrictions financial
"The shares underlying the RSUs shall have resale restrictions pursuant to which two-thirds of the vested shares"
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.
FAQ
What did Porch Group (PRCH) director Camilla Velasquez report on this Form 4?
Camilla Velasquez reported receiving 15,940 restricted stock units (RSUs) of Porch Group common stock as an annual equity grant for serving on the board. This non-cash award increases her direct holdings to 219,291 shares after the transaction, according to the Form 4 filing details.
How many Porch Group (PRCH) RSUs were granted to the director?
The director received 15,940 restricted stock units (RSUs) of Porch Group common stock. Each RSU represents the right to receive one share, subject to vesting. This award is part of the company’s Non-Employee Director Compensation Policy for board service.
When do the Porch Group (PRCH) RSUs granted to the director vest?
The RSUs vest on the one-year anniversary of the grant date, called the Annual Grant Vesting Date. Vesting is contingent on the director remaining a member of Porch Group’s board through that date, as described in the Form 4 footnote.
Are there resale restrictions on the Porch Group (PRCH) RSUs after vesting?
Yes. Two-thirds of the vested shares underlying the RSUs cannot be sold immediately after the Annual Grant Vesting Date. Those resale restrictions expire in equal increments on the first and second anniversaries of that vesting date, gradually freeing the shares for potential sale.