Porch Group (PRCH) director receives 15,940 RSUs in annual board grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Porch Group director Vengalil Regi received an equity award for board service. On the grant date, Regi acquired 15,940 restricted stock units (RSUs), each representing one share of Porch Group, Inc. common stock upon vesting. The RSUs will vest on the one-year anniversary of the grant date, as long as Regi remains on the board through that date.
After this grant, Regi directly holds 181,843 shares of common stock. Two-thirds of the vested shares from this RSU award will face resale restrictions after vesting, with those restrictions expiring in equal parts on the first and second anniversaries of the vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Vengalil Regi
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 15,940 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 181,843 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 15,940 RSUs
Shares after transaction: 181,843 shares
Grant price per share: $0.0000 per share
+3 more
6 metrics
RSU grant size
15,940 RSUs
Annual equity grant for board service
Shares after transaction
181,843 shares
Total common stock held directly after RSU grant
Grant price per share
$0.0000 per share
RSUs granted at no cash cost to the director
Vesting schedule
1-year cliff vesting
RSUs vest on one-year anniversary of grant date
Resale restriction fraction
Two-thirds of vested shares
Portion subject to post-vesting resale limits
Resale restriction duration
Up to 2 years after vesting
Restrictions expire in equal parts on first and second anniversaries
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. board"
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
"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 Vengalil Regi report in this Form 4?
Vengalil Regi reported receiving 15,940 restricted stock units (RSUs) of Porch Group, Inc. common stock as an annual equity award for board service, subject to vesting and resale restrictions over the next several years.
How many Porch Group (PRCH) RSUs were granted to Vengalil Regi?
Vengalil Regi was granted 15,940 restricted stock units (RSUs). Each RSU represents the right to receive one share of Porch Group, Inc. common stock upon vesting, creating additional equity exposure tied to continued board service.
When do Vengalil Regi’s Porch Group (PRCH) RSUs vest?
The RSUs vest on the one-year anniversary of the grant date. Vesting is contingent on Regi remaining a member of Porch Group, Inc.’s board of directors through that one-year vesting date, aligning compensation with ongoing service.
What resale restrictions apply to Vengalil Regi’s Porch Group (PRCH) RSUs?
Two-thirds of the vested shares from the RSU grant cannot be sold immediately after the one-year vesting date. Those resale restrictions expire in equal increments on the first and second anniversaries of the vesting date, gradually increasing liquidity.