RSU grant lifts Porch Group (PRCH) director Sean Davis to 313,647 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Porch Group, Inc. director Sean Davis received an equity grant of 15,940 restricted stock units (RSUs) as compensation for serving on the company’s board. Each RSU converts into one share of common stock after it vests on the one-year anniversary of the grant date, assuming he remains a director through that date.
Following this award, Davis directly holds 313,647 shares of Porch Group common stock. Two-thirds of the vested shares from this RSU grant will be subject to 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
Kell Sean Davis
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 15,940 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 313,647 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 15,940 RSUs
Shares after transaction: 313,647 shares
Vesting period: 1 year
+1 more
4 metrics
RSU grant size
15,940 RSUs
Annual equity grant for board service
Shares after transaction
313,647 shares
Direct common stock holdings post-grant
Vesting period
1 year
RSUs vest on one-year anniversary of grant date
Resale restriction portion
Two-thirds of vested shares
Subject to post-vesting resale restrictions
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
"under the Company's Non-Employee Director Compensation Policy."
Annual Grant Vesting Date financial
"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"
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 Sean Davis report in this Form 4?
Sean Davis reported receiving 15,940 restricted stock units as board compensation. These RSUs convert into common shares after vesting, increasing his direct Porch Group holdings to 313,647 shares, according to the filing’s post-transaction ownership disclosure.
How many Porch Group (PRCH) RSUs were granted to Sean Davis?
Sean Davis received a grant of 15,940 restricted stock units. Each RSU represents the right to receive one share of Porch Group common stock once vesting conditions are met under the company’s Non-Employee Director Compensation Policy.
When do Sean Davis’s new Porch Group (PRCH) RSUs vest?
The RSUs vest on the one-year anniversary of the grant date. Vesting is conditional on Sean Davis continuing to serve as a member of Porch Group’s board of directors through that one-year vesting date, as described in the footnote.