Porch Group director receives 15,940 RSU award
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.
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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.
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
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What did Porch Group (PRCH) director Sean Davis report in this Form 4?
How many Porch Group (PRCH) RSUs were granted to Sean Davis?
When do Sean Davis’s new Porch Group (PRCH) RSUs vest?
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