Porch Group (PRCH) director receives 15,940 RSUs in annual equity grant
Rhea-AI Filing Summary
Pickerill Alan R reported acquisition or exercise transactions in this Form 4 filing.
Porch Group, Inc. director Alan R. Pickerill received an equity grant in the form of restricted stock units for his service on the company’s board. He was awarded 15,940 RSUs, with no cash paid per unit, each representing one share of common stock when vested.
The RSUs vest on the one-year anniversary of the grant date, as long as he remains a board member through that date. After vesting, two-thirds of the shares are subject to resale restrictions that lapse in equal parts on the first and second anniversaries of the vesting date. Following this grant, Pickerill holds 198,356 common shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 15,940 shares
Net Buy
1 txn
Insider
Pickerill Alan R
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 15,940 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 198,356 shares (Direct)
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
RSUs granted: 15,940 units
Grant price: $0.0000 per share
Shares after transaction: 198,356 shares
+2 more
5 metrics
RSUs granted
15,940 units
Annual restricted stock unit grant for board service
Grant price
$0.0000 per share
Compensation grant, not open-market purchase
Shares after transaction
198,356 shares
Total Porch Group common stock held directly after grant
Resale restriction portion
Two-thirds of vested shares
Subject to resale restrictions after Annual Grant Vesting Date
Vesting schedule
One-year from grant date
RSUs vest on one-year anniversary of grant date
Key Terms
restricted stock units ("RSUs"), Non-Employee Director Compensation Policy, Annual Grant Vesting Date, resale restrictions, +1 more
5 terms
restricted stock units ("RSUs") financial
"Represents an annual grant of restricted stock units ("RSUs") for service on the Porch Group, Inc. board of directors"
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. 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 may not be sold"
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.
board of directors financial
"annual grant of restricted stock units ("RSUs") for service on the Porch Group, Inc. board of directors"
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
FAQ
What did Porch Group (PRCH) director Alan R. Pickerill receive in this Form 4?
Alan R. Pickerill received an annual grant of 15,940 restricted stock units for his service on Porch Group’s board. Each RSU converts into one common share upon vesting, providing additional equity-based compensation instead of cash.
How do the 15,940 RSUs granted to Porch Group (PRCH) director vest?
The 15,940 RSUs vest on the one-year anniversary of the grant date, provided Alan R. Pickerill continues serving on the Porch Group board. Once vested, the RSUs convert into an equal number of common shares of Porch Group.
Are there resale restrictions on the Porch Group (PRCH) RSUs granted to the director?
Yes. After vesting, two-thirds of the vested shares cannot be sold immediately. These resale restrictions expire in equal increments on the first and second anniversaries of the Annual Grant Vesting Date, spreading the director’s ability to sell over time.
Was the Porch Group (PRCH) RSU grant to the director an open-market purchase?
No. The 15,940 RSUs represent a compensation grant, not an open-market share purchase. The transaction code is “A,” indicating a grant or award, and the price per share is listed as zero in the filing.
AI-generated analysis. How Rhea-AI works. Not financial advice.
