RSU grant for Primerica (NYSE: PRI) director Cynthia Day
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DAY CYNTHIA N reported acquisition or exercise transactions in this Form 4 filing.
Primerica director Cynthia N. Day received an equity award of 640 restricted stock units (RSUs) of Primerica common stock, recorded at $281.06 per share. After this grant, her directly held position totals 20,275.323 shares.
Each RSU represents a contingent right to receive one share of Primerica common stock upon vesting. The RSUs vest in four equal 25% installments on August 21, 2026, November 21, 2026, February 21, 2027, and May 19, 2027, reflecting a structured, multi-year compensation award rather than an open-market share purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
DAY CYNTHIA N
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 640 | $281.06 | $180K |
Holdings After Transaction:
Common Stock — 20,275.323 shares (Direct, null)
Footnotes (1)
- Each RSU is granted under the Issuer's 2020 Omnibus Incentive Plan and represents a contingent right to receive one share of PRI common stock. RSUs vest 25% on each of August 21, 2026; November 21, 2026; February 21, 2027; and May 19, 2027.
Key Figures
RSUs granted: 640 RSUs
Grant reference price: $281.06 per share
Shares held after grant: 20,275.323 shares
+4 more
7 metrics
RSUs granted
640 RSUs
Equity award of restricted stock units of common stock
Grant reference price
$281.06 per share
Recorded value per RSU on grant
Shares held after grant
20,275.323 shares
Direct holdings following the RSU award
First vesting date
August 21, 2026
25% of RSUs vest
Second vesting date
November 21, 2026
Additional 25% of RSUs vest
Third vesting date
February 21, 2027
Another 25% of RSUs vest
Final vesting date
May 19, 2027
Remaining 25% of RSUs vest
Key Terms
RSU, 2020 Omnibus Incentive Plan, vest
3 terms
RSU financial
"Each RSU is granted under the Issuer's 2020 Omnibus Incentive Plan and represents a contingent right to receive one share"
Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.
2020 Omnibus Incentive Plan financial
"Each RSU is granted under the Issuer's 2020 Omnibus Incentive Plan and represents a contingent right"
vest financial
"RSUs vest 25% on each of August 21, 2026; November 21, 2026; February 21, 2027; and May 19, 2027"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What did Primerica (PRI) director Cynthia N. Day report on this Form 4?
Director Cynthia N. Day reported receiving a grant of 640 restricted stock units of Primerica common stock. This is a compensation-related equity award, not an open-market share purchase or sale, and increases her directly held position disclosed in the filing.
At what value were Cynthia N. Day’s Primerica (PRI) RSUs granted?
The 640 restricted stock units were recorded at $281.06 per share. This value is typically a grant-date reference price for the award under the company’s incentive plan, rather than a cash purchase price paid by the director.
How do Cynthia N. Day’s Primerica (PRI) RSUs vest over time?
The RSUs vest in four equal 25% tranches. Vesting dates are August 21, 2026, November 21, 2026, February 21, 2027, and May 19, 2027, creating a multi-year schedule that encourages continued service with Primerica.
What does each RSU granted to Cynthia N. Day at Primerica (PRI) represent?
Each RSU represents a contingent right to receive one share of Primerica common stock. Actual shares are delivered only as the units vest under the company’s 2020 Omnibus Incentive Plan, aligning director compensation with long-term shareholder interests.