Primerica (NYSE: PRI) director granted RSUs tied to 640 common shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Babbit Joel M. reported acquisition or exercise transactions in this Form 4 filing.
Primerica director Joel M. Babbit reported receiving an equity award tied to 640 shares of Primerica common stock, valued at $281.06 per share. The award consists of restricted stock units (RSUs) granted under the company’s 2020 Omnibus Incentive Plan, each representing a contingent right to one share of common stock. After this grant, Babbit holds 9,107.5137 common shares directly. The RSUs vest in four equal 25% installments on August 21, 2026, November 21, 2026, February 21, 2027, and May 19, 2027, meaning shares will be delivered over this schedule as vesting conditions are met.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Babbit Joel M.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 640 | $281.06 | $180K |
Holdings After Transaction:
Common Stock — 9,107.514 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
RSU units granted: 640 units
Grant reference price: $281.06 per share
Shares held after transaction: 9,107.5137 shares
+4 more
7 metrics
RSU units granted
640 units
Restricted stock units linked to common shares
Grant reference price
$281.06 per share
Value used for the RSU equity award
Shares held after transaction
9,107.5137 shares
Direct common stock ownership following grant
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
Additional 25% of RSUs vest
Final vesting date
May 19, 2027
Final 25% of RSUs vest
Key Terms
restricted stock units, 2020 Omnibus Incentive Plan, contingent right, vest
4 terms
restricted stock units 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 are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2020 Omnibus Incentive Plan financial
"Each RSU is granted under the Issuer's 2020 Omnibus Incentive Plan and represents a contingent right"
contingent right financial
"represents a contingent right to receive one share of PRI common stock"
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 Joel M. Babbit report in this Form 4?
Joel M. Babbit reported an equity grant tied to 640 shares of Primerica common stock. The award is in the form of restricted stock units (RSUs) granted under Primerica’s 2020 Omnibus Incentive Plan, representing a contingent right to receive shares over time.
What is the vesting schedule for Joel Babbit’s RSUs from Primerica (PRI)?
The RSUs vest in four equal 25% installments on August 21, 2026, November 21, 2026, February 21, 2027, and May 19, 2027. On each vesting date, a portion of the units converts into shares of Primerica common stock for Babbit.
Under which plan were Joel Babbit’s RSUs granted at Primerica (PRI)?
The RSUs were granted under Primerica’s 2020 Omnibus Incentive Plan. This plan is used by the company to provide equity-based compensation, such as restricted stock units, to directors, executives, and other eligible participants as part of their long-term incentives.