Primerica (PRI) director receives 640-share RSU award under 2020 incentive plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Addison John A. Jr. reported acquisition or exercise transactions in this Form 4 filing.
Primerica, Inc. director John A. Addison Jr. reported an award of 640 shares of common stock in the form of restricted stock units (RSUs). The grant is valued at $281.06 per share and brings his directly held stake to 16,342.782 shares after the award.
The RSUs were granted under Primerica’s 2020 Omnibus Incentive Plan and represent rights to receive an equal number of Primerica shares over time. They vest in four equal 25% installments on August 21, 2026, November 21, 2026, February 21, 2027, and May 19, 2027, tying director compensation to the company’s long-term performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Addison John A. Jr.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 640 | $281.06 | $180K |
Holdings After Transaction:
Common Stock — 16,342.782 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 award size: 640 shares
Grant price: $281.06 per share
Holdings after grant: 16,342.782 shares
+4 more
7 metrics
RSU award size
640 shares
Restricted stock units granted to director
Grant price
$281.06 per share
Value assigned to RSU award
Holdings after grant
16,342.782 shares
Director’s direct ownership following transaction
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
Remaining 25% of RSUs vest
Key Terms
Restricted Stock Unit (RSU), 2020 Omnibus Incentive Plan, vest, Form 4
4 terms
Restricted Stock Unit (RSU) financial
"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."
A restricted stock unit (RSU) is a promise from a company to give an employee company shares (or cash equal to their value) at a future date if certain conditions are met, such as staying with the company or hitting performance targets. For investors, RSUs matter because when they convert into actual shares they increase the number of shares available and can create selling pressure as employees cash out—think of them as a future paycheck paid in company stock.
2020 Omnibus Incentive Plan financial
"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."
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.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did Primerica (PRI) director John A. Addison Jr. report on this Form 4?
He reported receiving 640 restricted stock units (RSUs) of Primerica common stock as a compensation award. The grant increases his directly held position to 16,342.782 shares following the transaction, aligning his compensation more closely with future company performance.
When do John A. Addison Jr.’s new Primerica (PRI) RSUs vest?
The 640 RSUs vest in four equal 25% installments on August 21, 2026, November 21, 2026, February 21, 2027, and May 19, 2027. This staggered schedule encourages ongoing board service and longer-term alignment with shareholder interests.
What is the total Primerica (PRI) stake held by John A. Addison Jr. after this RSU award?
After the RSU grant, he directly holds 16,342.782 shares of Primerica common stock. This figure reflects his position reported in this Form 4 and provides context for the scale of the 640-share equity award relative to his existing holdings.
Under which plan were the Primerica (PRI) RSUs granted to John A. Addison Jr.?
The RSUs were granted under Primerica’s 2020 Omnibus Incentive Plan. This plan authorizes equity-based compensation such as restricted stock units, designed to link directors’ and executives’ interests with long-term shareholder value through share-based awards.