Primerica (NYSE: PRI) director receives 640 RSUs valued at $281.06 each
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Dheer Sanjeev reported acquisition or exercise transactions in this Form 4 filing.
Primerica director Sanjeev Dheer received an equity award of 640 shares of common stock in the form of restricted stock units (RSUs). The award is valued at $281.06 per share and increases his directly held position to 4,350.5482 shares after the grant.
Each RSU represents a contingent right to receive one share of Primerica common stock under the company’s 2020 Omnibus Incentive Plan. The RSUs vest in four equal 25% installments on August 21, 2026, November 21, 2026, February 21, 2027, and May 19, 2027, aligning compensation with longer-term service.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Dheer Sanjeev
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 640 | $281.06 | $180K |
Holdings After Transaction:
Common Stock — 4,350.548 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 units
Grant value per share: $281.06/share
Shares held after transaction: 4,350.5482 shares
+2 more
5 metrics
RSUs granted
640 units
Restricted stock units of common stock granted to director
Grant value per share
$281.06/share
Reported price per share for the RSU grant
Shares held after transaction
4,350.5482 shares
Director’s direct holdings following the RSU grant
First vesting date
August 21, 2026
25% of RSUs vest
Final vesting date
May 19, 2027
Last 25% of RSUs vest
Key Terms
restricted stock units, 2020 Omnibus Incentive Plan, vest, Form 4
4 terms
restricted stock units financial
"Each RSU represents a contingent right to receive one share of PRI common stock"
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"
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 Sanjeev Dheer report in this Form 4?
Director Sanjeev Dheer reported receiving 640 restricted stock units of Primerica common stock. The units were granted at $281.06 per share and increase his directly held position to 4,350.5482 shares following the award.
At what price were the new Primerica (PRI) RSUs for Sanjeev Dheer valued?
The 640 restricted stock units were valued at $281.06 per share. This price is used for reporting the grant value and reflects the reference share price at the time the RSUs were awarded to the director.
What are the vesting dates for Sanjeev Dheer’s new Primerica (PRI) RSUs?
The RSUs vest in four 25% tranches on August 21, 2026, November 21, 2026, February 21, 2027, and May 19, 2027. Each vesting date releases one-quarter of the grant, subject to the award’s standard conditions.
Under which plan were Sanjeev Dheer’s Primerica (PRI) RSUs granted?
The RSUs were granted under Primerica’s 2020 Omnibus Incentive Plan. This plan authorizes equity-based compensation, and each RSU in this award represents a contingent right to receive one share of Primerica common stock upon vesting.