Director at Priority Technology (PRTH) granted 17,182 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Priority Technology Holdings, Inc. director Michael Passilla received an equity award of 17,182 restricted stock units on February 5, 2026. Each unit represents a right to receive one share of common stock.
The award vests in four equal 25% installments on April 1, 2026, July 1, 2026, October 1, 2026, and January 1, 2027, contingent on his continued service as a director. Following this grant, he holds 17,182 restricted stock units directly, 131,200 common shares directly, and 76,052 common shares indirectly through Posillipo Ventures, Inc., a limited liability company of which he is a managing member.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Passilla Michael
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 17,182 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 17,182 shares (Direct);
Common Stock — 131,200 shares (Direct);
Common Stock — 76,052 shares (Indirect, see footnote)
Footnotes (1)
- Shares acquired by Posillipo Ventures, Inc., a limited liability company of which the reporting person is a managing member. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock. On February 5, 2026, the Reporting Person was granted 17,182 restricted stock units which vest 25% on April 1, 2026, 25% on July 1, 2026, 25% on October 1, 2026, and 25% on January 1, 2027 subject to the Reporting Person's continued service as a director of the Issuer.
FAQ
What insider transaction did PRTH director Michael Passilla report?
Michael Passilla reported receiving 17,182 restricted stock units of Priority Technology Holdings on February 5, 2026. These units are a form of equity compensation that convert into common shares over time, aligning his interests with shareholders through future stock ownership as they vest.
How do the new restricted stock units for PRTH vest?
The 17,182 restricted stock units vest in four equal installments. Vesting occurs 25% on April 1, 2026, 25% on July 1, 2026, 25% on October 1, 2026, and 25% on January 1, 2027, conditioned on Michael Passilla’s continued service as a director.
What does each PRTH restricted stock unit represent in this grant?
Each restricted stock unit represents a right to one PRTH common share. Once the vesting conditions are met, each unit converts into a share of Priority Technology Holdings common stock, giving the director actual share ownership instead of just a contingent equity claim.
What role does Michael Passilla hold at Priority Technology Holdings (PRTH)?
Michael Passilla is identified as a director of Priority Technology Holdings. The Form 4 indicates the relationship as “Director,” and the reported equity grant and holdings relate to his service on the company’s board rather than to an executive officer position.