Priority Technology Holdings (PRTH) CAO reports RSU conversion into 67,645 shares
Rhea-AI Filing Summary
Priority Technology Holdings, Inc. Chief Accounting Officer Rajiv Kumar reported the vesting and conversion of restricted stock units into common shares on January 5, 2026. Three blocks of restricted stock units were converted at an exercise price of $0 per unit, delivering 12,500, 8,333, and 12,500 shares of common stock, respectively. Each restricted stock unit represents a right to receive one share of common stock.
These units relate to prior equity awards granted in 2022 and 2024, which vest over multiple years based on continued employment. After the reported transactions, Kumar directly owned 67,645 shares of Priority Technology Holdings common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 12,500 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 8,333 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 12,500 | $0.00 | -- |
| Exercise | Common Stock | 12,500 | $0.00 | -- |
| Exercise | Common Stock | 8,333 | $0.00 | -- |
| Exercise | Common Stock | 12,500 | $0.00 | -- |
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock. On January 5, 2022, the Reporting Person was granted 50,000 restricted stock units. 50,000 vest subject to the Reporting Person's continued service as an employee of the Issuer as follows: 12,500 on January 5, 2023; 12,500 on January 5, 2024;12,500 on January 5, 2025; and 12,500 on January 5, 2026. On January 5, 2022, the Reporting Person was granted 25,000 restricted stock units. 25,000 vest subject to the Reporting Person's continued service as an employee of the Issuer as follows: 8,334 on January 5, 2024; 8,333 on January 5, 2025; and 8,333 on January 5, 2026. On January 5, 2024, the Reporting Person was granted 50,000 restricted stock units. 50,000 vest subject to the Reporting Person's continued service as an employee of the Issuer as follows: 12,500 on January 5, 2025; 12,500 on January 5, 2026; 12,500 on January 5, 2027; and 12,500 on January 5, 2028.
FAQ
What insider activity did PRTH disclose in this Form 4?
The filing reports that Chief Accounting Officer Rajiv Kumar had restricted stock units convert into shares of Priority Technology Holdings, Inc. common stock on January 5, 2026, with no cash exercise price.
How many PRTH restricted stock units vested and converted on January 5, 2026?
On January 5, 2026, 12,500, 8,333, and 12,500 restricted stock units converted into the same number of Priority Technology Holdings common shares, all at an exercise price of $0 per unit.
What do the PRTH restricted stock unit footnotes explain?
The footnotes state that each restricted stock unit represents a right to receive one share of common stock and describe grants of 50,000, 25,000, and 50,000 units made in 2022 and 2024, which vest over several years based on continued service.
What role does Rajiv Kumar hold at Priority Technology Holdings (PRTH)?
According to the filing, Rajiv Kumar is an officer of Priority Technology Holdings, Inc. and serves as the company’s Chief Accounting Officer.