Priority Technology (PRTH) CAO awarded 12,887 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Priority Technology Holdings reported that Chief Accounting Officer Rajiv Kumar received a grant of 12,887 restricted stock units on February 5, 2026. Each unit represents the right to receive one share of common stock. The award vests in three annual installments through 2029, tied to his continued employment. After this grant, he directly holds 46,074 shares of common stock and 12,887 restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Kumar Rajiv
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 12,887 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 12,887 shares (Direct);
Common Stock — 46,074 shares (Direct)
Footnotes (1)
- 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 12,887 restricted stock units which vest as follows: [4,296 on February 5, 2027, 4,296 on February 5, 2028, and 4,295 on February 5, 2029] subject to the Reporting Person's continued employment with the Issuer.
FAQ
What insider transaction did Priority Technology (PRTH) disclose for Rajiv Kumar?
Priority Technology disclosed that Chief Accounting Officer Rajiv Kumar received 12,887 restricted stock units 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.
How many restricted stock units were granted to the PRTH Chief Accounting Officer?
Rajiv Kumar was granted 12,887 restricted stock units as part of his compensation. Each unit represents a contingent right to receive one share of Priority Technology’s common stock, providing potential future equity based on continued employment and the vesting schedule set in the award.
What is the vesting schedule for Rajiv Kumar’s 12,887 PRTH restricted stock units?
The 12,887 restricted stock units vest in three annual tranches: 4,296 units on February 5, 2027, 4,296 units on February 5, 2028, and 4,295 units on February 5, 2029. Vesting requires Rajiv Kumar to remain employed with Priority Technology.
What role does Rajiv Kumar hold at Priority Technology (PRTH)?
Rajiv Kumar serves as Chief Accounting Officer at Priority Technology Holdings. His position involves overseeing accounting and financial reporting functions. The reported restricted stock unit grant reflects part of his compensation structure, designed to encourage long-term alignment with the company’s performance and shareholder value.
Was there a purchase price for Rajiv Kumar’s PRTH restricted stock units?
The restricted stock units were granted at a price of $0 per unit, meaning Rajiv Kumar did not pay cash to acquire them. Instead, they are awarded as equity compensation and may convert into common shares over time as the vesting conditions are satisfied.