Priority Technology director exercises 4,296 RSUs
Priority Technology Holdings, Inc. director Clayton James Main exercised restricted stock units into common stock on July 1, 2026.
Rhea-AI Filing Summary
Priority Technology Holdings, Inc. director Clayton James Main exercised restricted stock units into common stock on July 1, 2026. He converted 4,296 restricted stock units into 4,296 common shares at no cash exercise price, increasing his directly held common stock to 17,267 shares and reducing his restricted stock unit balance to 8,590. These units are part of a 17,182-unit grant awarded on February 5, 2026 that vests in four 25% installments through January 1, 2027, subject to his continued service as a director.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,296 shares exercised/converted
Exercise
2 txns
Insider
Main Clayton James
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit F1, F2 | 4,296 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 4,296 | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 8,590 contracts (Direct);
Common Stock — 17,267 shares (Direct)
Footnotes (2)
- F1. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
- F2. 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.
Key Figures
RSUs converted to common stock: 4,296 shares
Common stock holdings after transaction: 17,267 shares
Restricted stock units remaining: 8,590 units
+2 more
5 metrics
RSUs converted to common stock
4,296 shares
Restricted stock units converted into common shares on July 1, 2026
Common stock holdings after transaction
17,267 shares
Direct Priority Technology common shares held by Clayton James Main following the conversion
Restricted stock units remaining
8,590 units
Restricted stock units outstanding after 4,296 units were converted to common stock
Equity grant size
17,182 restricted stock units
RSUs granted on February 5, 2026, vesting in four 25% installments
Vesting installments
4 x 25%
Grant vests 25% on April 1, July 1, October 1, 2026 and January 1, 2027
Key Terms
Restricted Stock Unit, derivative security, contingent right, vest
4 terms
Restricted Stock Unit financial
"Each restricted stock unit represents a contingent right to receive one share"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
derivative security financial
"Transaction code M is described as exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
contingent right financial
"represents a contingent right to receive one share of the issuer's common stock"
vest financial
"restricted stock units which vest 25% on April 1, 2026 and later dates"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did PRTH director Clayton James Main report?
Clayton James Main reported exercising 4,296 restricted stock units into 4,296 shares of Priority Technology common stock on July 1, 2026. This increased his direct common stock holdings and reduced his outstanding restricted stock units from a prior equity award.
How many restricted stock units remain outstanding for PRTH director Clayton James Main?
Following the July 1, 2026 conversion, Clayton James Main has 8,590 restricted stock units outstanding. These units continue to represent contingent rights to receive an equal number of Priority Technology common shares as they vest over the remaining schedule.
What is the vesting schedule for the 17,182 restricted stock units at PRTH?
The 17,182 restricted stock units granted on February 5, 2026 vest in four equal 25% installments. Vesting dates are April 1, 2026, July 1, 2026, October 1, 2026, and January 1, 2027, contingent on Clayton James Main’s continued service as a director.
How does the RSU-to-stock conversion affect PRTH director Clayton James Main’s equity mix?
The conversion shifts 4,296 units from deferred restricted stock units into the same number of common shares. As a result, Main’s direct stock ownership rises to 17,267 shares, while his remaining unvested or unsettled restricted stock units decline to 8,590.
Were Clayton James Main’s PRTH transactions tied to a Rule 10b5-1 trading plan?
The report’s Rule 10b5-1 checkbox is not marked as an affirmatively adopted trading plan. The transactions are described as an exercise or conversion of derivative securities rather than discretionary open-market purchases or sales under a preset trading program.
AI-generated analysis. How Rhea-AI works. Not financial advice.
