Priority Technology (NASDAQ: PRTH) director converts 4,296 RSUs, holds 12,971 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Priority Technology Holdings director Clayton James Main exercised restricted stock units into common shares. On April 1, 2026, 4,296 restricted stock units converted into 4,296 shares of common stock at no exercise price, increasing his direct holdings to 12,971 shares. These units are part of a February 5, 2026 grant of 17,182 restricted stock units that vest in four 25% installments on April 1, 2026, July 1, 2026, October 1, 2026, and January 1, 2027, contingent on his continued board service.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,296 shares exercised/converted
Mixed
2 txns
Insider
Main Clayton James
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 4,296 | $0.00 | -- |
| Exercise | Common Stock | 4,296 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit — 12,886 shares (Direct);
Common Stock — 12,971 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 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 exercised: 4,296 units
Shares after transaction: 12,971 shares
RSU grant size: 17,182 units
+3 more
6 metrics
RSUs exercised
4,296 units
Converted into 4,296 common shares on April 1, 2026
Shares after transaction
12,971 shares
Direct common stock holdings following April 1, 2026 settlement
RSU grant size
17,182 units
Granted on February 5, 2026 as director equity award
Vesting structure
4 tranches of 25%
Vests on April 1, July 1, October 1, 2026 and January 1, 2027
Exercise price
$0.00 per share
RSU conversion into common stock on April 1, 2026
Exercise events
1 derivative exercise
Aggregated in transaction summary for this Form 4
Key Terms
Restricted Stock Unit, derivative security, vesting, contingent right
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_description: 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.
vesting financial
"which vest 25% on April 1, 2026, 25% on July 1, 2026"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
contingent right financial
"represents a contingent right to receive one share of the Issuer's common stock"
FAQ
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 Holdings common stock. The transaction occurred on April 1, 2026 at a zero exercise price as part of his equity compensation package tied to continued board service.
What restricted stock unit grant did PRTH award to Clayton James Main?
On February 5, 2026, Priority Technology Holdings granted Clayton James Main 17,182 restricted stock units. These units represent a contingent right to receive one common share each, subject to a scheduled vesting timetable and his continued service as a director on the company’s board.
What is the vesting schedule for Clayton James Main’s PRTH restricted stock units?
The 17,182 restricted stock units vest in four equal 25% installments. Vesting dates are April 1, 2026, July 1, 2026, October 1, 2026, and January 1, 2027, and each tranche requires Clayton James Main’s continued service as a director with Priority Technology Holdings.
How many derivative exercises did PRTH’s Form 4 for Clayton James Main show?
The Form 4 shows one derivative exercise event involving 4,296 restricted stock units. These units were converted into 4,296 shares of common stock on April 1, 2026, increasing Clayton James Main’s direct holdings while not indicating any concurrent sale or tax-withholding disposition.