Parsons (NYSE: PSN) CLO awarded 9,575 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Martinez John Thomas reported acquisition or exercise transactions in this Form 4 filing.
Parsons Corp Chief Legal Officer John Thomas Martinez reported an equity award of 9,575 shares of common stock in the form of restricted stock units. These RSUs were granted at no cash cost and will vest in three equal annual installments beginning on March 10, 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Martinez John Thomas
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 9,575 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 9,575 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Parsons (PSN) report for John Thomas Martinez?
Parsons reported that Chief Legal Officer John Thomas Martinez received an award of 9,575 restricted stock units. Each RSU represents a right to receive one share of common stock, subject to a multi-year vesting schedule beginning in March 2027.
When do the newly granted Parsons (PSN) RSUs vest?
The RSUs granted to Parsons’ Chief Legal Officer vest in three equal annual installments starting March 10, 2027. This means the award is spread over three years, aligning executive compensation with longer-term company performance and stockholder interests.
Did the Parsons (PSN) insider pay cash for the 9,575 RSUs?
No, the Form 4 shows the 9,575 restricted stock units were granted at a price of $0.00 per share. This indicates a compensatory equity award rather than a cash-funded stock purchase in the open market by the reporting officer.
What type of security was reported in the Parsons (PSN) Form 4?
The Form 4 reports an award of restricted stock units tied to Parsons common stock. Each RSU represents a contingent right to receive one common share, subject to the specified vesting schedule, and the units themselves have no stated expiration date.