Peloton (PTON) director gains 9,023 shares from RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Peloton Interactive director Angel L. Mendez reported a compensation-related equity transaction. He exercised Restricted Stock Units to acquire 9,023 shares of Class A Common Stock at $0.00 per share, bringing his direct holdings to 133,612 shares.
The underlying RSU award now totals 18,045 units, each representing a right to one future Class A share. According to the filing, the RSUs vest in four equal 25% installments on March 9, 2026, June 9, 2026, September 9, 2026, and the earlier of December 9, 2026 or the 2026 annual shareholder meeting, subject to his continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
9,023 shares exercised/converted
Mixed
2 txns
Insider
MENDEZ ANGEL L
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit (RSU) | 9,023 | $0.00 | -- |
| Exercise | Class A Common Stock | 9,023 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit (RSU) — 18,045 shares (Direct, null);
Class A Common Stock — 133,612 shares (Direct, null)
Footnotes (1)
- Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock. The RSUs vest as to 25% of the total shares quarterly on each of March 9, 2026, June 9, 2026, September 9, 2026, and the earlier of (i) December 9, 2026 and (ii) the 2026 annual meeting of stockholders, subject to the Reporting Person's provision of service to the Issuer on each vesting date.
Key Figures
Shares acquired from RSUs: 9,023 shares
Post-transaction common shares held: 133,612 shares
Remaining RSU balance: 18,045 units
+3 more
6 metrics
Shares acquired from RSUs
9,023 shares
Class A Common Stock delivered on June 9, 2026
Post-transaction common shares held
133,612 shares
Direct holdings after RSU exercise
Remaining RSU balance
18,045 units
Restricted Stock Units outstanding after transaction
RSU exercise price
$0.00 per share
Conversion of RSUs into Class A Common Stock
First RSU vesting date
March 9, 2026
25% of RSUs scheduled to vest
Subsequent RSU vesting dates
June 9, 2026; September 9, 2026
Each date vests additional 25% of RSUs
Key Terms
Restricted Stock Unit ("RSU"), Class A Common Stock, contingent right, vest
4 terms
Restricted Stock Unit ("RSU") financial
"Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share"
Class A Common Stock financial
"Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
contingent right financial
"Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share"
vest financial
"The RSUs vest as to 25% of the total shares quarterly on each of March 9, 2026, June 9, 2026, September 9, 2026"
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
What did Peloton (PTON) director Angel L. Mendez report in this Form 4?
Angel L. Mendez reported exercising Restricted Stock Units to acquire 9,023 shares of Peloton Class A Common Stock. This equity event reflects compensation-related stock delivery rather than an open-market purchase or sale, and it increases his directly held share position.
What are the key details of the RSUs reported by Peloton director Angel L. Mendez?
Each Restricted Stock Unit represents a contingent right to receive one Peloton Class A share. The award covers 18,045 RSUs after this event, with vesting tied to future dates in 2026 and conditioned on Mendez continuing to provide service to the company.
When do Angel L. Mendez’s Peloton RSUs vest according to the filing?
The RSUs vest in four 25% installments: March 9, 2026, June 9, 2026, September 9, 2026, and the earlier of December 9, 2026 or the 2026 annual stockholders’ meeting. Vesting on each date requires Mendez to remain in service.
How many RSUs remain outstanding for Angel L. Mendez after this Peloton transaction?
Following the reported event, 18,045 Restricted Stock Units remain credited to Angel L. Mendez. These RSUs are scheduled to vest in four equal 25% tranches across specified dates in 2026, subject to ongoing service with Peloton.