PVH (PVH) board member receives 2,336 restricted stock units award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CHEEKS GEORGE reported acquisition or exercise transactions in this Form 4 filing.
PVH Corp. director George Cheeks received an award of 2,336 shares of common stock in the form of restricted stock units at no cash cost. The award vests in full on the earlier of the first anniversary of the grant or the company’s next annual meeting of stockholders. Following this grant, Cheeks directly holds 13,490 shares of PVH common stock, including the 2,336 shares subject to restricted stock unit awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
CHEEKS GEORGE
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, $1 par value | 2,336 | $0.00 | -- |
Holdings After Transaction:
Common Stock, $1 par value — 13,490 shares (Direct, null)
Footnotes (1)
- Represents shares subject to an award of restricted stock units. The award vests in full on the earlier of the first anniversary of the grant and the date of the Issuer's next annual meeting of stockholders. Includes 2,336 shares of Common Stock subject to awards of restricted stock units.
FAQ
What insider transaction did PVH (PVH) report for George Cheeks?
PVH reported that director George Cheeks received an award of 2,336 restricted stock units of common stock. The grant was recorded at a price of $0.00 per share, reflecting a compensation-related stock award rather than an open-market purchase.
When do George Cheeks’ new PVH restricted stock units vest?
The 2,336 restricted stock units granted to George Cheeks vest in full on the earlier of the first anniversary of the grant date or the date of PVH’s next annual meeting of stockholders, linking vesting to either time passage or the company’s governance calendar.
Was the PVH (PVH) grant to George Cheeks an open-market stock purchase?
No. The transaction is coded as a grant or award acquisition, not an open-market purchase. The reported price per share is $0.00, indicating compensation-related restricted stock units rather than shares bought on the open market.
How is the restricted stock unit award to George Cheeks classified in the filing?
The award is classified with transaction code “A” for a grant, award, or other acquisition of non-derivative common stock. It is further described as restricted stock units that convert into common shares upon vesting, with Cheeks holding them directly.