PVH Corp. (PVH) director receives grant of 2,336 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Andersen Jesper reported acquisition or exercise transactions in this Form 4 filing.
PVH Corp. director Jesper Andersen received an equity award of 2,336 shares of Common Stock in the form of restricted stock units. The award was granted at no cash cost and will vest in full on the earlier of the first anniversary of the grant or PVH’s next annual meeting of stockholders. Following this grant, Andersen directly holds 5,848 PVH shares, 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
Andersen Jesper
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 — 5,848 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.
Key Figures
Restricted stock unit grant: 2,336 shares
Transaction price per share: $0.0000 per share
Shares held after transaction: 5,848 shares
+1 more
4 metrics
Restricted stock unit grant
2,336 shares
Award of restricted stock units on Common Stock
Transaction price per share
$0.0000 per share
Grant, award, or other acquisition (code A)
Shares held after transaction
5,848 shares
Total direct holdings following the award
RSUs included in holdings
2,336 shares
Common Stock subject to restricted stock unit awards
Key Terms
restricted stock units, annual meeting of stockholders, Common Stock, $1 par value, Grant, award, or other acquisition
4 terms
restricted stock units financial
"Represents shares subject to an award of restricted stock units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
annual meeting of stockholders financial
"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."
Common Stock, $1 par value financial
"security_title: Common Stock, $1 par value"
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What insider transaction did PVH (PVH) director Jesper Andersen report?
Jesper Andersen reported receiving an equity award of 2,336 shares of PVH Common Stock in the form of restricted stock units. The award was granted at no cash cost as part of his director compensation and increased his direct holdings to 5,848 shares.
When do Jesper Andersen’s new PVH restricted stock units vest?
The restricted stock units vest in full on the earlier of the first anniversary of the grant date and the date of PVH’s next annual meeting of stockholders. Once vested, the units convert into shares of Common Stock for Andersen, subject to plan terms.
Was Jesper Andersen’s PVH transaction an open-market stock purchase or sale?
The Form 4 classifies the transaction with code “A” for a grant, award, or other acquisition, and shows a price of $0.0000 per share. This indicates a compensatory equity grant, not an open-market purchase or sale on a stock exchange.