PVH (PVH) brand president receives 10,516 restricted stock units in equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Goldman Lea Rytz reported acquisition or exercise transactions in this Form 4 filing.
PVH Corp. reported that Global Brand President, TH, Lea Rytz Goldman received an award of 10,516 restricted stock units of common stock at no purchase price. Each unit represents a contingent right to one share. The units vest in four equal installments of 2,629 shares on each anniversary of the grant, with shares delivered after vesting. Following this award, she directly holds 28,802 shares, including 27,939 shares subject to unvested restricted stock unit awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Goldman Lea Rytz
Role
Global Brand President, TH
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, $1 par value | 10,516 | $0.00 | -- |
Holdings After Transaction:
Common Stock, $1 par value — 28,802 shares (Direct)
Footnotes (1)
- Represents shares subject to an award of restricted stock units. Each unit represents a contingent right to receive one share of Issuer's Common Stock. The units vest 25% (2,629 shares) on each anniversary of grant. Vested shares are delivered as soon as practicable after they vest. Includes 27,939 shares of Common Stock subject to unvested awards of restricted stock units.
Key Figures
RSUs granted: 10,516 units
Annual vesting tranche: 2,629 shares
Shares after transaction: 28,802 shares
+1 more
4 metrics
RSUs granted
10,516 units
Restricted stock units awarded to Lea Rytz Goldman
Annual vesting tranche
2,629 shares
Each of four annual vesting installments
Shares after transaction
28,802 shares
Total direct holdings following the grant
Unvested RSU shares
27,939 shares
Common stock subject to unvested RSU awards
Key Terms
restricted stock units, contingent right, vest, unvested awards
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.
contingent right financial
"Each unit represents a contingent right to receive one share"
vest financial
"The units vest 25% (2,629 shares) on each anniversary of grant."
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.
unvested awards financial
"Includes 27,939 shares of Common Stock subject to unvested awards"
FAQ
What insider transaction did PVH (PVH) report for Lea Rytz Goldman?
PVH reported that Global Brand President, TH, Lea Rytz Goldman received a grant of 10,516 restricted stock units. These are equity-based compensation awards that convert into common shares over time as they vest, aligning her interests with company performance.
How do Lea Rytz Goldman’s new PVH (PVH) restricted stock units vest?
The 10,516 restricted stock units vest in four equal installments of 2,629 shares on each anniversary of the grant. After each vesting date, the corresponding shares are delivered as soon as practicable, turning the units into freely owned common stock.
Does Lea Rytz Goldman pay for the PVH (PVH) restricted stock units she received?
No, the filing shows the 10,516 restricted stock units were granted at a price of $0.00 per unit. This indicates they are compensation awards, not open-market purchases, and represent a contingent right to receive common shares upon vesting.
What does each PVH (PVH) restricted stock unit granted to Lea Rytz Goldman represent?
Each restricted stock unit represents a contingent right to receive one share of PVH common stock. The units do not become actual shares until they vest, at which point the vested shares are delivered to the executive as part of her compensation.