Quantum (QMCO) CFO awarded 25,000 restricted stock units in Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
White William Hillis reported acquisition or exercise transactions in this Form 4 filing.
Quantum Corp. reported an insider equity award to its Chief Financial Officer, William Hillis White. He received a grant of 25,000 restricted stock units, each representing one share of Quantum common stock. These RSUs vest in three equal annual installments starting on March 2, 2027, contingent on his continued service with the company through each vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
White William Hillis
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 25,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 25,000 shares (Direct)
Footnotes (1)
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FAQ
What did Quantum Corp. (QMCO) disclose in this Form 4 filing?
Quantum Corp. disclosed that its Chief Financial Officer, William Hillis White, received a grant of 25,000 restricted stock units. Each unit represents one share of common stock and is part of his equity compensation, subject to a multi-year vesting schedule tied to continued service.
What is the vesting schedule for the Quantum (QMCO) CFO’s 25,000 RSUs?
The 25,000 restricted stock units vest in three equal annual installments beginning on March 2, 2027. Each year, one-third of the grant becomes eligible to settle into shares, provided the Chief Financial Officer remains in service through each vesting date.
What conditions apply to the Quantum (QMCO) CFO’s RSU award?
The RSU award is contingent on the CFO’s continued service. The footnote states that vesting occurs in three equal annual installments starting March 2, 2027, and each installment requires that the reporting person remain in service through the applicable vesting date.