Quantinuum (QNT) CEO Rajeeb Hazra granted 1.04M RSUs and stock options
Rhea-AI Filing Summary
Quantinuum Inc. director and President & CEO Rajeeb Hazra reported a series of equity compensation awards and related tax withholding in Class A Common Stock. He received 1,042,561 restricted stock units, each representing a right to one share of Class A Common Stock, which will vest in four equal annual installments beginning on June 5, 2027. He was also granted 122,791 stock options with a $60.00 exercise price, scheduled to vest in four equal annual installments beginning on June 5, 2027. In addition, he acquired 78,333 shares of restricted Class A Common Stock in connection with a recapitalization transaction. To satisfy tax liabilities upon vesting of restricted stock, 336,389 shares were withheld by the issuer at $60.00 per share, which the filing specifies was not a market sale. Following these transactions, Hazra directly holds 784,505 shares of Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 78,333 | $0.00 | -- |
| Grant/Award | Stock Option | 122,791 | $0.00 | -- |
| Grant/Award | Class A Common Stock | 1,042,561 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 336,389 | $60.00 | $20.18M |
Footnotes (1)
- This transaction occurred prior to the Issuer's registration of a class of equity securities under Section 12 of the Securities Exchange Act of 1934, as amended, in connection with the Issuer's initial public offering, and is reported herein pursuant to Rule 16a-2(a). Represents an acquisition of restricted shares of Class A Common Stock pursuant to a recapitalization transaction, 768,888 shares of which became immediately vested. Represents shares withheld by the Issuer to satisfy tax liability on vesting of restricted stock. Not a market sale. Represents an award of restricted stock units ("RSUs"), each of which represents a contingent right to receive one share of Class A Common Stock. The RSUs will vest in four equal annual installments beginning on June 5, 2027. The stock option will vest in four equal annual installments beginning on June 5, 2027.