Reformation (REF) details 10,274-share RSU grant to director
Rhea-AI Filing Summary
Reformation Inc. (REF) reported the initial equity holdings of director Miller Steven Clive on a Form 3. The filing lists 10,274 shares of Common Stock as a direct holding, referenced in a footnote as restricted stock units granted on June 1, 2026 that will vest on April 27, 2027, with each unit representing a contingent right to receive one share.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Miller Steven Clive
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock F1 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 10,274 shares (Direct)
Footnotes (1)
- F1. Represents restricted stock units ("RSUs") granted on June 1, 2026, which will vest on April 27, 2027. Each RSU represents a contingent right to receive one share of common stock.
Key Figures
Common Stock Holdings: 10,274 shares
RSU Grant Date: June 1, 2026
RSU Vesting Date: April 27, 2027
+1 more
4 metrics
Common Stock Holdings
10,274 shares
Total shares of Common Stock reported as owned following the Form 3 holding entry
RSU Grant Date
June 1, 2026
Date the restricted stock units underlying the 10,274-share position were granted
RSU Vesting Date
April 27, 2027
Date on which the reported restricted stock units will vest into common stock
RSU-to-Share Ratio
1 RSU : 1 share
Each restricted stock unit represents a contingent right to receive one share of common stock
Key Terms
restricted stock units, contingent right, Power of Attorney
3 terms
restricted stock units financial
"Represents restricted stock units ("RSUs") granted on June 1, 2026, which will vest"
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 RSU represents a contingent right to receive one share of common stock"
Power of Attorney regulatory
"Remarks: Exhibit 24 - Power of Attorney"
A power of attorney is a legal document that allows one person to make decisions and act on behalf of another person, often in financial or legal matters. It’s like giving someone a trusted helper or agent the authority to handle important tasks if you are unable to do so yourself. This matters to investors because it can impact how their assets are managed or transferred if they become unable to oversee their affairs.
FAQ
What insider ownership did REF disclose for Miller Steven Clive on this Form 3?
REF disclosed that Miller Steven Clive holds 10,274 shares of Common Stock as a direct position. A footnote explains these are restricted stock units that convert into common shares upon vesting.
What are the key terms of Miller Steven Clive’s RSU grant at REF?
The RSUs were granted on June 1, 2026 and will vest on April 27, 2027. Each restricted stock unit represents a contingent right to receive one share of common stock upon vesting.
Does this REF Form 3 report any insider buying or selling activity?
No buy or sell transactions are reported; it shows a holding entry of 10,274 shares. The disclosure reflects initial beneficial ownership, not a purchase or sale in the market.
When will Miller Steven Clive’s REF restricted stock units fully vest?
The RSUs reported for Miller Steven Clive are scheduled to vest on April 27, 2027. Upon vesting, each restricted stock unit entitles him to receive one share of REF common stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.