Remitly (RELY) director awarded 3,666 RSUs in stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CAMPBELL PHYLLIS J reported acquisition or exercise transactions in this Form 4 filing.
Remitly Global, Inc. director Phyllis J. Campbell received an equity compensation grant of 3,666 restricted stock units, each representing one share of common stock at no cash cost. The RSUs vest in four equal installments on August 25, November 25, February 25, and May 25 following the grant date, with any remaining units vesting fully on the earlier of the next annual stockholder meeting or June 10, 2027, subject to continued service. After this grant, Campbell holds 78,424 shares of common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
CAMPBELL PHYLLIS J
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,666 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 78,424 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 3,666 units
Shares after grant: 78,424 shares
Grant price: $0.00 per share
+2 more
5 metrics
RSU grant size
3,666 units
Restricted stock units granted to director Campbell
Shares after grant
78,424 shares
Total common stock held directly after transaction
Grant price
$0.00 per share
Equity compensation award, no cash paid by director
Final vesting date
June 10, 2027
Latest date unvested RSUs vest in full
Vesting installments
4 installments
On Aug 25, Nov 25, Feb 25, May 25 after grant date
Key Terms
restricted stock units (RSUs), vest, annual meeting of the Issuer's stockholders, contingent right
4 terms
restricted stock units (RSUs) financial
"Represents a grant of restricted stock units (RSUs). Each RSU represents a contingent right…"
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
vest financial
"The RSUs will vest in four equal installments on each August 25, November 25, February 25, and May 25…"
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.
annual meeting of the Issuer's stockholders regulatory
"…shall vest in full on the earlier of (i) the date of the next annual meeting of the Issuer's stockholders…"
contingent right financial
"Each RSU represents a contingent right to receive one share of the Issuer's Common Stock…"
FAQ
What insider transaction did Remitly (RELY) report for Phyllis J. Campbell?
Remitly reported that director Phyllis J. Campbell received a grant of 3,666 restricted stock units. Each RSU represents one share of common stock, issued at no cash cost, as part of her equity compensation from the company.
How do the newly granted RSUs for Remitly (RELY) director Campbell vest?
The 3,666 RSUs granted to director Phyllis J. Campbell vest in four equal installments on August 25, November 25, February 25, and May 25 after the grant date, contingent on her continued service with Remitly.
When will Campbell’s Remitly (RELY) RSUs be fully vested at the latest?
Any unvested RSUs for Phyllis J. Campbell will fully vest on the earlier of the next annual meeting of Remitly stockholders or June 10, 2027, provided she continues to provide applicable service to the company through that date.