Remitly (RELY) director Nigel W. Morris receives 33,356 RSUs in grants
Rhea-AI Filing Summary
MORRIS NIGEL W reported acquisition or exercise transactions in this Form 4 filing.
Remitly Global, Inc. director Nigel W. Morris reported receiving equity compensation in the form of restricted stock units (RSUs) tied to the company’s common stock. He was granted 30,556 RSUs and a separate 2,800 RSU award, each representing a contingent right to receive one share upon settlement.
One grant will vest in four equal installments on each August 25, November 25, February 25, and May 25 following the grant date, and if not fully vested, will vest in full by the earlier of the next annual stockholder meeting or June 10, 2027, subject to continued service. The other grant will vest in three equal annual installments beginning on the earlier of the next annual stockholder meeting or June 10, 2027, also subject to continued service. Following these awards, Morris directly holds 1,890,994 shares of Remitly common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,800 | $0.00 | -- |
| Grant/Award | Common Stock | 30,556 | $0.00 | -- |
Footnotes (1)
- Represents a grant of restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of the Issuer's Common Stock upon settlement. The RSUs will vest in four equal installments on each August 25, November 25, February 25, and May 25 following the grant date and, if not fully vested, shall vest in full on the earlier of (i) the date of the next annual meeting of the Issuer's stockholders and (ii) June 10, 2027, in each case, subject to the reporting person's provision of applicable service to the Issuer through the applicable date. Represents a grant of RSUs. Each RSU represents a contingent right to receive one share of the Issuer's Common Stock upon settlement. The RSUs will vest in three equal annual installments beginning on the earlier of (i) the date of the next annual meeting of the Issuer's stockholders and (ii) June 10, 2027, in each case, subject to the reporting person's provision of service to the Issuer through the applicable date.