Remitly (RELY) director receives grant of 10,185 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Oppenheimer Matthew B. reported acquisition or exercise transactions in this Form 4 filing.
Remitly Global, Inc. director Matthew B. Oppenheimer received a grant of 10,185 restricted stock units, each representing one share of common stock at no cost. The RSUs vest in full on the earlier of the next annual stockholder meeting or June 10, 2027, contingent on continued service. Following this award, he holds 4,510,790 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Oppenheimer Matthew B.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 10,185 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 4,510,790 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 10,185 units
Grant price: $0.00 per unit
Shares held after grant: 4,510,790 shares
+1 more
4 metrics
RSUs granted
10,185 units
Restricted stock unit award to director on June 10, 2026
Grant price
$0.00 per unit
Equity compensation, not open-market purchase
Shares held after grant
4,510,790 shares
Director’s direct common stock holdings following transaction
Latest vesting date
June 10, 2027
RSUs vest on earlier of next annual meeting or this 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 full on the earlier of the date of the next annual meeting"
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 financial
"on the earlier of 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 Matthew B. Oppenheimer?
Remitly reported that director Matthew B. Oppenheimer received 10,185 restricted stock units. Each RSU represents a right to one share of common stock, granted as compensation rather than an open-market purchase.
At what price were the 10,185 Remitly RSUs granted to Matthew B. Oppenheimer?
The 10,185 restricted stock units were granted at a price of $0.00 per unit. This indicates a compensation-related equity award, not a market transaction involving cash paid by the director for the shares.
When will Matthew B. Oppenheimer’s 10,185 Remitly RSUs vest?
The 10,185 RSUs will vest in full on the earlier of the next annual meeting of Remitly’s stockholders or June 10, 2027. Vesting requires that Oppenheimer continues providing service to Remitly until the applicable date.
What does a restricted stock unit (RSU) grant mean for Remitly’s director compensation?
The RSU grant represents equity-based compensation that aligns the director’s interests with shareholders. Each RSU converts into one common share upon vesting, giving the director ownership without requiring an upfront cash payment for the shares.