Remitly (NASDAQ: RELY) grants director 3,055 RSUs vesting through 2027
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Smyth Margaret Mary reported acquisition or exercise transactions in this Form 4 filing.
Remitly Global, Inc. director Margaret Mary Smyth received an equity compensation grant of 3,055 restricted stock units (RSUs), each representing one share of common stock upon settlement. After this award, her directly held and reported common stock position is 88,554 shares.
The RSUs vest in four equal installments on each August 25, November 25, February 25, and May 25 following the grant date and will fully vest no later than the earlier of the next annual stockholder meeting or June 10, 2027, as long as she continues providing service to the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Smyth Margaret Mary
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,055 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 88,554 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 3,055 RSUs
Post-grant holdings: 88,554 shares
Grant price per RSU: $0.00 per unit
+2 more
5 metrics
RSU grant size
3,055 RSUs
Award to director Margaret Mary Smyth
Post-grant holdings
88,554 shares
Total common stock following transaction
Grant price per RSU
$0.00 per unit
Equity compensation, not open-market purchase
Final vest date backstop
June 10, 2027
Latest date by which all RSUs vest
Installment vesting dates
Aug 25, Nov 25, Feb 25, May 25
Four equal vesting installments after grant
Key Terms
restricted stock units (RSUs), contingent right, vest, annual meeting of the Issuer's stockholders, +1 more
5 terms
restricted stock units (RSUs) financial
"Represents a grant of restricted stock units (RSUs). Each RSU represents a contingent right to receive one share"
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.
contingent right financial
"Each RSU represents a contingent right to receive one share of the Issuer's Common Stock upon settlement."
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 financial
"shall vest in full on the earlier of (i) the date of the next annual meeting of the Issuer's stockholders"
provision of applicable service financial
"in each case, subject to the reporting person's provision of applicable service to the Issuer through the applicable date."
FAQ
What did Remitly (RELY) disclose about director Margaret Mary Smyth in this Form 4?
Remitly reported that director Margaret Mary Smyth received a grant of 3,055 restricted stock units. Each RSU represents a right to receive one share of Remitly common stock, subject to the vesting schedule and continued service conditions described in the filing.
How do the new Remitly (RELY) RSUs granted to Margaret Mary Smyth vest?
The 3,055 RSUs vest in four equal installments on August 25, November 25, February 25, and May 25 after the grant. Any remaining unvested RSUs then vest fully on the earlier of the next annual shareholder meeting or June 10, 2027, if service continues.
Is Margaret Mary Smyth’s Remitly (RELY) RSU grant an open-market stock purchase?
No, the filing identifies the transaction as a grant or award acquisition of 3,055 RSUs at a price of $0.00 per unit. This indicates equity compensation awarded by the company rather than shares bought by Smyth in the open market.
What conditions apply to the vesting of Remitly (RELY) RSUs granted to Margaret Mary Smyth?
Vesting of the RSUs is conditioned on Smyth’s continued service to Remitly through each scheduled vesting date. Any remaining RSUs vest in full by the earlier of the next annual stockholder meeting or June 10, 2027, subject to this ongoing service requirement.