Resideo (REZI) director Andrew Teich receives 4,834 fully vested stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Resideo Technologies director Andrew C. Teich reported a stock-based compensation award rather than an open-market trade. He acquired 4,834 stock units valued at $31.545 each under the 2018 Stock Plan for Non-Employee Directors, in lieu of his annual cash retainer fees.
The footnote explains these stock units are fully vested upon grant and will be settled in a lump sum of common shares after his service as a director ends. Following this award, his direct holdings stand at 359,676.631 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
TEICH ANDREW C
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,834 | $31.545 | $152K |
Holdings After Transaction:
Common Stock — 359,676.631 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Stock units granted: 4,834 stock units
Grant value per unit: $31.545 per unit
Shares held after transaction: 359,676.631 shares
3 metrics
Stock units granted
4,834 stock units
Grant under 2018 Stock Plan for Non-Employee Directors
Grant value per unit
$31.545 per unit
Value used for the stock unit award
Shares held after transaction
359,676.631 shares
Direct holdings following the award
Key Terms
2018 Stock Plan for Non-Employee Directors, annual cash retainer fees, stock units
3 terms
2018 Stock Plan for Non-Employee Directors financial
"Issued under the 2018 Stock Plan for Non-Employee Directors of Resideo Technologies, Inc."
annual cash retainer fees financial
"in lieu of annual cash retainer fees and to be settled"
stock units financial
"These stock units are fully vested upon grant."
Stock units are individual pieces of ownership in a company, like slices of a pie that together make up the whole business. They matter to investors because each unit represents a claim on the company’s assets, profits and sometimes voting power, and changes in the number or value of these units affect ownership percentages, potential dividends and share dilution — all of which influence an investment’s worth.
FAQ
What did Resideo Technologies (REZI) director Andrew Teich report on this Form 4?
Andrew C. Teich reported receiving a stock-based compensation award, not an open-market trade. He was granted 4,834 stock units under Resideo’s 2018 Stock Plan for Non-Employee Directors, reflecting payment of his annual board retainer in equity instead of cash.
How many Resideo (REZI) stock units did Andrew Teich receive and at what value?
Andrew Teich received 4,834 stock units valued at $31.545 per unit. These units were granted as part of his non-employee director compensation, replacing the usual annual cash retainer with equity tied to Resideo’s common stock performance.
Are Andrew Teich’s new Resideo (REZI) stock units immediately vested or subject to vesting?
The filing states these stock units are fully vested upon grant. That means Teich does not face a future vesting schedule, although actual shares of common stock will only be delivered later, after his service as a director ends.
What is the source of Andrew Teich’s new Resideo (REZI) stock units?
The stock units were issued under Resideo’s 2018 Stock Plan for Non-Employee Directors. The footnote explains they were granted in lieu of annual cash retainer fees, aligning director compensation more closely with the company’s equity performance rather than cash payments.