RGP (RGP) CFO receives share grant via dividend equivalent rights
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ryu Jennifer Y reported acquisition or exercise transactions in this Form 4 filing.
RESOURCES CONNECTION, INC. Chief Financial Officer Jennifer Y. Ryu received a grant of 2,230.7944 shares of common stock as a stock-based award. The shares represent dividend equivalent rights accrued on previously awarded restricted stock units and were granted at no cash cost. After this award, she directly holds 211,516.5421 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ryu Jennifer Y
Role
CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,230.794 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 211,516.542 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 2,230.7944 shares
Grant price per share: $0.0000 per share
Shares held after transaction: 211,516.5421 shares
+1 more
4 metrics
Shares granted
2,230.7944 shares
Common stock grant classified as stock-based award
Grant price per share
$0.0000 per share
Non-cash award of common stock
Shares held after transaction
211,516.5421 shares
Direct ownership by CFO after award
Transaction type
Grant, award, or other acquisition
Form 4 transaction code A, non-derivative
Key Terms
dividend equivalent rights, restricted stock units, Grant, award, or other acquisition, Common Stock
4 terms
dividend equivalent rights financial
"Represents dividend equivalent rights accrued on previously awarded restricted stock units"
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
restricted stock units financial
"accrued on previously awarded restricted stock units which vest proportionately"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
Common Stock financial
"security_title: Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did RGP CFO Jennifer Ryu report on this Form 4?
RGP CFO Jennifer Y. Ryu reported receiving 2,230.7944 shares of common stock as a grant. The award reflects dividend equivalent rights tied to previously granted restricted stock units, rather than an open-market purchase of shares.
What are dividend equivalent rights mentioned in the RGP Form 4 footnote?
Dividend equivalent rights in this RGP filing are additional share-based amounts that accrue on restricted stock units. They vest proportionately with the underlying units, effectively mirroring dividends as extra shares instead of cash payments to the holder.
Does the RGP Form 4 indicate any derivative securities or option exercises?
The RGP Form 4 does not show any derivative security transactions or option exercises. The derivative summary is empty, and all reported activity involves non-derivative common stock granted as a stock-based award to the CFO.