Rocket Lab (RKLB) director Alexander Slusky granted 2,482 RSUs, now holds over 496k shares
Rhea-AI Filing Summary
Slusky Alexander R reported acquisition or exercise transactions in this Form 4 filing.
Rocket Lab Corp director Alexander R. Slusky reported an equity grant of 2,482 restricted stock units (RSUs). These RSUs were granted under Rocket Lab’s Amended and Restated Non-Employee Director Compensation Policy and the 2021 Stock Option and Incentive Plan as part of director compensation.
The RSUs will vest in full on the earlier of the company’s next Annual Meeting of Stockholders or the one-year anniversary of the grant date, subject to his continued board service. Following this grant, Slusky directly holds 61,331 shares of common stock and indirectly holds 434,675 shares through Abalone Cove LLLP, a partnership he and his spouse own.
Positive
- None.
Negative
- None.
Insights
Routine director RSU grant with modest size relative to total holdings.
Alexander R. Slusky, a director of Rocket Lab Corp, received 2,482 RSUs as compensation under the company’s non-employee director policy and 2021 Stock Option and Incentive Plan. The grant carries no cash exercise price and is standard equity-based pay.
The RSUs vest on the earlier of the next Annual Meeting of Stockholders or one year from grant, contingent on continued board service. After this grant, he holds 61,331 shares directly and 434,675 shares indirectly via Abalone Cove LLLP, so the new award is a relatively small addition to an existing position.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,482 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Represents restricted stock units ("RSUs") granted to the Reporting Person under the Rocket Lab Corporation Amended and Restated Non-Employee Director Compensation Policy, and the Rocket Lab Corporation 2021 Stock Option and Incentive Plan. Such RSUs will vest in full on the earlier of (i) the date of the Registrant's next Annual Meeting of Stockholders and (ii) the one-year anniversary of the date of grant, subject to the Reporting Person's continuous service as a member of the Board of Directors through such date. These shares are held by Abalone Cove LLLP, a limited liability limited partnership, of which the Reporting Person is the sole general partner and of which the Reporting Person and his spouse are the sole limited partners.