Rogers SVP awarded 3,451 restricted stock units
Rogers Corp senior vice president and Chief Administrative Officer Michael Reed Webb reported an equity grant of 3,451 shares of common stock in the form of time-based restricted stock units.
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Rhea-AI Filing Summary
Rogers Corp senior vice president and Chief Administrative Officer Michael Reed Webb reported an equity grant of 3,451 shares of common stock in the form of time-based restricted stock units. These units convert to common stock on a one-for-one basis and vest in three equal annual installments starting on the first anniversary of the grant date, contingent on continued employment, with pro-rata vesting only in cases of death, disability, or retirement and forfeiture of unvested units upon other termination.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common (Capital) Stock | 3,451 | $0.00 | $0.00 |
Footnotes (1)
- F1. Represents the award of Time-Based Restricted Stock Units that convert to common stock on a one-for-one basis pursuant to the 2019 Long-Term Equity Compensation Plan. This Time-Based Restricted Stock Unit award vests in equal one-third increments on each of the first three (3) anniversaries of the Grant Date, provided that the Grantee is then employed by the Company or an Affiliate. Restricted Stock Units that are unvested as of the date of the Grantee's employment termination for any reason other than death, disability, or retirement shall be forfeited. If the Grantee dies, becomes disabled or retires prior to the third anniversary of the Grant Date, a pro-rated amount of the remaining unvested stock units in the grant would vest.
FAQ
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What insider transaction did Rogers Corp (ROG) report for Michael Reed Webb?
How do Michael Reed Webb’s restricted stock units in Rogers Corp (ROG) vest?
What happens to unvested Rogers Corp (ROG) RSUs if Michael Reed Webb leaves the company?
Is Michael Reed Webb’s Rogers Corp (ROG) grant an open-market stock purchase?
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