Rogers Corp (ROG) CEO awarded 24,822 time-based RSUs vesting through 2029
Rhea-AI Filing Summary
Rogers Corp President and CEO Omar El-Haj Ali received an equity grant of 24,822 shares of Capital (Common) Stock in the form of time-based restricted stock units (RSUs) under the 2019 Long-Term Equity Compensation Plan. These RSUs convert into common stock on a one-for-one basis as they vest.
The award vests in installments, with 44% of the RSUs vesting on May 28, 2027, another 44% on May 28, 2028, and the remaining 12% on May 28, 2029, as long as he remains employed by the company or an affiliate. Unvested RSUs are forfeited if employment ends for reasons other than death or disability, while a pro-rated portion of unvested units would vest if death or disability occurs before May 28, 2029. After this grant, he directly holds 46,420 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Capital (Common) Stock | 24,822 | $0.00 | $0.00 |
Footnotes (1)
- F1. Represents the award of Time-Based Restricted Stock Units ("RSUs") that convert to common stock on a one-for-one basis pursuant to the 2019 Long-Term Equity Compensation Plan. This Time-Based RSU award will vest in installments on May 28, 2027, May 28, 2028, and May 28, 2029, provided that the Grantee is then employed by the Company or an Affiliate. Forty-four percent (44%) of the RSUs will vest on each of May 28, 2027, and May 28, 2028, and the remaining twelve percent (12%) will vest on May 28, 2029. RSUs that are unvested as of the date of the Grantee's employment termination for any reason other than death or disability shall be forfeited. If the Grantee dies or becomes disabled prior to May 28, 2029, a pro-rated amount of the remaining unvested stock units in the grant would vest.
Key Figures
Key Terms
Restricted Stock Units ("RSUs") financial
2019 Long-Term Equity Compensation Plan financial
Time-Based RSU award financial
vest financial
forfeited financial
FAQ
What equity award did Rogers (ROG) CEO Omar El-Haj Ali receive?
How do the CEO’s new Rogers (ROG) RSUs vest over time?
What happens to unvested Rogers (ROG) RSUs if the CEO leaves?
How are Rogers (ROG) RSUs treated if the CEO dies or becomes disabled?
AI-generated analysis. How Rhea-AI works. Not financial advice.