Executive at Rogers Corp (ROG) awarded 2,502 time-based RSUs
Rhea-AI Filing Summary
Rogers Corp senior executive receives equity award
Rogers Corp SVP & GM - EMS Brian Keith Larabee acquired 2,502 shares of capital (common) stock through a grant of time-based restricted stock units under the 2019 Long-Term Equity Compensation Plan. The award carries a stated price of $0.0000 per share.
The restricted stock units convert into common stock on a one-for-one basis and vest in three equal annual installments on each of the first three anniversaries of the grant date, as long as he remains employed by Rogers or an affiliate. Unvested units are generally forfeited if employment ends, except that in cases of death, disability, or retirement, a pro-rated portion of remaining unvested units would vest.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Capital (Common) Stock | 2,502 | $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
What insider transaction did Rogers Corp (ROG) report for Brian Keith Larabee?
What are the vesting terms of Brian Larabee’s Rogers Corp (ROG) restricted stock units?
Under which plan were Brian Larabee’s Rogers Corp (ROG) restricted stock units granted?
What happens to unvested Rogers Corp (ROG) restricted stock units if Brian Larabee leaves the company?
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