Rogers Corp (ROG) SVP and General Counsel receives 3,451 RSU equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rogers Corp senior executive receives equity award. SVP, General Counsel and Secretary Jessica Ann Morton acquired 3,451 restricted stock units that convert into Rogers common stock on a one-for-one basis under the 2019 Long-Term Equity Compensation Plan. The award vests in three equal annual installments, generally requiring continued employment, with special provisions for death, disability, or retirement.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Morton Jessica Ann
Role
SVP, Gen Counsel, Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Capital (Common) Stock | 3,451 | $0.00 | -- |
Holdings After Transaction:
Capital (Common) Stock — 11,794 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Rogers Corp (ROG) report for Jessica Ann Morton?
Rogers Corp reported that SVP, General Counsel and Secretary Jessica Ann Morton received 3,451 time-based restricted stock units. These units convert to common stock one-for-one and were granted under the company’s 2019 Long-Term Equity Compensation Plan as part of her equity compensation.
What are the vesting terms of Jessica Ann Morton’s new Rogers (ROG) restricted stock units?
The 3,451 restricted stock units vest in three equal one-third installments on each of the first three anniversaries of the grant date. Vesting generally requires continued employment, with special pro-rata vesting rules if death, disability, or retirement occurs before full vesting.
Under which plan were the Rogers Corp (ROG) restricted stock units granted to Jessica Ann Morton?
The restricted stock units were granted under Rogers Corp’s 2019 Long-Term Equity Compensation Plan. This plan provides time-based equity awards that convert into common stock on a one-for-one basis, aligning executive compensation with long-term shareholder interests and company performance.
What happens to unvested Rogers (ROG) restricted stock units if Jessica Ann Morton leaves the company?
Unvested restricted stock units are generally forfeited if Jessica Ann Morton’s employment ends for reasons other than death, disability, or retirement. If death, disability, or retirement occurs before full vesting, a pro-rated portion of the remaining unvested units will vest instead of being forfeited.
Did Jessica Ann Morton pay a purchase price for the Rogers Corp (ROG) restricted stock units?
The filing lists a transaction price of $0.0000 per share, indicating these restricted stock units were granted without a cash purchase price. They represent an equity-based compensation award rather than an open-market stock purchase by the executive.