Rogers (ROG) CFO Laura Russell receives 5,002 time-based RSUs grant
Rhea-AI Filing Summary
Rogers Corp senior vice president, CFO and treasurer Laura Russell reported an equity grant of 5,002 shares of capital (common) stock in the form of time-based restricted stock units under the 2019 Long-Term Equity Compensation Plan. These units convert to common stock on a one-for-one basis.
The award vests in three equal annual installments on each of the first three anniversaries of the grant date, subject to continued employment with Rogers or an affiliate. Unvested units are forfeited if employment ends for reasons other than death, disability or retirement, while a pro-rated portion vests in those cases. After this grant, her directly held shares total 13,071.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 5,002 shares
Net Buy
1 txn
Insider
Russell Laura
Role
SVP, CFO, Treasurer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Capital (Common) Stock | 5,002 | $0.00 | $0.00 |
Holdings After Transaction:
Capital (Common) Stock — 13,071 shares (Direct)
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 Laura Russell?
Rogers Corp reported that Laura Russell received an equity grant of 5,002 time-based restricted stock units, converting one-for-one into common stock. The award was made under the 2019 Long-Term Equity Compensation Plan and increased her directly held shares to 13,071.
How do Laura Russell’s new Rogers (ROG) restricted stock units vest?
The 5,002 time-based restricted stock units vest in three equal installments on the first, second and third anniversaries of the grant date. Vesting requires that Laura Russell remain employed by Rogers Corp or an affiliate on each vesting date to receive the corresponding shares.
What happens to Laura Russell’s unvested Rogers (ROG) RSUs if employment ends?
Any unvested restricted stock units are forfeited if employment ends for reasons other than death, disability or retirement. If she dies, becomes disabled or retires before the third anniversary, a pro-rated portion of the remaining unvested units from this grant would vest.
Under which plan were Laura Russell’s Rogers (ROG) RSUs granted?
The 5,002 time-based restricted stock units were granted under Rogers Corp’s 2019 Long-Term Equity Compensation Plan. Each unit converts into one share of common stock upon vesting, aligning executive compensation with the company’s equity performance over a multi-year period.
Did Laura Russell pay cash for the new Rogers (ROG) restricted stock units?
The filing characterizes the transaction as a grant or award acquisition with a reported price per share of 0.0000, indicating an equity award rather than an open-market purchase. This is a common structure for executive long-term incentive compensation at publicly traded companies.
AI-generated analysis. How Rhea-AI works. Not financial advice.