Repay Holdings Corp (RPAY) grants 42,500 restricted stock units to director
Rhea-AI Filing Summary
Sadek Zachary F reported acquisition or exercise transactions in this Form 4 filing.
Repay Holdings Corp director Zachary F. Sadek received a grant of 42,500 restricted stock units tied to Class A Common Stock. The units vest on the earlier of the one-year anniversary of the grant or the next annual stockholder meeting at least 50 weeks after grant. Shares underlying these units will be issued after he ceases to be a director and are granted for the benefit of PCP Managers II, L.P., to whom he is obligated to transfer any shares received.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 42,500 shares
Net Buy
1 txn
Insider
Sadek Zachary F
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock F1, F2 | 42,500 | $0.00 | $0.00 |
Holdings After Transaction:
Class A Common Stock — 42,500 shares (Direct)
Footnotes (2)
- F1. Reflects a grant of restricted stock units that vest on the earlier of: (a) the one-year anniversary of the grant date, and (b) the next regularly scheduled annual meeting of stockholders of Issuer that is at least 50 weeks after the grant date. The shares subject to the units will be issued to the Reporting Person after the Reporting Person ceases to be a director of the Issuer pursuant to the terms of the award agreement.
- F2. The restricted stock units granted to the Reporting Person for his services on the Board are for the benefit of PCP Managers II, L.P. (the "Manager"), for whom the Reporting Person serves on the Board of Directors of the Issuer as its representative. Pursuant to an agreement between the Reporting Person and the Manager, the Reporting Person is obligated to transfer to the Manager any shares received upon settlement of such restricted stock units and to comply with the Manager's instructions with respect to the disposition or transfer of any restricted stock units, shares of Class A common stock or any proceeds therefrom.
Key Figures
Restricted stock units granted: 42,500 shares
Transaction price per share: $0.0000 per share
Total shares following transaction: 42,500 shares
+1 more
4 metrics
Restricted stock units granted
42,500 shares
Grant of RSUs tied to Class A Common Stock to director Zachary F. Sadek
Transaction price per share
$0.0000 per share
Equity award granted without cash consideration
Total shares following transaction
42,500 shares
Reported Class A Common Stock position associated with this award after the grant
Minimum period before eligible meeting
50 weeks
Next annual stockholder meeting used as vesting trigger must be at least 50 weeks after grant
Key Terms
restricted stock units, annual meeting of stockholders, Board of Directors, settlement
4 terms
restricted stock units financial
"Reflects a grant of restricted stock units that vest on the earlier of..."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
annual meeting of stockholders regulatory
"the next regularly scheduled annual meeting of stockholders of Issuer..."
Board of Directors regulatory
"for his services on the Board of Directors of the Issuer as its representative"
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
settlement financial
"any shares received upon settlement of such restricted stock units"
Settlement is the process of completing a financial transaction, like buying or selling a stock, by transferring money and ownership between parties. It ensures that both the buyer gets the asset and the seller gets paid, making the deal official. Without settlement, the transaction wouldn't be finalized or legally recognized.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Repay Holdings Corp (RPAY) report for Zachary F. Sadek?
Repay Holdings Corp reported that director Zachary F. Sadek received a grant of 42,500 restricted stock units linked to Class A Common Stock. The award is classified as a grant or award acquisition, not an open-market purchase or sale.
When do Zachary F. Sadek’s RPAY restricted stock units vest?
The restricted stock units vest on the earlier of the one-year anniversary of the grant date or the next regularly scheduled annual meeting of stockholders that is at least 50 weeks after the grant date, according to the award terms.
Who ultimately benefits from Zachary F. Sadek’s RPAY restricted stock units?
The restricted stock units are for the benefit of PCP Managers II, L.P., whose interests Sadek represents on the Board. Under an agreement, he must transfer any shares received upon settlement and follow the Manager’s instructions for any disposition.
Are Sadek’s RPAY restricted stock units held directly or through another entity?
The filing reports the holdings as direct, but a footnote explains they are granted for the benefit of PCP Managers II, L.P.. Sadek is obligated to transfer any settled shares and comply with the Manager’s directions regarding these units and resulting shares.