Repay director gets 42,500 restricted stock units
Sadek Zachary F reported acquisition or exercise transactions in this Form 4 filing.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock F1, F2 | 42,500 | $0.00 | $0.00 |
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
Key Terms
restricted stock units financial
annual meeting of stockholders regulatory
Board of Directors regulatory
settlement financial
FAQ
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What insider transaction did Repay Holdings Corp (RPAY) report for Zachary F. Sadek?
When do Zachary F. Sadek’s RPAY restricted stock units vest?
Who ultimately benefits from Zachary F. Sadek’s RPAY restricted stock units?
Are Sadek’s RPAY restricted stock units held directly or through another entity?
AI-generated analysis. How Rhea-AI works. Not financial advice.