Rapid7 director reports 68K shares, 135K PSUs
New Rapid7 director Julian Wendell Waits Sr. reports time- and performance-based equity holdings, including RSUs and PSUs tied to future stock-price goals.
Rhea-AI Filing Summary
Rapid7, Inc. (RPD) reported the initial equity holdings of director Julian Wendell Waits Sr. He beneficially owns 68,265 shares of common stock directly, including 44,416 unvested restricted stock units and 23,849 shares. He also holds performance stock units targeting 135,000 underlying common shares, which may vest from 0% to 150% of this target based on stock price thresholds over a three-year performance period and continued employment, subject to certain good leaver events.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Waits Julian Wendell Sr.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | PERFORMANCE RIGHTS F2, F3 | -- | -- | -- |
| holding | COMMON STOCK F1 | -- | -- | -- |
Holdings After Transaction:
PERFORMANCE RIGHTS — 135,000 contracts (Direct);
COMMON STOCK — 68,265 shares (Direct)
Footnotes (3)
- F1. Consists of 44,416 unvested restricted stock units granted under the Issuer's 2015 Equity Incentive Plan, as amended (the "Plan") and 23,849 shares of common stock of the Issuer ("Common Stock") owned by the Reporting Person.
- F2. This security represents performance stock units ("PSUs") granted under the Plan to the Reporting Person. Each PSU represents a contingent right to receive one share of Common Stock.
- F3. The PSUs are eligible to vest upon the Issuer's Common Stock attaining specified stock price thresholds over a three-year performance period, subject to the Reporting Person's continued employment through the end of the performance period (except for certain good leaver events). The number of PSUs reflected is at the target number of PSUs, and the actual number of PSUs eligible to vest will range from 0% to 150% of the target number of PSUs.
Key Figures
Direct common stock holdings: 68,265 shares
Unvested restricted stock units: 44,416 units
Shares of common stock held outright: 23,849 shares
+3 more
6 metrics
Direct common stock holdings
68,265 shares
Beneficially owned directly after the reported holdings as of September 1, 2026
Unvested restricted stock units
44,416 units
Granted under Rapid7’s 2015 Equity Incentive Plan and included in direct holdings
Shares of common stock held outright
23,849 shares
Part of total direct beneficial ownership reported on Form 3
Target performance stock units underlying shares
135,000 shares
Each PSU represents a contingent right to one share, at target level
PSU vesting range
0%–150% of target
Actual PSUs eligible to vest relative to 135,000 target shares
Performance period length
3 years
Stock price thresholds measured over a three-year performance period
Key Terms
restricted stock units, performance stock units, three-year performance period, good leaver events, +1 more
5 terms
restricted stock units financial
"Consists of 44,416 unvested restricted stock units granted under the Issuer's 2015 Equity Incentive Plan"
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.
performance stock units financial
"This security represents performance stock units ("PSUs") granted under the Plan"
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
three-year performance period financial
"attaining specified stock price thresholds over a three-year performance period"
good leaver events financial
"subject to the Reporting Person's continued employment ... (except for certain good leaver events)"
2015 Equity Incentive Plan financial
"granted under the Issuer's 2015 Equity Incentive Plan, as amended"
FAQ
What equity holdings does Rapid7 (RPD) director Julian Wendell Waits Sr. report on this Form 3?
He reports 68,265 shares of common stock directly, consisting of 44,416 unvested RSUs and 23,849 shares, plus performance stock units targeting 135,000 underlying common shares subject to performance and service conditions.
How many Rapid7 (RPD) performance stock units does Julian Wendell Waits Sr. hold?
He holds performance stock units representing a target of 135,000 shares of common stock. The actual number of shares eligible to vest can range from 0% to 150% of this target, depending on stock price performance and continued employment.
What are the vesting conditions for the Rapid7 (RPD) performance stock units reported?
The performance stock units are eligible to vest if Rapid7’s common stock attains specified stock price thresholds over a three-year performance period, subject to the director’s continued employment through that period, except for certain specified good leaver events.
What restricted stock units does Julian Wendell Waits Sr. report in Rapid7 (RPD)?
He reports 44,416 unvested restricted stock units granted under Rapid7’s 2015 Equity Incentive Plan, as amended. These RSUs are included within his total reported direct beneficial ownership of 68,265 common shares.
Is there any stock purchase or sale by the Rapid7 (RPD) director in this Form 3?
No. The Form 3 presents holdings only, showing initial beneficial ownership in common stock, restricted stock units, and performance stock units, with no reported purchases or sales of Rapid7 securities in this filing.
AI-generated analysis. How Rhea-AI works. Not financial advice.
