Rapid7 (RPD) director Reeny Sondhi receives 15,208 restricted stock units
Rhea-AI Filing Summary
Rapid7, Inc. director Reeny Sondhi reported receiving a grant of 15,208 shares of common stock in the form of restricted stock units. The award was acquired at no cash cost and increases her direct holdings to 37,425 shares.
The restricted stock units vest in full on the earlier of the company’s next annual stockholder meeting after the grant date or the first anniversary of the grant. Vesting is contingent on her continued service with Rapid7 through the applicable vesting date.
Positive
- None.
Negative
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Insights
Routine director RSU grant increases equity stake with time-based vesting.
Director Reeny Sondhi received 15,208 restricted stock units in Rapid7, Inc., a typical equity compensation grant for board members. The units convert into common stock on a one-for-one basis and were granted at no cash cost.
The RSUs vest in full on the earlier of the next annual stockholder meeting after the grant date or the first anniversary, subject to continued service. This structure encourages board retention and alignment with shareholders without signaling any active buying or selling decision.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | COMMON STOCK | 15,208 | $0.00 | -- |
Footnotes (1)
- This security represents restricted stock units. Each restricted stock unit represents a contingent right to receive one share of common stock of the Issuer. This restricted stock unit grant vests in full on the earlier of: (i) the date of the Issuer's next annual meeting of stockholders held after the date of the grant or (ii) the first anniversary of the date of grant, in each case subject to the Reporting Person's continued service with the Issuer through the applicable vesting date.