Rapid7 (RPD) director receives 15,208 RSU grant assigned to JANA
Rhea-AI Filing Summary
Galligan Kevin G. reported acquisition or exercise transactions in this Form 4 filing.
Rapid7, Inc. reported that director Kevin G. Galligan was granted 15,208 restricted stock units (RSUs) of common stock as compensation for his service on the Board of Directors under the company’s 2015 Equity Incentive Plan.
Each RSU represents a contingent right to receive one share of Rapid7 common stock. The award vests in full on the earlier of the company’s next annual stockholder meeting or the first anniversary of the grant date, subject to Mr. Galligan’s continued service. All rights to any shares issuable upon vesting have been assigned so that settlement will be made to JANA Partners Management, LP.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 15,208 shares
Net Buy
1 txn
Insider
Galligan Kevin G.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.01 per share | 15,208 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 0 shares (Indirect, See footnote)
Footnotes (3)
- F1. This security represents restricted stock units granted under the Issuer's 2015 Equity Incentive Plan, as amended, as a grant to the Reporting Person, in connection with his service on the Issuer's Board of Directors. Each restricted stock unit represents a contingent right to receive one share of common stock of the Issuer.
- F2. 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.
- F3. The Reporting Person has assigned all rights to any shares issuable pursuant to the grant to JANA Partners Management, LP ("JANA"). Pursuant to the assignment, settlement of the award on vesting will be made to JANA.
Key Figures
RSUs granted: 15,208 units
Security type: Common Stock, $0.01 par value
Grant price: $0.0000 per unit
+2 more
5 metrics
RSUs granted
15,208 units
Restricted stock unit grant to director for board service
Security type
Common Stock, $0.01 par value
Underlying shares for the RSU award
Grant price
$0.0000 per unit
Equity compensation, no cash paid for RSUs
Vesting trigger
Next annual meeting or 1-year anniversary
RSUs vest on the earlier of these dates with continued service
Assignee
JANA Partners Management, LP
Receives settlement of shares upon RSU vesting
Key Terms
restricted stock units, 2015 Equity Incentive Plan, Board of Directors, contingent right, +1 more
5 terms
restricted stock units financial
"This security represents 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.
2015 Equity Incentive Plan financial
"restricted stock units granted under the Issuer's 2015 Equity Incentive Plan, as amended"
Board of Directors financial
"as a grant to the Reporting Person, in connection with his service on the Issuer's Board of Directors"
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.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of common stock"
vesting date financial
"subject to the Reporting Person's continued service with the Issuer through the applicable vesting date"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Rapid7 (RPD) disclose for Kevin G. Galligan?
Rapid7 disclosed that director Kevin G. Galligan received a grant of 15,208 restricted stock units. These RSUs were issued as compensation for his service on the Board of Directors under Rapid7’s 2015 Equity Incentive Plan, as amended.
How many Rapid7 (RPD) restricted stock units were granted in this Form 4?
The filing shows a grant of 15,208 restricted stock units of Rapid7 common stock. Each RSU represents a contingent right to receive one share, with no cash paid per unit at the time of grant.
When do Kevin G. Galligan’s Rapid7 (RPD) RSUs vest?
The RSUs vest in full on the earlier of Rapid7’s next annual meeting of stockholders after the grant date or the first anniversary of the grant. Vesting is conditioned on Kevin G. Galligan’s continued service with Rapid7 through the applicable vesting date.
What is the transaction price for the Rapid7 (RPD) RSU grant in the Form 4?
The Form 4 lists a transaction price per share of $0.0000 for the RSU grant. This reflects that the restricted stock units were granted as equity compensation rather than purchased in an open-market or cash transaction.
Is this Rapid7 (RPD) Form 4 a buy or sell transaction?
This Form 4 reflects an acquisition of 15,208 restricted stock units as a grant or award, coded as an “A” transaction. It is compensation-related, not an open-market buy or sell of existing Rapid7 common shares.