Rapid7 (NASDAQ: RPD) director granted 15,208 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Brown Marc Evan reported acquisition or exercise transactions in this Form 4 filing.
Rapid7, Inc. director Marc Evan Brown reported receiving a grant of 15,208 shares of common stock in the form of restricted stock units. These units were granted at no cash cost and each unit represents a right to receive one Rapid7 common share in the future.
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, assuming Brown continues serving the company through that date. After this award, he directly holds 67,090 shares of Rapid7 common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Brown Marc Evan
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | COMMON STOCK | 15,208 | $0.00 | -- |
Holdings After Transaction:
COMMON STOCK — 67,090 shares (Direct, null)
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.
Key Figures
RSU grant size: 15,208 shares
Grant price per share: $0.00 per share
Shares held after grant: 67,090 shares
+1 more
4 metrics
RSU grant size
15,208 shares
Restricted stock units awarded to director on grant date
Grant price per share
$0.00 per share
Stated transaction price for RSU award
Shares held after grant
67,090 shares
Total Rapid7 common stock held directly after transaction
Vesting trigger
Next annual meeting or 1-year anniversary
Earlier date governs full RSU vesting, subject to continued service
Key Terms
restricted stock units, contingent right, vesting date
3 terms
restricted stock units financial
"This security represents restricted stock units. Each restricted stock unit represents a contingent right to receive one share of common stock"
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.
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"
FAQ
What insider transaction did Rapid7 (RPD) report for Marc Evan Brown?
Rapid7 reported that director Marc Evan Brown received a grant of 15,208 restricted stock units. These represent future shares of common stock as part of his equity compensation package, not an open-market purchase or sale of stock.
Is the Rapid7 (RPD) Form 4 transaction a stock purchase or sale?
The Form 4 shows an acquisition through a grant of restricted stock units, not a market trade. The 15,208 units were awarded as compensation at a stated price of $0.00 per share, so there was no open-market buying or selling.
When do Marc Evan Brown’s Rapid7 (RPD) restricted stock units vest?
The restricted stock units vest in full on the earlier of Rapid7’s next annual stockholder meeting after the grant date or the first anniversary of the grant. Vesting is conditioned on Brown’s continued service with the company through that date.
What does a restricted stock unit (RSU) mean for Rapid7 (RPD) insiders?
A restricted stock unit is a promise to deliver one share of Rapid7 common stock in the future if vesting conditions are met. Insiders like directors typically receive RSUs as part of equity compensation instead of immediately tradable shares.