Rapid7 (RPD) director awarded 15,208 RSUs vesting after next meeting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BURNS MIKE reported acquisition or exercise transactions in this Form 4 filing.
Rapid7, Inc. director Mike Burns reported an equity compensation grant in the form of 15,208 restricted stock units, each representing a right to receive one share of common stock. The grant vests in full on the earlier of the company’s next annual stockholder meeting or the first anniversary of the grant date, subject to his continued service. Following this award, he holds 31,405 shares of common stock directly and 5,000 shares indirectly as trustee of The Burns Living Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
BURNS MIKE
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | COMMON STOCK | 15,208 | $0.00 | -- |
| holding | COMMON STOCK | -- | -- | -- |
Holdings After Transaction:
COMMON STOCK — 31,405 shares (Direct, null);
COMMON STOCK — 5,000 shares (Indirect, By The Burns Living Trust)
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. Represents shares held by the Reporting Person as Trustee of The Burns Living Trust.
Key Figures
RSU grant size: 15,208 units
Direct shares after grant: 31,405 shares
Indirect trust shares: 5,000 shares
+1 more
4 metrics
RSU grant size
15,208 units
Restricted stock units awarded to director Mike Burns
Direct shares after grant
31,405 shares
Common stock directly owned by Mike Burns following the award
Indirect trust shares
5,000 shares
Common stock held indirectly via The Burns Living Trust
Vesting trigger
Earlier of next annual meeting or 1-year anniversary
Vesting condition for the RSU grant, subject to continued service
Key Terms
restricted stock units, contingent right, vesting, The Burns Living Trust
4 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 of the Issuer"
vesting financial
"This restricted stock unit grant vests in full on the earlier of the date of the Issuer's next annual meeting of stockholders or the first anniversary of the date of grant"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
The Burns Living Trust financial
"Represents shares held by the Reporting Person as Trustee of The Burns Living Trust"
FAQ
What insider transaction did Rapid7 (RPD) director Mike Burns report?
Mike Burns reported receiving 15,208 restricted stock units as an equity award. Each unit represents a contingent right to one Rapid7 common share, reflecting routine director compensation rather than an open-market purchase or sale.
How do Mike Burns’s new Rapid7 (RPD) restricted stock units vest?
The 15,208 restricted stock units vest in full on the earlier of Rapid7’s next annual stockholder meeting or the first anniversary of the grant date. Vesting requires Mike Burns’s continued service with the company through the applicable vesting date.
What does each Rapid7 (RPD) restricted stock unit reported by Mike Burns represent?
Each restricted stock unit represents a contingent right to receive one Rapid7 common share. The shares will be delivered only upon vesting, making this grant a form of equity-based compensation rather than immediate stock ownership.