REVVITY (RVTY) director granted new restricted stock unit awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
REVVITY, INC. director Sophie V. Vandebroek reported two stock-based compensation awards. She acquired 1,265 and 1,015 restricted stock units, each unit representing one share of common stock granted at no cash cost.
The restricted stock units will fully vest on April 27, 2027, the scheduled date of the next annual meeting of shareholders, if she continues to serve through that date. Vesting can also occur earlier in cases such as death, disability, qualifying retirement, or certain terminations within 12 months after a change in control.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Vandebroek Sophie V.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,015 | $0.00 | -- |
| Grant/Award | Common Stock | 1,265 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 6,103 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Restricted stock units granted: 1,265 units
Additional restricted stock units granted: 1,015 units
Vesting date: April 27, 2027
3 metrics
Restricted stock units granted
1,265 units
Award of common stock units to director
Additional restricted stock units granted
1,015 units
Second award of common stock units to director
Vesting date
April 27, 2027
Scheduled vesting at next annual shareholders’ meeting
Key Terms
restricted stock units, annual meeting of shareholders, qualifying retirement, change in control
4 terms
restricted stock units financial
"The Reporting Person was granted restricted stock units, with each unit representing a contingent right"
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.
qualifying retirement financial
"subject to the Reporting Person's continued service through such date or, if earlier, upon the Reporting Person's death, disability or qualifying retirement"
change in control financial
"or the termination of the Reporting Person's service within 12 months following a change in control"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
FAQ
What insider transaction did REVVITY (RVTY) disclose for Sophie V. Vandebroek?
REVVITY disclosed that director Sophie V. Vandebroek received two grants of restricted stock units. She acquired 1,265 and 1,015 units, with each unit representing a contingent right to one share of common stock, as part of her equity compensation.
How many REVVITY (RVTY) restricted stock units were granted to the director?
The director was granted 1,265 and 1,015 restricted stock units. Each unit corresponds to one share of REVVITY common stock, awarded at no cash cost as compensation rather than through an open-market purchase.
When do Sophie V. Vandebroek’s REVVITY (RVTY) restricted stock units vest?
The restricted stock units are scheduled to fully vest on April 27, 2027. This date aligns with REVVITY’s next annual meeting of shareholders, assuming her continued service on the board through that date under the grant terms.
What conditions affect vesting of REVVITY (RVTY) restricted stock units for the director?
Vesting requires continued service through April 27, 2027, but may accelerate earlier. Acceleration can occur upon death, disability, qualifying retirement, or if her service ends within 12 months after a change in control, according to the grant terms.
What type of security did REVVITY (RVTY) grant to its director in this filing?
REVVITY granted restricted stock units tied to its common stock. Each unit represents a contingent right to receive one share of common stock if the vesting conditions, including continued service or specified triggering events, are satisfied.