Revvity (RVTY) director Frank Witney granted restricted stock unit awards
Rhea-AI Filing Summary
Witney Frank reported acquisition or exercise transactions in this Form 4 filing.
REVVITY, INC. director Frank Witney reported two stock-based compensation grants in the form of restricted stock units tied to the company’s common stock. He was awarded 1,265 units and 1,015 units, each at no cash cost, reflecting equity compensation rather than open-market buying.
Each restricted stock unit represents the right to receive one share of common stock if vesting conditions are met. The units are scheduled to fully vest on April 27, 2027, aligned with the company’s next annual meeting of shareholders, subject to his continued service or earlier vesting upon specified events such as death, disability, qualifying retirement, or certain post–change-in-control terminations.
Positive
- None.
Negative
- None.
Insights
Director received time-based RSU grants as routine equity compensation, not open-market purchases.
Director Frank Witney was granted two blocks of restricted stock units (1,265 and 1,015) in REVVITY, INC. common stock. The grants carry a zero-dollar exercise or purchase price, so they function as stock awards rather than cash-funded investments.
The RSUs will fully vest on April 27, 2027, coinciding with the next annual shareholder meeting, provided he continues serving as a director. The footnote also allows earlier vesting upon death, disability, qualifying retirement, or service termination within 12 months following a change in control, which is a typical protection feature in director compensation plans.
Because these are compensation-related awards (Form 4 code A) and not open-market buys or sales, they usually carry limited signaling value about the director’s personal view of valuation. Future filings covering additional grants, vesting, or any later discretionary share sales would further clarify how his equity exposure evolves over time.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,015 | $0.00 | -- |
| Grant/Award | Common Stock | 1,265 | $0.00 | -- |
Footnotes (1)
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