Ryan Specialty (RYAN) director receives 5,757 deferred RSUs grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BOLGER DAVID P reported acquisition or exercise transactions in this Form 4 filing.
RYAN SPECIALTY HOLDINGS, INC. director David P. Bolger received an equity award of 5,757 shares of Class A Common Stock in the form of Restricted Stock Units that vested immediately upon grant at $0.00 per share. According to the filing, settlement of these units is deferred until his separation from service on the board, and the grant was approved by the board for purposes of Rule 16(b)(3). Following the award, he holds 20,580 Class A shares directly and 66,467 Class A shares indirectly through the David P. Bolger Revocable Trust dated 10/30/1995, with beneficial ownership disclaimed except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
BOLGER DAVID P
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 5,757 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 20,580 shares (Direct, null);
Class A Common Stock — 66,467 shares (Indirect, David P. Bolger Revocable Trust dated 10/30/1995)
Footnotes (1)
- The reported securities represent Restricted Stock Units that vested immediately upon grant for which the reporting person has elected to defer settlement until their separation from service on the board of directors. The grant was approved by the Board of the Issuer for purposes of Rule 16(b)(3). The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest therein.
Key Figures
RSU grant size: 5,757 shares
Grant price per share: $0.00/share
Direct holdings after grant: 20,580 shares
+1 more
4 metrics
RSU grant size
5,757 shares
Restricted Stock Units vested immediately upon grant
Grant price per share
$0.00/share
Equity award compensation, not open-market purchase
Direct holdings after grant
20,580 shares
Class A Common Stock held directly by David P. Bolger
Indirect trust holdings
66,467 shares
Held via David P. Bolger Revocable Trust dated 10/30/1995
Key Terms
Restricted Stock Units, Rule 16(b)(3), pecuniary interest
3 terms
Restricted Stock Units financial
"The reported securities represent Restricted Stock Units that vested immediately upon grant"
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.
Rule 16(b)(3) regulatory
"The grant was approved by the Board of the Issuer for purposes of Rule 16(b)(3)."
pecuniary interest financial
"The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest therein."
FAQ
What insider transaction did RYAN director David P. Bolger report?
David P. Bolger reported receiving 5,757 Restricted Stock Units of Ryan Specialty Class A Common Stock. These units vested immediately upon grant at no cost per share and represent equity-based compensation rather than an open-market stock purchase or sale.
How are the 5,757 Ryan Specialty RSUs for David P. Bolger settled?
The 5,757 Restricted Stock Units vested immediately upon grant but settlement is deferred until Bolger’s separation from service on the Ryan Specialty board. This means actual share delivery occurs when his board service ends, not at the grant date.
Was the Ryan Specialty (RYAN) equity grant to David P. Bolger approved by the board?
Yes. The filing states that the grant was approved by the Ryan Specialty board of directors for purposes of Rule 16(b)(3). This board approval helps qualify the transaction for a specific securities law exemption on short-swing profit rules.