Board member at Ryan Specialty (NYSE: RYAN) awarded 5,757 RSUs
Rhea-AI Filing Summary
OHALLERAN MICHAEL D reported acquisition or exercise transactions in this Form 4 filing.
Ryan Specialty Holdings director Michael D. O’Halleran received a grant of 5,757 Restricted Stock Units (RSUs) that vested immediately upon grant on Class A Common Stock. He elected to defer settlement of these RSUs until his separation from service on the board of directors.
After this award, he holds 238,963 shares directly and 581,952 shares indirectly through the Trust of Michael D. O'Halleran dated January 17, 1997. The indirect holdings include 20,580 RSUs that also vested immediately upon grant and are similarly deferred. The grant was approved by the board for purposes of Rule 16(b)(3).
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 5,757 shares
Net Buy
2 txns
Insider
OHALLERAN MICHAEL D
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 5,757 | $0.00 | $0.00 |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 238,963 shares (Direct);
Class A Common Stock — 581,952 shares (Indirect, See Footnote)
Footnotes (3)
- F1. 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. Such grant was approved by the Board of the Issuer for purposes of Rule 16(b)(3).
- F2. Includes 20,580 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.
- F3. The reported securities are held by the Trust of Michael D. O'Halleran dated January 17, 1997. The reporting person may be deemed to be the beneficial owner of the reported securities but disclaims such ownership except to the extent of his pecuniary interest therein.
Key Figures
RSU grant: 5,757 units
Direct holdings: 238,963 shares
Indirect holdings: 581,952 shares
+2 more
5 metrics
RSU grant
5,757 units
Restricted Stock Units vested immediately upon grant
Direct holdings
238,963 shares
Class A Common Stock held directly after transaction
Indirect holdings
581,952 shares
Class A Common Stock held indirectly via trust after transaction
Deferred RSUs included
20,580 units
RSUs vested immediately; settlement deferred until board separation
Grant price
$0.0000 per share
Equity award granted at no cash cost to director
Key Terms
Restricted Stock Units, Rule 16(b)(3), separation from service, beneficial owner, +1 more
5 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
"Such grant was approved by the Board of the Issuer for purposes of Rule 16(b)(3)."
separation from service financial
"defer settlement until their separation from service on the board of directors."
beneficial owner regulatory
"The reporting person may be deemed to be the beneficial owner of the reported securities"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
pecuniary interest financial
"disclaims such ownership except to the extent of his pecuniary interest therein."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Ryan Specialty (RYAN) director Michael O’Halleran report on this Form 4?
Michael O’Halleran reported a grant of 5,757 Restricted Stock Units that vested immediately. He chose to defer settlement until he leaves the board, and the grant was approved by the company’s board under Rule 16(b)(3) as part of his director compensation.
What are the terms of Michael O’Halleran’s new RSUs at Ryan Specialty (RYAN)?
The 5,757 Restricted Stock Units vested immediately upon grant but will be settled later. O’Halleran elected to receive the underlying shares only after he separates from the board, aligning this compensation with the duration of his director service.
How many deferred RSUs does Michael O’Halleran have at Ryan Specialty (RYAN)?
In addition to the new grant, his holdings include 20,580 Restricted Stock Units that vested immediately upon earlier grants. Like the latest award, these RSUs will be settled in shares only when he leaves the Ryan Specialty board of directors.
How are Michael O’Halleran’s indirect Ryan Specialty (RYAN) holdings structured?
His indirect holdings are owned by the Trust of Michael D. O'Halleran dated January 17, 1997. He may be deemed the beneficial owner of these securities but disclaims ownership beyond his pecuniary interest, a common structure for estate and wealth planning.