RYAN executive exercises RSUs, pays taxes in shares
Ryan Specialty Holdings EVP & CHRO Michael Conklin exercised restricted stock units and settled related taxes in shares.
Rhea-AI Filing Summary
Ryan Specialty Holdings EVP & CHRO Michael Conklin exercised restricted stock units and settled related taxes in shares. On April 1, he converted 7,637 Restricted Stock Units into 7,637 shares of Class A Common Stock. Of these, 2,176 shares were withheld at $33.74 per share to cover tax obligations.
After these transactions, he directly held 10,196 shares of Class A Common Stock and 22,908 Restricted Stock Units, which each represent a contingent right to receive one share of Class A Common Stock as they vest in equal annual installments beginning April 1, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary
7,637 shares exercised/converted
Exercise
3 txns
Insider
Conklin Michael
Role
EVP & CHRO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 7,637 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 7,637 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 2,176 | $33.74 | $73K |
Holdings After Transaction:
Restricted Stock Unit — 22,908 contracts (Direct);
Class A Common Stock — 10,196 shares (Direct)
Footnotes (3)
- F1. Each Restricted Stock Unit represents a contingent right to receive on vesting one share of Class A Common Stock of Ryan Specialty Holdings, Inc.
- F2. These shares were withheld to pay tax withholding obligations upon the vesting of of the restricted stock units.
- F3. The Restricted Stock Units vest in five equal annual installments beginning April 1, 2025.
Key Figures
RSUs exercised: 7,637 units
Shares withheld for taxes: 2,176 shares at $33.74
Common shares after transactions: 10,196 shares
+1 more
4 metrics
RSUs exercised
7,637 units
Restricted Stock Units converted into Class A Common Stock on April 1
Shares withheld for taxes
2,176 shares at $33.74
Class A Common Stock withheld to satisfy tax obligations
Common shares after transactions
10,196 shares
Direct Class A Common Stock holdings following Form 4 transactions
RSUs remaining
22,908 units
Restricted Stock Units outstanding after the April 1 vesting and exercise
Key Terms
Restricted Stock Unit, tax withholding obligations, derivative security, Class A Common Stock
4 terms
Restricted Stock Unit financial
"Each Restricted Stock Unit represents a contingent right to receive on vesting one share of Class A Common Stock"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
tax withholding obligations financial
"These shares were withheld to pay tax withholding obligations upon the vesting of of the restricted stock units."
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Class A Common Stock financial
"one share of Class A Common Stock of Ryan Specialty Holdings, Inc."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did RYAN EVP & CHRO Michael Conklin report?
Michael Conklin reported exercising 7,637 Restricted Stock Units into Class A Common Stock. A portion of the resulting shares was used to satisfy tax withholding obligations, reflecting a routine compensation-related equity vesting rather than an open-market stock purchase or sale.
How many Restricted Stock Units does Michael Conklin still have at RYAN?
After the April 1 transaction, Michael Conklin holds 22,908 Restricted Stock Units. Each unit represents a contingent right to receive one share of Class A Common Stock as the awards vest according to their five-year annual vesting schedule beginning April 1, 2025.
What does the F transaction code mean in this RYAN Form 4 filing?
The F transaction code denotes shares withheld to pay tax obligations. In this case, 2,176 Class A Common shares were delivered back to the issuer at $33.74 per share to cover taxes from the vesting of restricted stock units granted to Michael Conklin.
How do Michael Conklin’s Restricted Stock Units at RYAN vest over time?
His Restricted Stock Units vest in five equal annual installments beginning April 1, 2025. Each vested unit converts into one share of Class A Common Stock, subject to tax withholding, providing ongoing equity-based compensation over the multi-year vesting period.
AI-generated analysis. How Rhea-AI works. Not financial advice.
