Director Henry S. Bienen (RYAN) receives 5,757 RSUs that vest into shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bienen Henry S reported acquisition or exercise transactions in this Form 4 filing.
RYAN Specialty Holdings director Henry S. Bienen received an equity award in the form of Restricted Stock Units. On the reported date, he was granted 5,757 RSUs that vested immediately into Class A Common Stock at an effective price of $0.00 per share, approved by the board for purposes of Rule 16(b)(3). After this grant, he holds 5,757 shares directly. He also has indirect ownership through two 1997 trusts, which hold 28,590 and 24,738 shares of Class A Common Stock, and he disclaims beneficial ownership of these indirect holdings except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Bienen Henry S
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 5,757 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 5,757 shares (Direct, null);
Class A Common Stock — 24,738 shares (Indirect, In Henry S. Bienen 1997 Trust Dated November 10, 1997)
Footnotes (1)
- The reported securities represent Restricted Stock Units that vested immediately upon grant. Such 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: 5,757 shares
Grant price: $0.00 per share
Direct holdings: 5,757 shares
+2 more
5 metrics
RSU grant
5,757 shares
Restricted Stock Units vested immediately upon grant
Grant price
$0.00 per share
Reported transaction price for RSU-related shares
Direct holdings
5,757 shares
Class A Common Stock held directly after transaction
Indirect trust holdings
28,590 shares
Leigh Buchanan Bienen 1997 Trust Class A Common Stock
Indirect trust holdings
24,738 shares
Henry S. Bienen 1997 Trust Class A Common Stock
Key Terms
Restricted Stock Units, Rule 16(b)(3), beneficial ownership, pecuniary interest
4 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)."
beneficial ownership financial
"The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest therein."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
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 Henry S. Bienen report on this Form 4?
Henry S. Bienen reported receiving 5,757 Restricted Stock Units that converted into Class A Common Stock. The award vested immediately upon grant and was approved by the board under Rule 16(b)(3), making it a compensation-related equity grant rather than an open-market purchase.
Was Henry S. Bienen’s RYAN equity grant an open-market purchase or a compensation award?
The filing shows a compensation award, not an open-market purchase. Transaction code A identifies a grant or award, and the footnote specifies these were Restricted Stock Units that vested immediately upon grant, approved by the board for purposes of Rule 16(b)(3).
What does the Rule 16(b)(3) reference mean in Henry S. Bienen’s RYAN filing?
The filing states the grant was approved by the issuer’s board for purposes of Rule 16(b)(3). This rule provides an exemption from short-swing profit rules when certain transactions, like director compensation awards, are approved in advance by the board of directors or a qualifying committee.