Board member at SolarEdge (NASDAQ: SEDG) receives 2,634 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GECHT GUY reported acquisition or exercise transactions in this Form 4 filing.
SolarEdge Technologies director Guy Gecht received an equity grant tied to board service. He was awarded 2,634 restricted stock units (RSUs) that may be settled in common stock, bringing his direct holdings, including unvested RSUs, to 27,323 shares and RSUs.
The RSUs vest in full on the earlier of the one-year anniversary of the grant date or the company’s next regular Annual General Meeting of Stockholders, subject to continued board service. They will also vest in full upon a change in control as defined in SolarEdge’s 2015 Amended and Restated Global Incentive Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
GECHT GUY
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,634 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 27,323 shares (Direct, null)
Footnotes (1)
- Reflects restricted stock units ("RSUs") granted to the reporting person as an annual award for service on the Board of Directors. The RSUs will vest in full on the earlier of (i) the one-year anniversary of the grant date or (ii) the Company's next regular Annual General Meeting of Stockholders, subject to continued board service through the applicable vesting date. The RSUs will vest in full upon the occurrence of a change in control (as defined in the SolarEdge Technologies, Inc. 2015 Amended and Restated Global Incentive Plan). These RSUs may be settled solely in shares of common stock. Reflects shares of common stock held and RSUs that are subject to vesting.
Key Figures
RSUs granted: 2,634 RSUs
Holdings after grant: 27,323 shares and RSUs
Grant price per share: $0.0000 per share
3 metrics
RSUs granted
2,634 RSUs
Annual equity award for Board of Directors service
Holdings after grant
27,323 shares and RSUs
Direct holdings following the RSU award
Grant price per share
$0.0000 per share
Compensation grant with no cash paid by the director
Key Terms
restricted stock units ("RSUs"), Annual General Meeting of Stockholders, change in control, 2015 Amended and Restated Global Incentive Plan
4 terms
restricted stock units ("RSUs") financial
"Reflects restricted stock units ("RSUs") granted to the reporting person as an annual award"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Annual General Meeting of Stockholders financial
"on the earlier of (i) the one-year anniversary of the grant date or (ii) the Company's next regular Annual General Meeting of Stockholders"
change in control financial
"The RSUs will vest in full upon the occurrence of a change in control"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
2015 Amended and Restated Global Incentive Plan financial
"as defined in the SolarEdge Technologies, Inc. 2015 Amended and Restated Global Incentive Plan"
FAQ
What equity award did SolarEdge (SEDG) director Guy Gecht receive?
Guy Gecht received a grant of 2,634 restricted stock units (RSUs) for his service on SolarEdge’s Board of Directors. These RSUs may be settled solely in shares of common stock, increasing his total direct holdings to 27,323 shares and RSUs.
How and when do Guy Gecht’s new SolarEdge (SEDG) RSUs vest?
The 2,634 RSUs vest in full on the earlier of the one-year anniversary of the grant date or SolarEdge’s next regular Annual General Meeting. Vesting is contingent on Gecht’s continued service on the Board of Directors through the applicable vesting date.
What happens to Guy Gecht’s SolarEdge (SEDG) RSUs if there is a change in control?
If a change in control occurs, as defined in SolarEdge’s 2015 Amended and Restated Global Incentive Plan, Gecht’s 2,634 RSUs will vest in full. This acceleration provision protects the value of the award in a qualifying corporate transaction.
Is Guy Gecht’s SolarEdge (SEDG) RSU grant an open-market purchase?
No, the 2,634 RSUs are a compensation-related grant, not an open-market purchase. The award was given as an annual equity grant for Board service at no cash cost per share, and vests over time based on continued service.