Shimmick director exercises RSUs, gets new grant
Shimmick Corp director Geoffrey E. Heekin exercised restricted stock units and received a new equity award.
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Form Type
4
Rhea-AI Filing Summary
Shimmick Corp director Geoffrey E. Heekin exercised restricted stock units and received a new equity award. He converted 100,671 restricted stock units (RSUs) into the same number of common shares, reflecting a one-for-one RSU-to-share conversion. After this exercise, he directly held 209,449 common shares.
On the same date, he was granted 60,000 additional RSUs, which will vest and settle into common stock on the date of the next annual meeting of stockholders, subject to his continued service. Following this grant, he held 60,000 RSUs as a separate derivative position.
Insider Trade Summary
100,671 shares exercised/converted
Exercise
3 txns
Insider
Heekin Geoffrey E.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 60,000 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 100,671 | $0.00 | $0.00 |
| Exercise | Common Stock, par value $0.01 per share | 100,671 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 60,000 contracts (Direct);
Common Stock, par value $0.01 per share — 209,449 shares (Direct)
Footnotes (3)
- F1. RSUs convert into common stock on a one-for-one basis
- F2. The RSUs will vest in full and settle into shares of common stock on the date of the next annual meeting of the Issuer's stockholders, subject to Reporting Perons's continued service through such date.
- F3. On June 4, 2025, the Reporting Person was granted 100,671 RSUs, vesting and settling upon the date of next annual meeting of the Issuer's stockholders, subject to Reporting Person's continued service through such date.
Key Figures
RSUs exercised: 100,671 units
Common shares after exercise: 209,449 shares
New RSU grant: 60,000 units
+2 more
5 metrics
RSUs exercised
100,671 units
Converted into common stock on exercise date
Common shares after exercise
209,449 shares
Direct holdings following RSU conversion
New RSU grant
60,000 units
Awarded as restricted stock units, vesting at next annual meeting
RSU conversion ratio
1 RSU : 1 share
RSUs convert into common stock on a one-for-one basis
Exercise transactions
1 event, 100,671 shares
Derivative exercise or conversion count from transaction summary
Key Terms
Restricted Stock Units, RSUs, Form 4, derivative security
4 terms
Restricted Stock Units financial
"The RSUs will vest in full and settle into shares of common stock on the date of the next annual meeting"
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.
RSUs financial
"RSUs convert into common stock on a one-for-one basis"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Shimmick Corp (SHIM) director Geoffrey Heekin report in this Form 4?
Geoffrey E. Heekin reported an equity compensation update. He exercised 100,671 restricted stock units into the same number of common shares and received a new grant of 60,000 RSUs, all held directly as part of his ownership in Shimmick Corp.
What RSU grants are disclosed for Geoffrey Heekin in Shimmick’s Form 4?
The filing shows two RSU events. First, 100,671 RSUs previously granted vested and converted into common stock. Second, Heekin received a new grant of 60,000 RSUs that will vest at the next annual stockholder meeting, subject to his continued service.
Do Geoffrey Heekin’s Shimmick Corp RSUs convert into common stock one-for-one?
Yes. A footnote states the restricted stock units convert into common stock on a one-for-one basis. This means each vested RSU delivers one Shimmick Corp common share when it settles, simplifying how investors interpret his equity compensation.
When will Geoffrey Heekin’s new 60,000 Shimmick RSUs vest and settle?
The 60,000 restricted stock units will vest in full and settle into shares of Shimmick Corp common stock on the date of the next annual meeting of stockholders, provided Geoffrey E. Heekin continues his service with the company through that date.
Was there any open-market buying or selling of Shimmick Corp stock in this Form 4?
No open-market trades are disclosed. The Form 4 reports an RSU conversion to common stock and a new RSU grant, both coded as derivative exercise or grant events, without any separate purchase or sale transactions in the open market.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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