Signet Jewelers (NYSE: SIG) director granted RSUs from dividend equivalent rights
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Signet Jewelers director Sharon McCollam reported an acquisition of 8.83 common shares in the form of restricted stock units. These RSUs were credited through dividend equivalent rights tied to previously granted awards and will vest on the same schedule as the underlying RSUs. Following this grant, she holds a total of 30,719.01 common shares, including 2,045.01 restricted stock units that remain subject to vesting and forfeiture conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
MCCOLLAM SHARON
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Shares, par value $0.18 | 8.83 | $0.00 | -- |
Holdings After Transaction:
Common Shares, par value $0.18 — 30,719.01 shares (Direct, null)
Footnotes (1)
- Represents restricted stock units (RSUs) that were acquired through the application of dividend equivalent rights accrued on the RSUs granted after April 2, 2025. RSUs acquired pursuant to the dividend equivalent rights will vest on the same dates as the underlying RSUs to which they relate. Includes 2,045.01 restricted stock units which are subject to certain vesting and forfeiture provisions.
Key Figures
RSUs acquired: 8.83 shares
Total shares after transaction: 30,719.01 shares
RSUs subject to vesting: 2,045.01 shares
3 metrics
RSUs acquired
8.83 shares
Restricted stock units credited on May 22, 2026
Total shares after transaction
30,719.01 shares
Beneficial ownership following RSU credit
RSUs subject to vesting
2,045.01 shares
Restricted stock units with vesting and forfeiture provisions
Key Terms
restricted stock units, dividend equivalent rights, vesting, forfeiture provisions
4 terms
restricted stock units financial
"Represents restricted stock units (RSUs) that were acquired through the application of dividend equivalent rights"
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.
dividend equivalent rights financial
"acquired through the application of dividend equivalent rights accrued on the RSUs granted after April 2, 2025"
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
vesting financial
"RSUs acquired pursuant to the dividend equivalent rights will vest on the same dates as the underlying RSUs"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
forfeiture provisions financial
"Includes 2,045.01 restricted stock units which are subject to certain vesting and forfeiture provisions"
FAQ
What insider transaction did Sharon McCollam report at SIGNET JEWELERS LTD (SIG)?
Sharon McCollam reported receiving 8.83 common shares as restricted stock units. These RSUs were credited through dividend equivalent rights linked to earlier grants and represent a small, compensation-related increase in her equity position at Signet Jewelers.
Was the SIG insider transaction by Sharon McCollam an open-market buy or a grant?
The transaction was a grant-type acquisition of restricted stock units, not an open-market purchase. The RSUs were issued through dividend equivalent rights, meaning they accrued automatically on existing awards rather than being bought on the stock market.
What are the vesting conditions on Sharon McCollam’s SIG restricted stock units?
The newly acquired RSUs vest on the same dates as the underlying RSUs to which they relate. In total, 2,045.01 restricted stock units in her holdings are subject to specified vesting schedules and forfeiture provisions, reflecting typical long-term incentive structures.
What are dividend equivalent rights mentioned in the SIG Form 4 filing?
Dividend equivalent rights credit additional restricted stock units when dividends are paid on the underlying shares. In this case, RSUs were acquired through dividend equivalents on RSUs granted after April 2, 2025, and they vest on the same dates as those original awards.