Signet (NYSE: SIG) CEO receives small RSU award from dividend equivalents
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Signet Jewelers’ Chief Executive Officer James Kevin Symancyk reported an automatic equity award tied to existing restricted stock units (RSUs). On this Form 4, he acquired 385.94 common shares at $0.00 per share through dividend equivalent rights attached to previously granted RSUs.
After this award, his directly held common-share and RSU-based position reported in the filing totals 149,158.77 shares, including 113,195.36 RSUs that remain subject to vesting and forfeiture conditions. These new RSUs will vest on the same schedule as the underlying RSUs they relate to, making this a routine, compensation-related, non‑market transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Symancyk James Kevin
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Shares, par value $0.18 | 385.94 | $0.00 | -- |
Holdings After Transaction:
Common Shares, par value $0.18 — 149,158.77 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 113,195.36 restricted stock units which are subject to certain vesting and forfeiture provisions.
Key Figures
RSUs acquired via dividend equivalents: 385.94 shares
Total shares after transaction: 149,158.77 shares
Unvested RSUs subject to conditions: 113,195.36 RSUs
+1 more
4 metrics
RSUs acquired via dividend equivalents
385.94 shares
Restricted stock units granted at $0.00 per share on May 22, 2026
Total shares after transaction
149,158.77 shares
Common shares and RSU-based position following the award
Unvested RSUs subject to conditions
113,195.36 RSUs
Restricted stock units subject to vesting and forfeiture provisions
Award price per share
$0.00 per share
Grant price for RSUs acquired through dividend equivalent rights
Key Terms
restricted stock units (RSUs), dividend equivalent rights, vesting, forfeiture provisions
4 terms
restricted stock units (RSUs) financial
"Represents restricted stock units (RSUs) that were acquired through the application of dividend equivalent rights"
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
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 113,195.36 restricted stock units which are subject to certain vesting and forfeiture provisions"
FAQ
What insider transaction did Signet (SIG) disclose in this Form 4?
Signet disclosed that CEO James Kevin Symancyk acquired 385.94 common shares via restricted stock units granted at $0.00 per share. These arose from dividend equivalent rights on existing RSUs and represent a routine, compensation-related equity award rather than an open-market stock purchase or sale.
How did dividend equivalent rights affect the Signet (SIG) CEO’s RSUs?
Dividend equivalent rights generated an additional 385.94 RSUs for the Signet CEO, mirroring dividends on underlying awards. These RSUs will vest on the same dates as the original RSUs, effectively reinvesting dividend value into more units instead of paying cash directly to the executive.
What are the CEO’s total reported holdings after this Signet (SIG) Form 4?
Following the RSU dividend-equivalent award, the CEO’s total directly reported position is 149,158.77 common shares, including RSU-based interests. Within this, 113,195.36 restricted stock units remain subject to vesting and forfeiture provisions, meaning they must meet service or performance conditions before fully vesting.
Are the new Signet (SIG) RSUs immediately vested for the CEO?
No, the newly acquired RSUs from dividend equivalent rights will vest on the same dates as the underlying RSUs they track. Additionally, 113,195.36 existing restricted stock units are still subject to vesting and possible forfeiture based on the original award terms and conditions.