Equity grant gives SITIME Corp (SITM) director 390 restricted shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Frank Edward H. reported acquisition or exercise transactions in this Form 4 filing.
SITIME Corp director Frank Edward H. reported a compensation-related equity grant of 390 shares of common stock in the form of a restricted stock unit award at a price of $0.0000 per share. The award vests fully on May 20, 2027.
After this grant, he holds 11,999 shares of common stock directly. In addition, two 2015 Heritage Trusts each hold 1,000 shares indirectly, where he serves as a trustee with voting and investment power over those shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Frank Edward H.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 390 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 11,999 shares (Direct, null);
Common Stock — 1,000 shares (Indirect, See Footnote)
Footnotes (1)
- Restricted stock unit award vests fully on May 20, 2027. Includes an aggregate of 390 shares of common stock issuable pursuant to the restricted stock unit award reported pursuant to this Form 4 that has not yet vested. The reportable securities are owned directly by Whitton Anne Frank 2015 Heritage Trust, of which the Reporting Person is one of the trustees and has voting and investment power over the shares. The reportable securities are owned directly by Naomi Mantor Frank 2015 Heritage Trust, of which the Reporting Person is one of the trustees and has voting and investment power over the shares.
Key Figures
RSU grant size: 390 shares
Grant price: $0.0000 per share
Direct holdings after grant: 11,999 shares
+3 more
6 metrics
RSU grant size
390 shares
Restricted stock unit award on May 20, 2027 vesting schedule
Grant price
$0.0000 per share
Compensation-related equity award
Direct holdings after grant
11,999 shares
Total common stock directly owned following transaction
Whitton Heritage Trust holdings
1,000 shares
Indirect ownership via Whitton Anne Frank 2015 Heritage Trust
Naomi Heritage Trust holdings
1,000 shares
Indirect ownership via Naomi Mantor Frank 2015 Heritage Trust
Vesting date
May 20, 2027
Full vesting of restricted stock unit award
Key Terms
restricted stock unit, heritage trust, grant, award, or other acquisition, indirect
4 terms
restricted stock unit financial
"Restricted stock unit award vests fully on May 20, 2027."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
heritage trust financial
"Whitton Anne Frank 2015 Heritage Trust, of which the Reporting Person is one of the trustees"
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
indirect financial
"direct_or_indirect: I, ownership_type: indirect"
FAQ
What insider transaction did SITIME Corp (SITM) report for Frank Edward H.?
SITIME Corp reported that director Frank Edward H. received a grant of 390 shares of common stock as a restricted stock unit award. The award is compensation-related, carries no purchase price, and increases his direct equity stake in the company.
When does the new restricted stock unit award at SITIME Corp vest?
The restricted stock unit award for 390 shares of SITIME Corp common stock vests fully on May 20, 2027. Until that date, the shares remain unvested but are included in the total reported holdings associated with this Form 4 filing.
Is the SITIME Corp Form 4 transaction a market purchase or sale?
The Form 4 shows a compensation-related grant coded as “A,” not an open-market purchase or sale. The 390-share restricted stock unit award was received at a price of $0.0000 per share as part of his director compensation package.
What indirect SITIME Corp holdings are reported through the 2015 Heritage Trusts?
The filing reports 1,000 SITIME Corp common shares held by the Whitton Anne Frank 2015 Heritage Trust and 1,000 shares held by the Naomi Mantor Frank 2015 Heritage Trust. Frank Edward H. is a trustee of both trusts with voting and investment power.