SiTime (SITM) director Heckart receives 390-share RSU equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Heckart Christine reported acquisition or exercise transactions in this Form 4 filing.
SiTime Corp director Christine Heckart reported a new equity compensation grant and updated her share holdings. She received 390 shares of common stock through a restricted stock unit award at $0.00 per share, classified as a grant or award rather than an open-market purchase.
The restricted stock unit award vests fully on May 20, 2027. After this grant, Heckart holds 2,080 shares of common stock directly, which includes the 390 unvested shares from this award. She also has indirect ownership of 9,305 shares through the H D & Christine Heckart 2014 Family Trust, where she serves as a manager with voting and investment power.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Heckart Christine
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 390 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 2,080 shares (Direct, null);
Common Stock — 9,305 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 H D & Christine Heckart 2014 Fam Trust UAD 2/14/2014, of which the Reporting Person is one of the managers and has voting and investment power over the shares
Key Figures
RSU grant size: 390 shares
Grant price: $0.00 per share
RSU vesting date: May 20, 2027
+2 more
5 metrics
RSU grant size
390 shares
Restricted stock unit award of common stock
Grant price
$0.00 per share
Equity compensation, not open-market purchase
RSU vesting date
May 20, 2027
Full vesting of 390-share RSU award
Direct holdings after grant
2,080 shares
Includes 390 unvested RSU shares
Indirect holdings via trust
9,305 shares
Held by H D & Christine Heckart 2014 Family Trust
Key Terms
restricted stock unit, indirect ownership, grant, award, or other acquisition
3 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.
indirect ownership financial
"The reportable securities are owned directly by H D & Christine Heckart 2014 Fam Trust..."
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What did SiTime (SITM) director Christine Heckart report in this Form 4?
She reported a grant of 390 restricted stock units of SiTime common stock at $0.00 per share. The filing also updates her direct holdings to 2,080 shares and indirect holdings to 9,305 shares through a family trust.
When do Christine Heckart’s new SiTime (SITM) restricted stock units vest?
The 390 restricted stock units vest fully on May 20, 2027. This means she will receive the underlying SiTime common shares on that date, assuming continued service and satisfaction of any applicable vesting conditions described for the award.
What are Christine Heckart’s total direct and indirect SiTime (SITM) holdings now?
After the grant, she holds 2,080 SiTime shares directly, including the 390 unvested restricted stock units. She also has indirect ownership of 9,305 shares through the H D & Christine Heckart 2014 Family Trust, where she has voting and investment power.
Was this SiTime (SITM) Form 4 transaction an open-market buy or sale?
No, the Form 4 shows a grant or award acquisition of 390 shares coded as “A”, not an open-market trade. It reflects equity compensation, not a discretionary purchase or sale in the public market by Christine Heckart.