Skillsoft (NYSE: SKIL) director receives 17,500 RSUs as equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Foulkes Helena reported acquisition or exercise transactions in this Form 4 filing.
Skillsoft Corp. director Helena Foulkes reported receiving a grant of 17,500 Restricted Stock Units, each representing one share of Class A Common Stock. The units were awarded at no cash cost as equity compensation.
The RSUs vest on the earlier of the one-year anniversary of the grant date or the company’s next annual meeting of stockholders, subject to her continued service. Following this award, her reported RSU holdings from this grant total 17,500 units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Foulkes Helena
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 17,500 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 17,500 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock of the Issuer. The restricted stock units vest on the earlier of (i) the one-year anniversary of the date of grant or (ii) the date of the Issuer's next annual meeting of stockholders following the date of grant, subject to the Reporting Person's continued service.
Key Figures
RSUs granted: 17,500 units
Underlying shares: 17,500 shares
Grant price: $0.00 per unit
3 metrics
RSUs granted
17,500 units
Restricted Stock Units awarded to director Helena Foulkes
Underlying shares
17,500 shares
Class A Common Stock underlying the RSUs
Grant price
$0.00 per unit
Equity compensation, non-cash grant
Key Terms
Restricted Stock Units, Class A Common Stock, annual meeting of stockholders, contingent right
4 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share"
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.
Class A Common Stock financial
"receive one share of Class A Common Stock of the Issuer"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
annual meeting of stockholders financial
"the date of the Issuer's next annual meeting of stockholders"
contingent right financial
"represents a contingent right to receive one share of Class A Common Stock"
FAQ
What did Helena Foulkes report in this Form 4 for Skillsoft (SKIL)?
Helena Foulkes reported receiving 17,500 Restricted Stock Units as equity compensation. Each unit represents a contingent right to one share of Skillsoft Class A Common Stock, subject to future vesting conditions tied to time and service.
How many Skillsoft RSUs were granted to Helena Foulkes?
She was granted 17,500 Restricted Stock Units. These RSUs are derivative securities that convert into an equal number of Class A Common Stock shares when they vest, assuming she continues serving the company through the applicable vesting date.
What are the vesting conditions for Helena Foulkes’ 17,500 Skillsoft RSUs?
The RSUs vest on the earlier of the one-year anniversary of the grant date or Skillsoft’s next annual meeting of stockholders. Vesting is contingent on Helena Foulkes’ continued service with the company through that selected vesting date.