Skillsoft (NYSE: SKIL) grants 26,250 restricted stock units to its CRO
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Glitzer Matthew reported acquisition or exercise transactions in this Form 4 filing.
Skillsoft Corp. chief revenue officer Matthew Glitzer received a grant of 26,250 restricted stock units, each representing one share of Class A Common Stock. This equity award appears to be compensation rather than an open-market trade.
The restricted stock units vest in four equal annual installments beginning on May 1, 2027, as long as he remains continuously employed through each vesting date. Following this grant, his reported holdings for this award total 26,250 units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Glitzer Matthew
Role
CHIEF REVENUE OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 26,250 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 26,250 shares (Direct)
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 in four equal annual installments beginning May 1, 2027, subject to the Reporting Person remaining continuously employed through each vesting date.
Key Figures
RSUs granted: 26,250 units
Underlying shares: 26,250 shares
Vesting schedule: Four equal annual installments
+1 more
4 metrics
RSUs granted
26,250 units
Equity award to chief revenue officer
Underlying shares
26,250 shares
Class A Common Stock deliverable upon vesting
Vesting schedule
Four equal annual installments
Beginning May 1, 2027, subject to continuous employment
Exercise price
$0.00 per unit
No cash exercise price for RSUs
Key Terms
Restricted Stock Units, Class A Common Stock, vest
3 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.
vest financial
"The restricted stock units vest in four equal annual installments"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What insider transaction did Skillsoft (SKIL) report for Matthew Glitzer?
Skillsoft reported that chief revenue officer Matthew Glitzer received 26,250 restricted stock units as an equity award. Each unit represents a contingent right to one share of Class A Common Stock, aligning his compensation with long-term shareholder value.
How many restricted stock units did Skillsoft (SKIL) grant to its CRO?
Skillsoft granted its chief revenue officer 26,250 restricted stock units. These units convert into Class A Common Stock on vesting, providing equity-based compensation that depends on his continued employment and future share performance.
When do Matthew Glitzer’s Skillsoft (SKIL) restricted stock units vest?
The restricted stock units vest in four equal annual installments beginning May 1, 2027. Each yearly tranche requires Matthew Glitzer to remain continuously employed through that vesting date before shares of Class A Common Stock are delivered.
Does the Skillsoft (SKIL) Form 4 show a stock purchase or sale?
The Form 4 shows an equity award, not a market purchase or sale. Matthew Glitzer received 26,250 restricted stock units at no cash exercise price as part of compensation, subject to future vesting conditions based on continued employment.
What does each Skillsoft (SKIL) restricted stock unit granted to the CRO represent?
Each restricted stock unit represents a contingent right to receive one share of Skillsoft’s Class A Common Stock. Shares are only delivered as the units vest over time, tying part of the executive’s compensation to long-term company performance.