Snap (SNAP) director Luke Wood receives 13,186 RSU award in new filing
Rhea-AI Filing Summary
Wood Luke reported acquisition or exercise transactions in this Form 4 filing.
Snap Inc director Luke Wood received an equity award in the form of 13,186 restricted stock units (RSUs) of Class A Common Stock. The RSUs were granted at no cash cost and will all vest on August 2, 2026, subject to his continued board service and standard acceleration provisions for discontinued service, change in control, or death.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 13,186 shares
Net Buy
1 txn
Insider
Wood Luke
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 13,186 | $0.00 | $0.00 |
Holdings After Transaction:
Class A Common Stock — 13,186 shares (Direct)
Footnotes (1)
- F1. Represents shares issuable on settlement of restricted stock units ("RSUs") granted to the reporting person. Each RSU represents a contingent right to receive one share of Issuer's Class A Common Stock. 100% of the RSUs shall vest on August 2, 2026. The RSUs will be subject to pro-rata acceleration upon the reporting person's discontinued service on the Issuer's board of directors and automatic full acceleration in the event of a change in control, as defined in the Issuer's 2017 Equity Incentive Plan. If the reporting person dies while in continuous service, 100% of the RSUs will be deemed fully vested immediately.
Key Figures
RSUs granted: 13,186 shares
Grant price per RSU: $0.0000 per share
Shares following transaction: 13,186 shares
+1 more
4 metrics
RSUs granted
13,186 shares
Restricted stock units granted to Luke Wood on June 17, 2026
Grant price per RSU
$0.0000 per share
Equity award with no cash purchase price
Shares following transaction
13,186 shares
Total beneficial ownership reported after RSU grant
RSU vesting date
August 2, 2026
100% of RSUs scheduled to vest on this date
Key Terms
restricted stock units ("RSUs"), change in control, 2017 Equity Incentive Plan
3 terms
restricted stock units ("RSUs") financial
"Represents shares issuable on settlement of restricted stock units ("RSUs") granted to the reporting person."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
change in control financial
"automatic full acceleration in the event of a change in control, as defined in the Issuer's 2017 Equity Incentive Plan."
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
2017 Equity Incentive Plan financial
"as defined in the Issuer's 2017 Equity Incentive Plan."
AI-generated analysis. How Rhea-AI works. Not financial advice.