Snap Inc (SNAP) awards 46,905 RSUs to director Joanna Coles
Rhea-AI Filing Summary
Coles Joanna reported acquisition or exercise transactions in this Form 4 filing.
Snap Inc director Joanna Coles received a grant of 46,905 restricted stock units (RSUs) representing Class A Common Stock. Each RSU corresponds to one Snap Class A share.
The award vests 100% after one year of continuous service from August 1, 2026, with pro‑rata acceleration if her board service ends earlier and full acceleration upon a change in control or death. Following this grant, Coles is reported to hold 132,854 shares/RSUs directly. Settlement of the RSUs will be deferred until the earlier of the 90th day after separation from service or a change in control, consistent with the company’s 2017 Equity Incentive Plan and applicable tax regulations.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 46,905 shares
Net Buy
1 txn
Insider
Coles Joanna
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock F1 | 46,905 | $0.00 | $0.00 |
Holdings After Transaction:
Class A Common Stock — 132,854 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 after the reporting person completes one year of continuous service from August 1, 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. The settlement of such RSUs will be deferred until the earlier of a) the 90th day following the reporting person's separation from service from the Issuer (as defined under Treasury Regulations Section 1.409A-1(h)) or b) a change in control.
Key Figures
RSUs granted: 46,905 shares
Holdings after grant: 132,854 shares
Vesting schedule: 1 year from August 1, 2026
+1 more
4 metrics
RSUs granted
46,905 shares
Restricted stock units representing Class A Common Stock granted to Joanna Coles
Holdings after grant
132,854 shares
Total direct Class A Common Stock/RSUs reported following the transaction
Vesting schedule
1 year from August 1, 2026
100% of RSUs vest after one year of continuous service from August 1, 2026
Separation settlement timing
90 days
RSU settlement deferred until the 90th day after separation from service or change in control
Key Terms
restricted stock units, change in control, pro-rata acceleration, 2017 Equity Incentive Plan, +1 more
5 terms
restricted stock units financial
"Represents shares issuable on settlement of restricted stock units ("RSUs") granted"
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.
change in control financial
"automatic full acceleration in the event of a change in control, as defined"
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.
pro-rata acceleration financial
"subject to pro-rata acceleration upon the reporting person's discontinued service"
2017 Equity Incentive Plan financial
"as defined in the Issuer's 2017 Equity Incentive Plan"
Treasury Regulations Section 1.409A-1(h) regulatory
"as defined under Treasury Regulations Section 1.409A-1(h)"
FAQ
What did Snap (SNAP) director Joanna Coles receive in this Form 4?
Joanna Coles received a grant of 46,905 restricted stock units (RSUs) tied to Snap’s Class A Common Stock. Each RSU represents one Class A share, subject to vesting and deferral conditions under Snap’s 2017 Equity Incentive Plan.
When do Joanna Coles’s new Snap (SNAP) RSUs vest?
The RSUs vest 100% after one year of continuous service from August 1, 2026. They are also subject to pro-rata acceleration if her board service ends and full acceleration upon a change in control or death.
Are Joanna Coles’s Snap (SNAP) RSUs settled immediately after vesting?
No. Settlement of the RSUs is deferred until the earlier of 90 days after separation from service or a change in control, as defined under the company’s plan and Treasury Regulations Section 1.409A-1(h).
What special acceleration terms apply to Joanna Coles’s Snap (SNAP) RSUs?
The RSUs receive pro-rata acceleration if Coles’s board service ends and automatic full acceleration if there is a change in control or if she dies while in continuous service, under Snap’s 2017 Equity Incentive Plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
