Snap director awarded 46,905 RSUs in stock grant
Lanzone James reported acquisition or exercise transactions in this Form 4 filing.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
Lanzone James reported acquisition or exercise transactions in this Form 4 filing.
Snap Inc director James Lanzone received a grant of 46,905 restricted stock units (RSUs), each representing one share of Class A Common Stock. These RSUs are scheduled to vest 100% after he completes one year of continuous service from August 1, 2026. The award includes pro-rata vesting on discontinued board service, full acceleration upon a change in control or death, and settlement deferred until the earlier of the 90th day after separation from service or a change in control. Following this grant, Lanzone directly holds 102,377 Class A shares/RSUs.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock F1 | 46,905 | $0.00 | $0.00 |
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
Key Terms
restricted stock units ("RSUs") financial
change in control financial
pro-rata acceleration financial
2017 Equity Incentive Plan financial
separation from service financial
Treasury Regulations Section 1.409A-1(h) regulatory
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Snap (SNAP) director James Lanzone report in this Form 4?
When do James Lanzone’s new Snap (SNAP) RSUs vest?
Are there acceleration provisions on James Lanzone’s Snap (SNAP) RSUs?
AI-generated analysis. How Rhea-AI works. Not financial advice.