Snap director granted 46,905 RSUs in stock award
Spence Patrick reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
Spence Patrick reported acquisition or exercise transactions in this Form 4 filing.
Snap Inc director Patrick Spence received a grant of 46,905 restricted stock units (RSUs), each representing one share of Class A Common Stock. 100% of the RSUs vest after he completes one year of continuous service from August 1, 2026, with pro-rata or full acceleration upon certain board service changes, a change in control under the 2017 Equity Incentive Plan, or death. Settlement of vested RSUs is deferred until the earlier of the 90th day after separation from service or a change in control. Following this award, Spence holds 118,671 shares/RSUs directly.
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 financial
change in control financial
pro-rata acceleration financial
Treasury Regulations Section 1.409A-1(h) regulatory
FAQ
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What did Snap (SNAP) director Patrick Spence report in this Form 4?
How many Snap (SNAP) RSUs were granted to Patrick Spence?
When do Patrick Spence’s new Snap (SNAP) RSUs vest?
What are Patrick Spence’s Snap (SNAP) holdings after this RSU grant?
How is settlement of Patrick Spence’s Snap (SNAP) RSUs timed?
AI-generated analysis. How Rhea-AI works. Not financial advice.