Snap director Luke Wood granted 46,905 RSUs
Wood Luke reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
Wood Luke reported acquisition or exercise transactions in this Form 4 filing.
Snap Inc director Luke Wood received a grant of 46,905 Class A shares in the form of restricted stock units (RSUs). Each RSU represents one share of Class A common stock. The award vests 100% after he completes one year of continuous service from August 1, 2026, with pro‑rata acceleration if his board service ends earlier, full acceleration upon a change in control under Snap’s 2017 Equity Incentive Plan, and immediate full vesting if he dies while in continuous service. Following this grant, Wood holds 60,091 Class A 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.
Key Figures
Key Terms
restricted stock units ("RSUs") financial
change in control financial
2017 Equity Incentive Plan financial
FAQ
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What did Snap (SNAP) director Luke Wood receive in this Form 4 filing?
When do Luke Wood’s 46,905 Snap (SNAP) RSUs vest?
Are there acceleration provisions on Luke Wood’s Snap (SNAP) RSU grant?
AI-generated analysis. How Rhea-AI works. Not financial advice.