Snap (SNAP) awards director Luke Wood 46,905 RSUs with 2026 vesting
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.
Positive
- None.
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Insider Trade Summary
Net Buyer: 46,905 shares
Net Buy
1 txn
Insider
Wood Luke
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 — 60,091 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.
Key Figures
RSUs granted: 46,905 shares
Price per share: $0.0000
Holdings after grant: 60,091 shares
+1 more
4 metrics
RSUs granted
46,905 shares
Restricted stock units of Class A Common Stock granted to Luke Wood
Price per share
$0.0000
Reported transaction price for the RSU grant
Holdings after grant
60,091 shares
Total direct Class A holdings/RSUs following the transaction
Vesting date reference
August 1, 2026
RSUs vest 100% after one year of continuous service from 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"
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"
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
"change in control, as defined in the Issuer's 2017 Equity Incentive Plan"
FAQ
What did Snap (SNAP) director Luke Wood receive in this Form 4 filing?
Luke Wood received a grant of 46,905 RSUs, each representing one share of Snap Class A common stock. These RSUs are part of his director compensation and increase his direct holdings to 60,091 shares/units.
When do Luke Wood’s 46,905 Snap (SNAP) RSUs vest?
All 46,905 RSUs vest 100% after Luke Wood completes one year of continuous service from August 1, 2026. Vesting depends on his continued service on Snap’s board of directors during that period.
Are there acceleration provisions on Luke Wood’s Snap (SNAP) RSU grant?
Yes. The RSUs are subject to pro‑rata acceleration if his board service ends, automatic full acceleration upon a change in control under the 2017 Equity Incentive Plan, and immediate full vesting if he dies while in continuous service.
AI-generated analysis. How Rhea-AI works. Not financial advice.