Snowflake director granted 1,273 restricted stock units
GARRETT MARK reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
GARRETT MARK reported acquisition or exercise transactions in this Form 4 filing.
Snowflake Inc. director Mark Garrett received an equity award of 1,273 shares of common stock as a restricted stock unit grant. These units vest in full on the earlier of the company’s 2027 annual stockholder meeting (or immediately before it if his board service ends at that meeting) or the first anniversary of the grant date, subject to his continued service.
Following this award, Garrett holds 10,074 shares of Snowflake common stock directly. He also has indirect ownership through several 2011 irrevocable trusts established for his children, including positions of 30,252 and 30,253 shares held in separate trusts.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 1,273 shares
Grant/Award
5 txns
Insider
GARRETT MARK
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,273 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 10,074 shares (Direct);
Common Stock — 121,010 shares (Indirect, Trust)
Footnotes (6)
- F1. The shares represent restricted stock units, which will vest in full on the earlier of (i) the date of the annual meeting of the Issuer's stockholders to be held in 2027 (or the date immediately prior to such meeting if the Reporting Person's service as a director ends at such meeting due to the Reporting Person's failure to be re-elected or the Reporting Person not standing for re-election), or (ii) the first anniversary of the date of grant; subject to the Reporting Person's continued service through such date.
- F2. Includes shares to be issued in connection with the vesting of one or more restricted stock units.
- F3. The shares are held by the Amy Garrett 2011 Irrevocable Trust FBO Lee A. Garrett for which the Reporting Person's child is the beneficiary.
- F4. The shares are held by the Amy Garrett 2011 Irrevocable Trust FBO Brittany R.G. Smith for which the Reporting Person's child is the beneficiary.
- F5. The shares are held by the Mark Garrett 2011 Irrevocable Trust FBO Lee A. Garrett for which the Reporting Person's child is the beneficiary.
- F6. The shares are held by the Mark Garrett 2011 Irrevocable Trust FBO Brittany R.G. Smith for which the Reporting Person's child is the beneficiary.
Key Figures
RSU grant size: 1,273 shares
Grant price: $0.0000 per share
Direct holdings after grant: 10,074 shares
+2 more
5 metrics
RSU grant size
1,273 shares
Restricted stock unit award of common stock
Grant price
$0.0000 per share
Reported price for the RSU grant (compensation award)
Direct holdings after grant
10,074 shares
Common stock held directly after the transaction
Trust holding A
30,252 shares
Indirect ownership via 2011 irrevocable trust for child beneficiary
Trust holding B
30,253 shares
Indirect ownership via separate 2011 irrevocable trust for child beneficiary
Key Terms
restricted stock units, Grant, award, or other acquisition, indirect, Irrevocable Trust, +1 more
5 terms
restricted stock units financial
"The shares represent restricted stock units, which will vest in full on the earlier of"
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.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
indirect financial
"direct_or_indirect: I, nature_of_ownership: Trust"
Irrevocable Trust financial
"The shares are held by the Amy Garrett 2011 Irrevocable Trust FBO"
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
beneficiary financial
"for which the Reporting Person's child is the beneficiary"
FAQ
What did Snowflake (SNOW) director Mark Garrett report in this Form 4?
Mark Garrett reported receiving an equity award of 1,273 shares of Snowflake common stock as restricted stock units. The filing also updates his direct holdings to 10,074 shares and discloses additional indirect holdings in several family trusts.
What are the vesting terms for Mark Garrett’s new Snowflake (SNOW) restricted stock units?
The 1,273 restricted stock units vest in full on the earlier of Snowflake’s 2027 annual stockholder meeting (or immediately before it if his board service ends then) or the first anniversary of the grant date, subject to his continued service.
What indirect Snowflake (SNOW) holdings does Mark Garrett report through family trusts?
The Form 4 reports Snowflake shares held by several 2011 irrevocable trusts benefiting his children, including positions of 30,252 and 30,253 shares. These are classified as indirect ownership with the nature of ownership listed as trusts.
AI-generated analysis. How Rhea-AI works. Not financial advice.
