Snowflake (SNOW) grants director 1,273 RSUs vesting by 2027
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Briggs Teresa reported acquisition or exercise transactions in this Form 4 filing.
Snowflake Inc. director Teresa Briggs received an equity grant of 1,273 shares of common stock in the form of restricted stock units. These RSUs vest in full on the earlier of the 2027 annual stockholder meeting (or immediately before it under certain service conditions) or the first anniversary of the grant date, contingent on continued board service. After this award, she directly holds 5,747 shares of Snowflake common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Briggs Teresa
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,273 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 5,747 shares (Direct, null)
Footnotes (1)
- 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. Includes shares to be issued in connection with the vesting of one or more restricted stock units.
Key Figures
RSU grant size: 1,273 shares
Post-transaction holdings: 5,747 shares
Grant price per share: $0.0000
+1 more
4 metrics
RSU grant size
1,273 shares
Restricted stock units of common stock granted to director
Post-transaction holdings
5,747 shares
Common stock directly held after the grant
Grant price per share
$0.0000
RSUs granted at no cash cost to the director
Vesting trigger
Earlier of 2027 meeting or 1-year anniversary
Time- and service-based vesting condition for RSUs
Key Terms
restricted stock units, vest in full, annual meeting of the Issuer's stockholders, continued service
4 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.
vest in full financial
"The shares represent restricted stock units, which will vest in full on the earlier of..."
annual meeting of the Issuer's stockholders regulatory
"the date of the annual meeting of the Issuer's stockholders to be held in 2027..."
continued service financial
"subject to the Reporting Person's continued service through such date."
FAQ
What insider transaction did Snowflake (SNOW) report for Teresa Briggs?
Snowflake reported that director Teresa Briggs received a grant of 1,273 restricted stock units of common stock. These units are part of her director compensation and increase her direct holdings to 5,747 shares after the transaction.
When do Teresa Briggs’s 1,273 Snowflake (SNOW) RSUs vest?
The 1,273 restricted stock units vest in full on the earlier of the 2027 Snowflake annual stockholder meeting (or immediately before it in certain service-end scenarios) or the first anniversary of the grant date, subject to her continued service as a director.
What type of security was granted to Teresa Briggs by Snowflake (SNOW)?
Snowflake granted Teresa Briggs restricted stock units representing 1,273 shares of common stock. Restricted stock units are equity awards that convert into shares once vesting conditions are satisfied, typically tied to continued service or time-based milestones.