Director at Synergy CHC Corp. (SNYR) receives 306,433 RSU equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Synergy CHC Corp. director Kaushal Nitin received a stock-based compensation award of 306,433 restricted stock units on common stock. The award was reported as a grant or other acquisition with no cash price per share. According to the terms, each RSU represents a contingent right to one common share and the RSUs vested in full on the grant date. Following this grant, Nitin directly holds 306,433 common shares associated with this award.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kaushal Nitin
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.00001 per share | 306,433 | $0.00 | -- |
Holdings After Transaction:
Common Stock, par value $0.00001 per share — 306,433 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 306,433 units
Transaction price per share: $0.0000 per share
Shares held after transaction: 306,433 shares
3 metrics
RSUs granted
306,433 units
Restricted stock unit award to director Kaushal Nitin
Transaction price per share
$0.0000 per share
Reported for RSU grant
Shares held after transaction
306,433 shares
Total common shares directly owned following grant
Key Terms
restricted stock units, RSU, 2024 Equity Incentive Plan, contingent right
4 terms
restricted stock units financial
"The reported securities are restricted stock units ("RSU")."
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.
RSU financial
"The reported securities are restricted stock units ("RSU")."
Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.
2024 Equity Incentive Plan financial
"subject to the conditions set forth in the applicable RSU award agreement and Issuer's 2024 Equity Incentive Plan, as amended."
contingent right financial
"Each RSU represents a contingent right to receive one share of common stock"
FAQ
What insider transaction did Synergy CHC Corp. (SNYR) report for Kaushal Nitin?
Synergy CHC Corp. reported that director Kaushal Nitin received a grant of 306,433 restricted stock units. Each RSU represents a contingent right to one common share, and the entire award vested immediately on the grant date under the company’s 2024 Equity Incentive Plan.
Was cash paid for the Synergy CHC Corp. (SNYR) RSU grant to Kaushal Nitin?
No cash price per share was reported for the RSU grant, which is typical for stock-based compensation awards. The filing shows a transaction price of $0.0000 per share, reflecting that this was an equity compensation grant rather than an open-market purchase.
Did the restricted stock units for Synergy CHC Corp. (SNYR) vest immediately?
Yes. The footnote states that the RSUs vested in full on the grant date. This means all 306,433 units became fully vested at once, subject to the conditions in the RSU award agreement and the 2024 Equity Incentive Plan.
What is Kaushal Nitin’s direct holding after the Synergy CHC Corp. (SNYR) RSU grant?
After the reported transaction, Kaushal Nitin directly holds 306,433 common shares associated with this RSU award. The Form 4 shows total shares following the transaction equal to 306,433, reflecting his direct ownership position after the grant vested.