Sonos (SONO) CEO receives 218,553 RSUs, total RSU holdings 545,168
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Conrad Thomas reported acquisition or exercise transactions in this Form 4 filing.
Sonos Inc Chief Executive Officer Thomas Conrad received a grant of 218,553 restricted stock units. Each RSU represents a right to receive one share of Sonos common stock upon vesting and settlement for no cash payment.
These RSUs will vest 33.33% on the first anniversary of the May 15, 2026 grant date, then in equal quarterly installments over the following two years, as long as he remains employed on each vesting date. After this award, Conrad holds 545,168 RSUs in total, providing long-term equity-based compensation that ties his interests to company performance. The RSUs are also subject to double-trigger acceleration as described in the filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Conrad Thomas
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 218,553 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 545,168 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit ("RSU") represents a contingent right to receive 1 share of the Issuer's Common Stock upon vesting and settlement for no consideration. These RSUs will vest on the following schedule: 33.33% of the shares subject to the RSU will vest on the first anniversary of the grant date of May 15, 2026 and thereafter will vest in equal quarterly installments over the next two years, until such time as the RSUs are 100% vested, subject to the continued employment of the Reporting Person on each vesting date. The RSUs are subject to double-trigger acceleration.
Key Figures
RSUs granted: 218,553 units
Price per RSU: $0.00 per unit
Total RSUs after grant: 545,168 units
+1 more
4 metrics
RSUs granted
218,553 units
Restricted stock units granted to CEO on May 15, 2026
Price per RSU
$0.00 per unit
No cash consideration required at settlement
Total RSUs after grant
545,168 units
CEO’s RSU holdings following this award
Initial vesting portion
33.33%
Vests on first anniversary of May 15, 2026 grant date
Key Terms
Restricted Stock Units, contingent right, double-trigger acceleration, vesting
4 terms
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents a contingent right to receive 1 share of the Issuer's Common Stock"
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.
contingent right financial
"represents a contingent right to receive 1 share of the Issuer's Common Stock upon vesting and settlement"
double-trigger acceleration financial
"The RSUs are subject to double-trigger acceleration."
vesting financial
"These RSUs will vest on the following schedule: 33.33% of the shares subject to the RSU will vest on the first anniversary"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What did Sonos (SONO) CEO Thomas Conrad report in this Form 4?
Thomas Conrad reported receiving 218,553 restricted stock units as equity compensation. Each unit represents one Sonos common share upon vesting, with no cash payment required at settlement. This award increases his total RSU holdings to 545,168 units.
How many Sonos (SONO) RSUs were granted to the CEO and at what price?
Thomas Conrad was granted 218,553 restricted stock units at a price of $0.00 per unit. The RSUs are a stock-based compensation award, not a market purchase, and convert into Sonos common shares upon vesting and settlement.
What is the vesting schedule for Thomas Conrad’s new Sonos (SONO) RSUs?
The RSUs vest 33.33% on the first anniversary of the May 15, 2026 grant date. The remaining units vest in equal quarterly installments over the next two years, subject to Conrad’s continued employment on each vesting date.
How many Sonos (SONO) RSUs does the CEO hold after this grant?
Following this award, Thomas Conrad holds 545,168 restricted stock units in total. These RSUs represent potential future shares of Sonos common stock, delivered over time as the units vest according to the specified schedule.
What does double-trigger acceleration mean for Sonos (SONO) CEO RSUs?
The RSUs are subject to double-trigger acceleration, meaning vesting can accelerate if two specified events occur. Typically this involves a change in control and a qualifying termination, though the precise conditions are defined in Sonos’s applicable equity agreements.