Virgin Galactic (SPCE) awards 238,189 RSUs to EVP and CLO Sarah Kim
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kim Sarah E reported acquisition or exercise transactions in this Form 4 filing.
Virgin Galactic Holdings, Inc. reported that EVP, CLO & Corporate Secretary Sarah E. Kim received a grant of 238,189 restricted stock units (RSUs). These RSUs vest in three equal annual installments on each of the first three anniversaries of the grant date, conditioned on her continued service. Once vested, the RSUs may be settled either in shares of Virgin Galactic common stock or, at the company’s discretion, in cash. Following this compensation award, her reported direct holdings from this grant total 238,189 underlying shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kim Sarah E
Role
EVP, CLO & Corporate Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 238,189 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 238,189 shares (Direct)
Footnotes (1)
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FAQ
What did Virgin Galactic (SPCE) disclose about Sarah E. Kim’s equity grant?
Virgin Galactic disclosed that EVP, CLO & Corporate Secretary Sarah E. Kim received 238,189 restricted stock units. These RSUs serve as equity-based compensation and are tied to her continued service with the company over a multi-year vesting schedule.
How many restricted stock units did SPCE grant to Sarah E. Kim?
Virgin Galactic granted 238,189 restricted stock units (RSUs) to Sarah E. Kim. Each RSU represents the right to receive one share of common stock or, at the company’s discretion, a cash payment of equivalent value upon vesting.
What is the vesting schedule for Sarah E. Kim’s RSUs at Virgin Galactic (SPCE)?
The 238,189 RSUs granted to Sarah E. Kim vest in three equal annual installments. One-third vests on each of the first three anniversaries of the grant date, provided she continues serving the company through each applicable vesting date.
Can Sarah E. Kim’s Virgin Galactic RSUs be paid in cash instead of stock?
Yes. The filing states the RSUs may be settled in shares of common stock or, at Virgin Galactic’s discretion, in cash. The choice of settlement method rests with the company rather than the reporting person.
Is Sarah E. Kim’s Form 4 transaction in SPCE stock a market purchase or sale?
No. The Form 4 reports a grant of restricted stock units, coded as an award acquisition, not an open-market buy or sell. It reflects equity compensation, with no transaction price and settlement occurring upon future vesting events.
What position does Sarah E. Kim hold at Virgin Galactic (SPCE)?
Sarah E. Kim serves as EVP, Chief Legal Officer and Corporate Secretary of Virgin Galactic. The Form 4 indicates this role while disclosing her award of 238,189 restricted stock units as part of her compensation package with the company.