Virgin Galactic director granted 25,306 RSUs
Mabus Raymond E reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Mabus Raymond E reported acquisition or exercise transactions in this Form 4 filing.
Virgin Galactic Holdings, Inc. director Raymond E. Mabus reported a compensation-related equity grant. He received an award of 25,306 restricted stock units (RSUs) of common stock at no cash cost, bringing his direct holdings to 84,371 shares after the transaction.
The RSUs vest in full on the one-year anniversary of the grant date, or on the date of the next annual meeting of stockholders if that meeting occurs earlier and he does not stand for re-election. Upon vesting, the RSUs will be settled in shares of Virgin Galactic common stock, making this a stock-based compensation grant rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 25,306 | $0.00 | $0.00 |
Footnotes (1)
- F1. Represents an award of restricted stock units (RSUs), which vests in full on the one-year anniversary of the grant date; provided that, if (i) Reporting Person will not stand for re-election to continue to serve on the Board following the date of the Issuer's next annual meeting of stockholders following the grant date and (ii) the next annual meeting date is earlier than the one-year anniversary of the grant date, then the RSUs will vest on the next annual meeting date. The RSUs will be settled in shares of the Issuer's common stock upon vesting.
Key Figures
Key Terms
restricted stock units (RSUs) financial
annual meeting of stockholders financial
vests in full financial
FAQ
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What did Virgin Galactic (SPCE) director Raymond E. Mabus report in this Form 4?
Is the Virgin Galactic (SPCE) Form 4 for Raymond E. Mabus a stock purchase or compensation grant?
When do Raymond E. Mabus’s Virgin Galactic (SPCE) RSUs vest?
How will the Virgin Galactic (SPCE) RSUs granted to Raymond E. Mabus be settled?
AI-generated analysis. How Rhea-AI works. Not financial advice.