Virgin Galactic (NYSE: SPCE) director receives 21,816 RSUs in stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Jonas Tina W reported acquisition or exercise transactions in this Form 4 filing.
Virgin Galactic Holdings director Tina W. Jonas received an equity grant of 21,816 restricted stock units (RSUs) of common stock. The RSUs vest in full on the one-year anniversary of the grant date, or earlier on the date of the next annual stockholders’ meeting if that meeting occurs sooner and she does not stand for re-election. The RSUs will be settled in shares of common stock upon vesting. After this award and a small rounding correction, Jonas holds 71,993 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Jonas Tina W
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 21,816 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 71,993 shares (Direct, null)
Footnotes (1)
- 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. The reported balance was adjusted by two shares due to a rounding correction.
Key Figures
RSUs granted: 21,816 shares
Grant price per share: $0.00 per share
Shares after transaction: 71,993 shares
+2 more
5 metrics
RSUs granted
21,816 shares
Restricted stock unit award to director Tina W. Jonas
Grant price per share
$0.00 per share
Equity award with no cash purchase price
Shares after transaction
71,993 shares
Total direct holdings following RSU grant and rounding correction
Vesting condition
One-year anniversary or next annual meeting
RSUs vest fully on the earlier of these dates per award terms
Rounding adjustment
2 shares
Reported balance adjusted by two shares due to rounding correction
Key Terms
restricted stock units (RSUs), vests in full, annual meeting of stockholders, settled in shares, +1 more
5 terms
restricted stock units (RSUs) financial
"Represents an award of restricted stock units (RSUs), which vests in full on the one-year anniversary of the grant date"
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
vests in full financial
"which vests in full on the one-year anniversary of the grant date"
annual meeting of stockholders regulatory
"the Issuer's next annual meeting of stockholders following the grant date"
rounding correction financial
"The reported balance was adjusted by two shares due to a rounding correction"
FAQ
What insider transaction did Virgin Galactic (SPCE) report for Tina W. Jonas?
Virgin Galactic reported that director Tina W. Jonas received an award of 21,816 restricted stock units of common stock. These RSUs represent a form of equity compensation and increase her direct holdings to a reported 71,993 shares after the grant and a rounding correction.
When do Tina W. Jonas’s new Virgin Galactic (SPCE) RSUs vest?
The 21,816 restricted stock units granted to Tina W. Jonas vest in full on the one-year anniversary of the grant date. If the company’s next annual stockholders’ meeting occurs earlier and she does not stand for re-election, the RSUs instead vest on that meeting date.
How will Tina W. Jonas’s Virgin Galactic (SPCE) RSUs be settled upon vesting?
Upon vesting, Tina W. Jonas’s restricted stock units will be settled in shares of Virgin Galactic common stock. This means each vested RSU converts into one share, delivering actual stock rather than cash, aligning her compensation with the company’s equity performance.