Virgin Galactic (SPCE) director Wanda Sigur granted 21,816 RSUs in equity award
Rhea-AI Filing Summary
Sigur Wanda A reported acquisition or exercise transactions in this Form 4 filing.
Virgin Galactic Holdings, Inc. director Wanda A. Sigur reported a compensation-related equity award. She received 21,816 shares of common stock in the form of restricted stock units (RSUs) at no cash cost, increasing her direct holdings to 72,082 shares after the transaction.
The RSUs vest in full on the one-year anniversary of the grant date, or earlier on the date of the company’s next annual meeting of stockholders if that meeting occurs before the one-year mark and she does not stand for re-election. Upon vesting, the RSUs will be settled in shares of common stock. The reported share balance was also adjusted by two shares due to a rounding correction.
Positive
- None.
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Insights
Routine director RSU grant with time-based vesting and no cash outlay.
Director Wanda A. Sigur received 21,816 restricted stock units as part of her board compensation, with a reported value reflected by a zero exercise price. This is a standard equity award rather than an open-market purchase or sale, and therefore carries weak signaling value.
The RSUs vest after one year, or on the next annual meeting date if earlier and she does not stand for re-election, aligning compensation with continued board service. After this grant, she holds 72,082 shares directly, indicating the award is modest relative to a pre-existing position. The filing notes a two-share rounding correction, underscoring that some reported changes can be purely administrative.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 21,816 | $0.00 | -- |
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.