Virgin Galactic (SPCE) awards 285,434 RSUs to CPO & EVP Chitale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Chitale Aparna reported acquisition or exercise transactions in this Form 4 filing.
Virgin Galactic Holdings, Inc. reported that CPO & EVP, Customer Operations Aparna Chitale received a grant of 285,434 restricted stock units (RSUs). These RSUs vest in three equal annual installments on each of the first three anniversaries of the grant date, subject to continued service. Each RSU may be settled in either common stock or cash at the company’s discretion, and following this award Chitale is reported as holding 285,434 RSUs directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Chitale Aparna
Role
CPO & EVP, Customer Operations
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 285,434 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 285,434 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Virgin Galactic (SPCE) report for Aparna Chitale?
Virgin Galactic reported a grant of 285,434 restricted stock units to CPO & EVP, Customer Operations Aparna Chitale. The award is compensation-related, not an open-market share purchase or sale, and represents her reported direct RSU holdings after the transaction.
How many restricted stock units were granted to the Virgin Galactic (SPCE) executive?
Aparna Chitale was granted 285,434 restricted stock units. These units represent a form of equity-based compensation that can convert into common stock or cash, aligning the executive’s interests with company performance over time through vesting.
What is the vesting schedule for the new Virgin Galactic (SPCE) RSU award?
The 285,434 RSUs vest in three equal annual installments. One-third of the units will vest on each of the first three anniversaries of the grant date, provided Aparna Chitale continues her service with Virgin Galactic through each applicable vesting date.
Can the Virgin Galactic (SPCE) RSUs be settled only in stock?
No, the RSUs may be settled in shares of Virgin Galactic common stock or, at the company’s discretion, in cash. This flexibility allows the company to choose how to deliver value when each portion of the RSU award vests.
How many Virgin Galactic (SPCE) RSUs does Aparna Chitale hold after this transaction?
After this grant, Aparna Chitale is reported as holding 285,434 restricted stock units directly. This figure reflects her RSU position following the award disclosed in the filing, and it ties her potential future compensation to Virgin Galactic’s performance.
Is the Virgin Galactic (SPCE) RSU grant an open-market buy or sell?
The RSU grant is not an open-market buy or sell; it is a compensation award. The Form 4 uses transaction code “A” for a grant or award, indicating acquisition of derivative securities as part of her executive compensation package rather than trading in the market.