Virgin Galactic director receives 21,816 RSUs
Kreeger Craig S reported acquisition or exercise transactions in this Form 4 filing.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Kreeger Craig S reported acquisition or exercise transactions in this Form 4 filing.
Virgin Galactic Holdings director Craig S. Kreeger received an equity award of 21,816 restricted stock units. The RSUs vest in full on the one-year anniversary of the grant date, or on the next annual stockholder meeting date if that occurs earlier and he does not stand for re-election. After this grant, he directly holds 73,448 shares of common stock, reflecting a one-share rounding correction.
Insider Trade Summary
Grant/Award: 21,816 shares
Grant/Award
1 txn
Insider
Kreeger Craig S
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 21,816 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 73,448 shares (Direct)
Footnotes (2)
- 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.
- F2. The reported balance was adjusted by one share due to a rounding correction.
Key Figures
RSU grant size: 21,816 shares
Grant price: $0.00 per share
Shares held after grant: 73,448 shares
+2 more
5 metrics
RSU grant size
21,816 shares
Restricted stock units awarded to Craig S. Kreeger
Grant price
$0.00 per share
Compensation-related RSU award, not a market purchase
Shares held after grant
73,448 shares
Direct holdings following the RSU award and rounding correction
Vesting schedule
One year from grant or next annual meeting
RSUs vest on one-year anniversary or earlier annual meeting if not standing for re-election
Rounding adjustment
1 share
Reported balance adjusted by one share due to rounding correction
Key Terms
restricted stock units (RSUs), annual meeting of stockholders, grant date, rounding correction
4 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.
annual meeting of stockholders financial
"if 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"
grant date financial
"which vests in full on the one-year anniversary of the grant date"
The grant date is the day a company formally gives an employee or contractor the right to receive stock-based compensation, such as stock options or restricted shares. It matters to investors because it fixes key terms—like the price, the start of the ownership clock, and when the award will affect the company’s financial statements and share count—so it can influence dilution, reported expenses, and potential future selling pressure.
rounding correction financial
"The reported balance was adjusted by one share due to a rounding correction."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Craig S. Kreeger report at Virgin Galactic (SPCE)?
Craig S. Kreeger reported receiving an award of 21,816 restricted stock units in Virgin Galactic common stock. This was a compensation-related grant at no purchase price and increased his direct holdings to 73,448 shares following the transaction, including a one-share rounding adjustment.
What are the vesting terms of Craig S. Kreeger’s RSU award at Virgin Galactic (SPCE)?
The 21,816 RSUs vest in full on the one-year anniversary of the grant date. If the next annual stockholder meeting occurs earlier and he will not stand for re-election, the RSUs instead vest on that meeting date, then settle in common shares upon vesting.
What does the rounding correction footnote mean in Craig S. Kreeger’s Virgin Galactic (SPCE) filing?
A footnote explains that the reported share balance was adjusted by one share due to a rounding correction. This small technical adjustment ensures the post-transaction holding figure of 73,448 shares accurately reflects Craig S. Kreeger’s direct ownership after the RSU grant.
AI-generated analysis. How Rhea-AI works. Not financial advice.
