Virgin Galactic (SPCE) director receives 21,816-share RSU equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Strandberg Diana S. reported acquisition or exercise transactions in this Form 4 filing.
Virgin Galactic Holdings director Diana S. Strandberg received an equity grant of 21,816 shares of common stock in the form of restricted stock units (RSUs). The RSUs were awarded at no cash cost and will vest in full on the one-year anniversary of the grant date, or on the next annual meeting date if that meeting occurs earlier and she does not stand for re-election. After this grant, Strandberg directly holds 92,746 shares of Virgin Galactic common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Strandberg Diana S.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 21,816 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 92,746 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 21,816 shares
Grant price: $0.00 per share
Post-grant holdings: 92,746 shares
+1 more
4 metrics
RSU grant size
21,816 shares
Restricted stock units awarded to director on June 11, 2026
Grant price
$0.00 per share
Compensation award, no purchase price paid
Post-grant holdings
92,746 shares
Total common stock directly held after the RSU grant
Vesting schedule
1-year or next annual meeting
RSUs vest on one-year anniversary or earlier annual meeting date
Key Terms
restricted stock units (RSUs), vests in full, annual meeting of stockholders
3 terms
restricted stock units (RSUs) financial
"Represents an award of restricted stock units (RSUs), which vests in full"
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
"restricted stock units (RSUs), which vests in full on the one-year anniversary"
annual meeting of stockholders financial
"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"
FAQ
What insider transaction did Virgin Galactic (SPCE) report for Diana S. Strandberg?
Virgin Galactic reported that director Diana S. Strandberg received a grant of 21,816 restricted stock units. These RSUs are a stock-based compensation award, not an open-market purchase, and will convert into common shares upon vesting according to the disclosed schedule.
How do Diana S. Strandberg’s Virgin Galactic RSUs vest under this award?
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 she will not stand for re-election, the RSUs instead vest on that earlier annual meeting date, per the award terms.
Are Diana S. Strandberg’s Virgin Galactic RSUs settled in stock or cash?
The RSUs are settled in shares of Virgin Galactic’s common stock upon vesting. This means that once the vesting conditions are satisfied, Strandberg will receive actual common shares rather than cash, directly linking the award’s value to the company’s share price.
What does transaction code "A" mean in Diana S. Strandberg’s Virgin Galactic Form 4?
Transaction code "A" indicates a grant, award, or other acquisition of securities. In this case, it reflects a compensation-related award of 21,816 restricted stock units, which will convert into shares of Virgin Galactic common stock once the vesting requirements are satisfied.