Virgin Galactic director granted 21,816 RSUs
West W Gilbert reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
West W Gilbert reported acquisition or exercise transactions in this Form 4 filing.
Virgin Galactic Holdings director West W. Gilbert received an equity grant of 21,816 shares of common stock in the form of restricted stock units. The grant was awarded at no cash cost and increases his direct holdings to 71,950 shares after the transaction.
The RSUs vest in full on the one-year anniversary of the grant date, or on the date of the next annual stockholder meeting if that meeting occurs earlier and he does not stand for re-election. Upon vesting, the RSUs will be settled in shares of Virgin Galactic common stock. The reported balance also reflects a one-share rounding correction.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 21,816 | $0.00 | $0.00 |
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
Key Terms
restricted stock units (RSUs) financial
annual meeting of stockholders regulatory
vesting financial
rounding correction other
FAQ
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What insider transaction did Virgin Galactic (SPCE) report for West W. Gilbert?
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How will West W. Gilbert’s RSUs at Virgin Galactic (SPCE) be settled?
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