Virgin Galactic director granted 21,816 RSUs
Arcangeli Henio R Jr reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Arcangeli Henio R Jr reported acquisition or exercise transactions in this Form 4 filing.
Virgin Galactic Holdings director Henio R. Arcangeli Jr. received a grant of 21,816 restricted stock units (RSUs) of common stock as equity compensation. These RSUs vest in full on the one-year anniversary of the grant date, or on the date of the company’s next annual meeting of stockholders 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’s common stock. Following this award, Arcangeli directly holds 71,997 shares of common stock.
Positive
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 21,816 | $0.00 | $0.00 |
Footnotes (1)
- 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.
Key Figures
Key Terms
restricted stock units (RSUs) financial
vests in full financial
annual meeting of stockholders regulatory
FAQ
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What insider transaction did Virgin Galactic (SPCE) disclose for Henio R. Arcangeli Jr.?
When do the 21,816 RSUs granted to the Virgin Galactic (SPCE) director vest?
How will the RSUs granted to the Virgin Galactic (SPCE) director be settled?
Is the Virgin Galactic (SPCE) director’s RSU grant an open-market stock purchase?
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