Director at Virgin Galactic (NYSE: SPCE) awarded 21,816 RSUs
Filing Impact
Filing Sentiment
Form Type
4
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
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Arcangeli Henio R Jr
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 21,816 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 71,997 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSUs granted: 21,816 units
Grant price: $0.0000 per share
Shares held after grant: 71,997 shares
+1 more
4 metrics
RSUs granted
21,816 units
Award of restricted stock units to director
Grant price
$0.0000 per share
Reported price per share for RSU award
Shares held after grant
71,997 shares
Director’s direct common stock ownership after transaction
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, settled in shares
4 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
"which vests in full on the one-year anniversary of the grant date"
annual meeting of stockholders regulatory
"the Issuer's next annual meeting of stockholders following the grant date"
FAQ
What insider transaction did Virgin Galactic (SPCE) disclose for Henio R. Arcangeli Jr.?
Virgin Galactic disclosed that director Henio R. Arcangeli Jr. received 21,816 restricted stock units (RSUs) of common stock as a grant. This is a stock-based compensation award rather than an open-market purchase or sale of existing shares.
When do the 21,816 RSUs granted to the Virgin Galactic (SPCE) director vest?
The 21,816 RSUs vest in full on the one-year anniversary of the grant date. If the next annual meeting of stockholders occurs earlier and he is not standing for re-election, the RSUs instead vest on that annual meeting date.
How will the RSUs granted to the Virgin Galactic (SPCE) director be settled?
The RSUs granted to the director will be settled in shares of Virgin Galactic’s common stock upon vesting. This means that once the vesting conditions are met, he will receive actual common shares corresponding to the 21,816 restricted stock units.
Is the Virgin Galactic (SPCE) director’s RSU grant an open-market stock purchase?
No, the director’s RSU grant is not an open-market purchase. It is a compensation award reported with transaction code “A,” representing a grant or award acquisition with a price per share of $0.0000, rather than a cash-funded market transaction.