Spire Global (SPIR) CEO Theresa Condor receives 301,120-share stock unit grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Condor Theresa reported acquisition or exercise transactions in this Form 4 filing.
Spire Global director and CEO Theresa Condor reported an equity award of 301,120 shares of Class A Common Stock in the form of restricted stock units. The grant was recorded at a price of $0.00 per share and increased her directly held shares to 1,158,293.
The restricted stock units vest over time: 25% of the total shares vest on February 20, 2027, with the remaining units vesting in 1/16th installments on a quarterly basis beginning May 20, 2027, subject to her continued service. The filing also shows 1,752,031 shares held indirectly through her spouse, with the couple sharing beneficial ownership of each other’s holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Condor Theresa
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 301,120 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 1,158,293 shares (Direct);
Class A Common Stock — 1,752,031 shares (Indirect, By Spouse)
Footnotes (1)
- Represents restricted stock units, which vests as follows: 25% of the total number of shares vests on February 20, 2027, and the remaining shares vest as to 1/16th installments on a quarterly basis, beginning on May 20, 2027, subject to the Reporting Person's continued service through each such vesting date. Theresa Condor and Peter Platzer, as husband and wife, share beneficial ownership of the securities held by each other.
FAQ
What insider transaction did SPIR CEO Theresa Condor report on this Form 4?
Theresa Condor reported an award of 301,120 restricted stock units tied to Class A Common Stock. The award was recorded at $0.00 per share and reflects a stock-based compensation grant rather than an open-market purchase.
How do the new restricted stock units for SPIR’s CEO vest over time?
The restricted stock units vest gradually. Twenty-five percent vest on February 20, 2027, and the remaining units vest in 1/16th installments on a quarterly basis starting May 20, 2027, contingent on Theresa Condor’s continued service.
Does the SPIR CEO’s Form 4 reflect an open-market stock purchase or sale?
The Form 4 does not report an open-market purchase or sale. Instead, it records a grant of 301,120 restricted stock units at $0.00 per share, categorized as a grant, award, or other acquisition transaction.