Sprout Social director granted 26,470 RSUs
Sprout Social, Inc. director Stanley William Thomas reported an acquisition of equity through a compensation grant.
Rhea-AI Filing Summary
Sprout Social, Inc. director Stanley William Thomas reported an acquisition of equity through a compensation grant. He received 26,470 restricted stock units (RSUs) of Class A Common Stock at no cash cost, increasing his directly held position to 50,117 shares/RSUs after the grant.
The footnote explains that these 26,470 newly granted RSUs will vest on the earlier of the day immediately preceding the first annual meeting of stockholders following the grant date or the first anniversary of the grant date. Each RSU converts into one share of Class A Common Stock when it vests and does not expire.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 26,470 | $0.00 | $0.00 |
Footnotes (1)
- F1. The total reported in column 5 includes: 26,470 newly granted restricted stock units ("RSUs"), which will vest on the earlier of (i) the day immediately preceding the date of the first annual meeting of the Issuer's stockholders following the date of the grant and (ii) the first anniversary of the date of grant. Each RSU represents the contingent right to receive one share of Class A Common Stock of the Issuer and does not expire.
Key Figures
Key Terms
restricted stock units ("RSUs") financial
Class A Common Stock financial
vest financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Sprout Social (SPT) disclose in this Form 4?
What are the vesting terms for the 26,470 Sprout Social (SPT) RSUs?
Does the Sprout Social (SPT) director pay cash for the 26,470 RSU grant?
What does each Sprout Social (SPT) RSU represent in this Form 4 filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.