Sprout Social (SPT) director Steven Collins awarded 26,470 RSUs in equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Collins Steven A reported acquisition or exercise transactions in this Form 4 filing.
Sprout Social, Inc. director Steven A. Collins received an equity grant of 26,470 shares of Class A Common Stock in the form of restricted stock units. These RSUs were awarded at $0.00 per share as compensation rather than a market purchase.
The 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. After this award, Collins directly holds 127,253 shares of Class A Common Stock, including the newly granted RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Collins Steven A
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 26,470 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 127,253 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 26,470 shares
Grant price: $0.00 per share
Shares held after grant: 127,253 shares
3 metrics
RSUs granted
26,470 shares
Restricted stock units of Class A Common Stock granted to director
Grant price
$0.00 per share
Reported transaction price per share for RSU award
Shares held after grant
127,253 shares
Total direct Class A Common Stock holdings following RSU grant
Key Terms
restricted stock units, Class A Common Stock, vest, annual meeting of the Issuer's stockholders
4 terms
restricted stock units financial
"26,470 newly granted restricted stock units ("RSUs"), which will vest on the earlier of"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Class A Common Stock financial
"Each RSU represents the contingent right to receive one share of Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
vest financial
"RSUs, which will vest on the earlier of (i) the day immediately preceding"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
annual meeting of the Issuer's stockholders financial
"the first annual meeting of the Issuer's stockholders following the date of the grant"