Simpson Manufacturing (SSD) EVP Burton granted 1,515 RSUs in stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Simpson Manufacturing executive Phillip Burton, EVP for North America, reported an award of 1,515 shares of common stock on a Form 4. These were granted as restricted stock units (RSUs) at a price of $0 per share under the company’s 2011 Equity Incentive Plan.
Each RSU represents the right to receive one share of common stock, vesting in three equal annual installments beginning in February 2027. After this award, Burton beneficially owns 7,003 shares, which include 4,150 unvested RSUs, reflecting a mix of vested and future stock-based compensation.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Burton Phillip
Role
EVP, North America
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,515 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 7,003 shares (Direct)
Footnotes (1)
- Represents Restricted Stock Units (RSUs). Each RSU represents a right to receive, subject to the terms and conditions of the 2011 Equity Incentive Plan and an RSU Award Agreement, one share of the Company's common stock subject to vesting in three equal annual installments, beginning in February 2027. Includes 4,150 restricted stock units that have not yet vested.
FAQ
What did SSD executive Phillip Burton report on this Form 4?
Phillip Burton, EVP North America at Simpson Manufacturing (SSD), reported receiving 1,515 restricted stock units (RSUs) of common stock at $0 per share. These RSUs are part of his equity compensation under the company’s 2011 Equity Incentive Plan.
How do the new RSUs granted to SSD executive Phillip Burton vest?
The 1,515 RSUs granted to Phillip Burton vest in three equal annual installments, starting in February 2027. Each vested RSU converts into one share of Simpson Manufacturing common stock, aligning his compensation with longer-term company performance and retention.
Under which plan were Phillip Burton’s new SSD RSUs granted?
The 1,515 RSUs reported by Phillip Burton were granted under Simpson Manufacturing’s 2011 Equity Incentive Plan. The award is also governed by an RSU Award Agreement that outlines the vesting schedule and other standard terms and conditions.