Teads (NASDAQ: TEAD) CFO receives 120,000-share RSU award with four-year vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kiviat Jason reported acquisition or exercise transactions in this Form 4 filing.
Teads Holding Co. reported that Chief Financial Officer Jason Kiviat received a grant of 120,000 shares of common stock in the form of restricted stock units under the company’s 2007 Omnibus Securities and Incentive Plan. These awards were granted at no cash cost to him as compensation.
The restricted stock units vest over four years: one-eighth of the award vests on June 5, 2026, and one-sixteenth vests on September 5, 2026 and on each quarterly anniversary thereafter, tying the award to continued service. After this grant, Kiviat directly holds 340,381 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kiviat Jason
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 120,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 340,381 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 120,000 shares
Grant price per share: $0.0000 per share
Shares held after grant: 340,381 shares
+2 more
5 metrics
RSU grant size
120,000 shares
Restricted stock units of common stock granted to CFO
Grant price per share
$0.0000 per share
Compensation award, no cash paid by CFO
Shares held after grant
340,381 shares
CFO direct common stock holdings following the RSU grant
Initial vesting date
June 5, 2026
One-eighth of RSU award vests on this date
Subsequent vesting start
September 5, 2026
One-sixteenth vests on this date and each quarterly anniversary
Key Terms
Restricted stock units, 2007 Omnibus Securities and Incentive Plan, vest in increments over four years, quarterly anniversary, +1 more
5 terms
Restricted stock units financial
"Restricted stock units granted pursuant to the Issuer's 2007 Omnibus Securities and Incentive Plan"
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.
2007 Omnibus Securities and Incentive Plan financial
"granted pursuant to the Issuer's 2007 Omnibus Securities and Incentive Plan which vest in increments over four years"
vest in increments over four years financial
"which vest in increments over four years as follows: one-eighth of such awards shall vest"
quarterly anniversary financial
"one-sixteenth of such awards shall vest on September 5, 2026, and each quarterly anniversary thereafter"
A quarterly anniversary marks the date that occurs every three months after a specific event, such as an investment or a business milestone. It is similar to a birthday that repeats four times a year, helping investors track the timing of important updates or changes. Recognizing these anniversaries allows investors to stay informed about progress and make timely decisions.
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
What did Teads (TEAD) CFO Jason Kiviat report in this Form 4?
CFO Jason Kiviat reported receiving 120,000 restricted stock units of Teads common stock as a compensation grant. The award was issued at no cash cost and is structured to vest over time, aligning his interests with long-term company performance and retention.
What is the vesting schedule for Jason Kiviat’s 120,000 Teads RSUs?
The 120,000 restricted stock units vest over four years. One-eighth vests on June 5, 2026, then one-sixteenth vests on September 5, 2026, and on each quarterly anniversary thereafter. This gradual vesting encourages ongoing employment and long-term alignment with shareholders.
Was Jason Kiviat’s Teads stock grant an open-market purchase or sale?
The transaction was a grant of restricted stock units, not an open-market trade. It is classified as an acquisition under code A, meaning the shares were awarded as compensation rather than bought or sold on the market for cash consideration.
Under which plan were the Teads (TEAD) RSUs granted to the CFO?
The restricted stock units were granted under Teads’ 2007 Omnibus Securities and Incentive Plan. This plan authorizes equity-based awards like RSUs to executives and employees, helping the company use stock-based compensation to attract, retain, and incentivize key personnel.
Does this Teads Form 4 indicate any derivative or option exercises by the CFO?
No derivative or option exercises are reported in this Form 4. The filing shows only a single non-derivative transaction: a grant of 120,000 restricted stock units of common stock, with no associated exercise price and no remaining derivative positions listed in the derivative summary.