ServiceTitan (TTAN) awards CAO 12,474 RSUs vesting from 2027
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
O'Connor Michele reported acquisition or exercise transactions in this Form 4 filing.
ServiceTitan, Inc. reported that Chief Accounting Officer Michele O'Connor received a grant of 12,474 restricted stock units (RSUs) of Class A Common Stock at no cash cost. The RSUs will vest quarterly in equal 1/16 increments, with the first vesting date on June 15, 2027, as long as she continues in service through each vesting date. Each RSU represents the right to receive one share of Class A Common Stock. Following this equity award, she directly holds 91,890.5 shares of Class A Common Stock. This is a compensation-related equity award, not an open-market stock purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
O'Connor Michele
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 12,474 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 91,890.5 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 12,474 RSUs
Vesting schedule: 1/16 quarterly
First vesting date: June 15, 2027
+2 more
5 metrics
RSU grant size
12,474 RSUs
Equity award to Chief Accounting Officer
Vesting schedule
1/16 quarterly
RSUs vest in equal quarterly installments
First vesting date
June 15, 2027
Initial 1/16 of RSUs vests on this date
Shares after transaction
91,890.5 shares
Class A Common Stock directly held after grant
Grant price per share
$0.00 per share
Compensation award, not open-market purchase
Key Terms
restricted stock units (RSUs), vesting, Class A Common Stock
3 terms
restricted stock units (RSUs) financial
"Represents an award of restricted stock units ("RSUs") that will vest quarterly"
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
vesting financial
"that will vest quarterly as to 1/16th of the total RSUs"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
Class A Common Stock financial
"Each RSU represents a contingent right to receive one share of the Issuer's 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.
FAQ
What insider transaction did ServiceTitan (TTAN) report for Michele O'Connor?
ServiceTitan reported that Chief Accounting Officer Michele O'Connor received a grant of 12,474 restricted stock units (RSUs) of Class A Common Stock. The award is compensation-related and was granted at no cash cost to her, rather than through an open-market purchase.
How do the new RSUs granted to ServiceTitan (TTAN) CAO vest?
The 12,474 RSUs granted to ServiceTitan’s Chief Accounting Officer vest quarterly in equal 1/16 installments. Vesting starts on June 15, 2027, and each vesting date requires her continued service. Over time, each vested RSU converts into one share of Class A Common Stock.
When does the first portion of Michele O'Connor’s ServiceTitan (TTAN) RSUs vest?
The first portion of Michele O'Connor’s RSU award is scheduled to vest on June 15, 2027. On that date, 1/16 of the total 12,474 RSUs will vest, assuming she remains in service, and the remaining units continue to vest quarterly thereafter on a similar schedule.
Is the ServiceTitan (TTAN) RSU award to Michele O'Connor an open-market stock purchase?
No, the RSU award is not an open-market stock purchase. It is a grant of restricted stock units provided as compensation, with a transaction price of $0.00 per share. The units vest over time and convert into shares as service-based vesting conditions are met.