TechTarget (TTGT) awards president 63K RSUs in equity grant
Rhea-AI Filing Summary
Morelli William Thomas reported acquisition or exercise transactions in this Form 4 filing.
TechTarget, Inc. reported that its President, William Thomas Morelli, received a grant of 63,219 Restricted Stock Units (RSUs). Each RSU represents a contingent right to receive one share of TechTarget common stock. The award vests in equal one-third annual tranches on each anniversary of the grant date, with shares delivered upon each vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Morelli William Thomas
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F1, F2 | 63,219 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 63,219 shares (Direct)
Footnotes (2)
- F1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of TechTarget, Inc.'s ("Informa TechTarget") Common Stock upon vesting.
- F2. The RSU grant vests in equal tranches, one-third per year on each anniversary of the grant date. Vested shares will be delivered to the Reporting Person on the applicable dates as set forth in the Reporting Person's award agreement with respect to each vesting tranche.
Key Figures
RSUs granted: 63,219 units
Underlying common shares: 63,219 shares
Transaction price per RSU: $0.0000 per unit
+2 more
5 metrics
RSUs granted
63,219 units
Restricted Stock Units granted to President William Thomas Morelli
Underlying common shares
63,219 shares
Each RSU represents one share of TechTarget common stock upon vesting
Transaction price per RSU
$0.0000 per unit
Reported price for the RSU compensation grant
Holdings after transaction
63,219 units
Total RSUs from this award reported following the transaction
Annual vesting fraction
One-third per year
RSU grant vests in equal one-third tranches on each anniversary of the grant date
Key Terms
Restricted Stock Units, contingent right, vesting tranche
3 terms
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share"
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.
contingent right financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share"
vesting tranche financial
"with respect to each vesting tranche"
FAQ
What did TechTarget (TTGT) President William Thomas Morelli report on this Form 4?
William Thomas Morelli reported receiving a grant of 63,219 Restricted Stock Units (RSUs) in TechTarget. These RSUs are a form of equity compensation that convert into common shares as they vest over time, aligning the President’s interests with shareholders.
How many TechTarget (TTGT) RSUs were granted to William Thomas Morelli?
William Thomas Morelli was granted 63,219 RSUs. After this award, his reported direct holdings in this RSU award total 63,219 underlying shares, subject to the vesting schedule described in the accompanying award agreement and footnotes.
What is the vesting schedule of William Thomas Morelli’s RSUs in TechTarget (TTGT)?
The RSU grant vests in equal one-third installments each year on the anniversary of the grant date. Vested shares are delivered to William Thomas Morelli on the applicable dates, as specified in his RSU award agreement for each vesting tranche.
What does each RSU granted to TechTarget (TTGT) President William Thomas Morelli represent?
Each RSU represents a contingent right to receive one share of TechTarget common stock upon vesting. The units do not represent shares until they vest and are settled, at which point common stock is delivered to the reporting person.
Was there a purchase price for William Thomas Morelli’s TechTarget (TTGT) RSU grant?
The RSUs were reported with a transaction price of $0.0000 per unit, consistent with a compensation grant. Value to the executive depends on TechTarget’s stock price when the RSUs vest and the underlying shares are delivered.
Is William Thomas Morelli’s RSU ownership in TechTarget (TTGT) direct or indirect?
The reported ownership of these 63,219 RSUs is direct. The filing lists the ownership code as “D” for direct, indicating the position is held directly by William Thomas Morelli rather than through an intermediary entity or trust.
AI-generated analysis. How Rhea-AI works. Not financial advice.