Twilio (TWLO) CEO gets 70,100-share RSU grant with 3-year vest
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Shipchandler Khozema reported acquisition or exercise transactions in this Form 4 filing.
Twilio Inc. Chief Executive Officer Khozema Shipchandler reported an equity compensation award of 70,100 shares of Class A common stock in the form of Restricted Stock Units (RSUs). Each RSU represents the right to receive one share of Class A common stock at no purchase price.
The RSUs vest over three years, with 1/12 vesting on March 31, 2026 and an additional 1/12 vesting each quarter on June 30, September 30, December 31 and March 31 for the following 11 quarters, subject to his continued service. After this grant, he directly holds 263,881 shares, including RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Shipchandler Khozema
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 70,100 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 263,881 shares (Direct)
Footnotes (1)
- The shares reported in this transaction represent Restricted Stock Units ("RSUs"). Each RSU represents the contingent right to receive one share of the Issuer's Class A common stock. The RSUs vest as follows: 1/12 of the RSUs vest on March 31, 2026, and 1/12th of the RSUs vest each quarter thereafter on June 30, September 30, December 31 and March 31 for the next 11 quarters, subject to the Reporting Person's continued service to the Issuer through each vesting date. A portion of these shares represent RSUs. Each RSU represents a contingent right to receive one share of the Issuer's Class A common stock.
FAQ
What did Twilio (TWLO) CEO Khozema Shipchandler report in this Form 4?
Twilio CEO Khozema Shipchandler reported receiving 70,100 Restricted Stock Units (RSUs) of Class A common stock as an equity award. Each RSU represents the contingent right to receive one share of Twilio’s Class A common stock at no purchase price.
How many Twilio (TWLO) RSUs did the CEO receive and at what price?
The CEO received 70,100 RSUs of Twilio Class A common stock at a reported price of $0.00 per share. RSUs are a form of equity compensation that convert into shares over time as vesting conditions, typically continued service, are satisfied.
What is the vesting schedule for the 70,100 Twilio (TWLO) RSUs?
The 70,100 RSUs vest over twelve quarterly installments. One-twelfth vests on March 31, 2026, and one-twelfth vests each quarter thereafter on June 30, September 30, December 31 and March 31 for the next eleven quarters, contingent on continued service.
What does each Twilio (TWLO) RSU granted to the CEO represent?
Each RSU granted to the CEO represents a contingent right to receive one share of Twilio’s Class A common stock. The shares are delivered only as the RSUs vest over time, assuming the service-based vesting conditions are met on each scheduled vesting date.
Are the Twilio (TWLO) CEO’s new RSUs immediately exercisable or fully owned?
The RSUs are not immediately fully owned; they are subject to vesting. One-twelfth vests on March 31, 2026, and additional one-twelfth portions vest each quarter for eleven more quarters, provided the CEO continues to serve Twilio through each vesting date.