Unity Software (NYSE: U) director Keisha Smith awarded 10,226 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Smith Keisha reported acquisition or exercise transactions in this Form 4 filing.
Unity Software Inc. director Keisha Smith received a grant of 10,226 shares of common stock in the form of restricted stock units. These units vest in full on the earlier of the first anniversary of the grant date or the company’s next annual meeting of stockholders, subject to her continued service. Following this award, she holds 50,340 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Smith Keisha
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 10,226 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 50,340 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 10,226 shares
Post-transaction holdings: 50,340 shares
Grant price per share: $0.0000
+1 more
4 metrics
RSU grant size
10,226 shares
Restricted stock units granted to director Keisha Smith
Post-transaction holdings
50,340 shares
Total Unity common shares held directly after grant
Grant price per share
$0.0000
Equity award with no cash paid by reporting person
Vesting condition
Earlier of 1-year anniversary or next annual meeting
Subject to continued service as director
Key Terms
restricted stock units, vest in full, annual meeting of stockholders, continued service, +1 more
5 terms
restricted stock units financial
"Represents restricted stock units granted to the Reporting Person."
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.
vest in full financial
"The shares subject to this award vest in full on the earlier of"
annual meeting of stockholders financial
"the date of the Issuer's next annual meeting of stockholders"
continued service financial
"subject to the Reporting Person's continued service through such date"
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition"
FAQ
What insider transaction did Unity Software Inc. (U) report for Keisha Smith?
Unity reported that director Keisha Smith received 10,226 restricted stock units as a share-based award. These RSUs are a form of equity compensation and increase her direct holdings to 50,340 common shares after the grant.
Is Keisha Smith’s Unity (U) Form 4 transaction a stock purchase or a grant?
The Form 4 shows a grant, not an open-market purchase. Code “A” indicates 10,226 shares were awarded as restricted stock units with a zero dollar price, reflecting compensation rather than a cash investment in Unity shares.
How do Keisha Smith’s new restricted stock units at Unity (U) vest?
The 10,226 restricted stock units vest in full on the earlier of the first anniversary of the grant date or Unity’s next annual stockholder meeting, provided Keisha Smith continues serving as a director through that vesting date.
What does transaction code “A” mean in Unity (U) director Keisha Smith’s Form 4?
Transaction code “A” on the Form 4 indicates a grant, award, or other acquisition of shares. For Keisha Smith, it represents 10,226 restricted stock units granted as equity compensation rather than shares bought or sold on the open market.