Upwork (UPWK) director Claire Bramley receives 45,146 RSU equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BRAMLEY CLAIRE reported acquisition or exercise transactions in this Form 4 filing.
Upwork, Inc. director Claire Bramley received an equity award in the form of 45,146 restricted stock units (RSUs) of common stock. The RSUs vest in three equal installments: one-third on June 4, 2027, one-third on June 4, 2028, and the final third on the earlier of the date immediately prior to Upwork’s 2029 annual stockholders’ meeting or December 31, 2029, in each case conditioned on continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
BRAMLEY CLAIRE
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 45,146 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 45,146 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 45,146 RSUs
Transaction price per share: $0.00 per share
Holdings after transaction: 45,146 shares/RSUs
+3 more
6 metrics
RSU grant size
45,146 RSUs
Award of restricted stock units to director Claire Bramley
Transaction price per share
$0.00 per share
RSUs granted as compensation, not purchased in market
Holdings after transaction
45,146 shares/RSUs
Total direct position reported following the grant
First vesting date
June 4, 2027
One-third of RSUs vest on this date
Second vesting date
June 4, 2028
Second one-third of RSUs vest on this date
Final vesting trigger
Earlier of pre-2029 meeting or Dec 31, 2029
Final one-third of RSUs vest subject to this timing
Key Terms
restricted stock units ("RSUs"), vest, annual meeting of stockholders, continued service
4 terms
restricted stock units ("RSUs") financial
"Represents an award of restricted stock units ("RSUs")."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
vest financial
"The RSUs vest as to 1/3 of the total number of shares on each of June 4, 2027 and June 4, 2028"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
annual meeting of stockholders financial
"then 1/3 of the total number of shares vest on the earlier of (a) the date immediately prior to the Issuer's 2029 annual meeting of stockholders"
continued service financial
"in each case subject to continued service through each vesting date."
FAQ
What insider transaction did Upwork (UPWK) report for Claire Bramley?
Upwork reported that director Claire Bramley received a grant of 45,146 restricted stock units (RSUs) of common stock. These RSUs are part of her equity compensation and will vest over several years, subject to her continued service on the board.
What is the vesting schedule for Claire Bramley’s Upwork (UPWK) RSUs?
The RSUs vest in three equal parts: one-third on June 4, 2027, another third on June 4, 2028, and the last third on the earlier of immediately before Upwork’s 2029 annual stockholders’ meeting or December 31, 2029, assuming continued service.
Did Claire Bramley pay a purchase price for the Upwork (UPWK) RSUs?
The Form 4 lists the transaction price per share as $0.00, indicating the RSUs were granted as compensation rather than bought on the market. She receives actual shares only as the RSUs vest over time under the stated schedule.