Upwork (UPWK) director Gary Steele awarded new RSU grants with 2027 vesting
Rhea-AI Filing Summary
Upwork, Inc. director Gary Steele reported two equity awards of common stock. On June 4, 2026, he acquired 20,880 RSUs and 6,207 RSUs as compensation at no purchase price. These are restricted stock units that convert into shares as they vest over time.
The 20,880 RSUs vest quarterly over four quarters, starting on September 30, 2026, with the final quarterly portion fully vesting on the earlier of the day before Upwork’s 2027 annual stockholder meeting or June 30, 2027, subject to his continued service. The 6,207 RSUs vest 100% on the earlier of the day before the 2027 annual meeting or June 4, 2027, also contingent on continued service. These are routine director compensation grants, not open‑market share purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 27,087 shares
Net Buy
2 txns
Insider
Steele Gary
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,207 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 20,880 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 112,216 shares (Direct)
Footnotes (2)
- F1. Represents an award of restricted stock units ("RSUs"). The RSUs vest quarterly over four quarters (with the first such vesting date occurring on September 30, 2026), subject to the continuing service of the Reporting Person on each vesting date; provided, however, that the final quarterly installment shall fully vest on the earlier of (a) the date immediately prior to the Issuer's 2027 annual meeting of stockholders and (b) June 30, 2027, in each case subject to the continuing service of the Reporting Person through such date.
- F2. Represents an award of RSUs. 100% of the total number of RSUs shall vest in full on the earlier of (a) the date immediately prior to the Issuer's 2027 annual meeting of stockholders and (b) June 4, 2027, in each case subject to the continuing service of the Reporting Person through such date.
Key Figures
RSU award 1: 20,880 RSUs
RSU award 2: 6,207 RSUs
Holdings after award line 1: 112,216 shares
+2 more
5 metrics
RSU award 1
20,880 RSUs
Restricted stock units granted June 4, 2026, quarterly vesting from September 30, 2026
RSU award 2
6,207 RSUs
Restricted stock units granted June 4, 2026, cliff vesting by 2027 annual meeting or June 4, 2027
Holdings after award line 1
112,216 shares
Total direct common stock holdings following first reported award
Holdings after award line 2
91,336 shares
Total direct common stock holdings following second reported award
Transaction code
Code A
Both transactions classified as grant, award, or other acquisition
Key Terms
restricted stock units ("RSUs"), vest, annual meeting of stockholders, Form 4
4 terms
restricted stock units ("RSUs") financial
"Represents an award of restricted stock units ("RSUs"). The RSUs vest quarterly over four quarters"
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 quarterly over four quarters (with the first such vesting date occurring on September 30, 2026)"
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 regulatory
"the date immediately prior to the Issuer's 2027 annual meeting of stockholders"
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Upwork (UPWK) director Gary Steele report in this Form 4 filing?
Gary Steele reported receiving two grants of restricted stock units (RSUs). On June 4, 2026, he was awarded 20,880 RSUs and 6,207 RSUs in Upwork common stock as director compensation, with future vesting based on his continued service.
How many Upwork (UPWK) RSUs were granted to Gary Steele and at what price?
Gary Steele received 20,880 RSUs and 6,207 RSUs at no purchase price. Both awards are structured as restricted stock units that convert into Upwork common shares if vesting conditions tied to his continued board service are satisfied over time.
What are the vesting terms of Gary Steele’s 20,880 RSU award at Upwork (UPWK)?
The 20,880 RSUs vest in four quarterly installments. Vesting begins September 30, 2026 and continues quarterly, with the final installment fully vesting by the earlier of the day before Upwork’s 2027 annual meeting or June 30, 2027, subject to continued service.
When do Gary Steele’s 6,207 Upwork (UPWK) RSUs vest?
The 6,207 RSUs vest 100% in a single future installment. All units vest on the earlier of the date immediately before Upwork’s 2027 annual stockholder meeting or June 4, 2027, provided Gary Steele continues to serve through that date.