Velo3D (VELO) director Mei Lily receives initial grant of 7,843 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Mei Lily reported acquisition or exercise transactions in this Form 4 filing.
Velo3D, Inc. director Mei Lily received a grant of 7,843 restricted stock units as equity compensation. Each RSU represents a contingent right to receive one share of Velo3D common stock under the company’s 2021 Equity Incentive Plan. The initial award was granted after she joined the Board and will vest on the first anniversary of the grant date, as long as she continues serving as a director through that vesting date. The Compensation Committee may choose to settle vested RSUs in cash, shares, or a combination of both.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Mei Lily
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 7,843 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit — 7,843 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock of Velo3D, Inc. (the "Company"), granted under the Company's 2021 Equity Incentive Plan. The Compensation Committee (the "Committee") of the Board of Directors of the Company, in its sole discretion, may settle earned RSUs in cash, shares of common stock of the Company, or a combination of both. Initial RSU award after joining the Board, which vests on the first anniversary of the grant date, provided such director continues to serve as a director through the vesting date.
Key Figures
RSUs granted: 7,843 units
Underlying common shares: 7,843 shares
Vesting period: 1 year
3 metrics
RSUs granted
7,843 units
Initial RSU award to director Mei Lily
Underlying common shares
7,843 shares
Each RSU equals one share of common stock
Vesting period
1 year
Vests on first anniversary of grant date
Key Terms
Restricted Stock Unit, 2021 Equity Incentive Plan, Compensation Committee, vests on the first anniversary of the grant date
4 terms
Restricted Stock Unit financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
2021 Equity Incentive Plan financial
"granted under the Company's 2021 Equity Incentive Plan"
Compensation Committee financial
"The Compensation Committee (the "Committee") of the Board of Directors"
A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.
vests on the first anniversary of the grant date financial
"Initial RSU award after joining the Board, which vests on the first anniversary of the grant date"
FAQ
What insider transaction did Velo3D (VELO) report for director Mei Lily?
Velo3D reported that director Mei Lily received a grant of 7,843 restricted stock units. These RSUs are equity compensation tied to continued Board service and are settled under the company’s 2021 Equity Incentive Plan, subject to vesting conditions.
How many restricted stock units did Mei Lily receive from Velo3D (VELO)?
Mei Lily received 7,843 restricted stock units from Velo3D. Each RSU represents a contingent right to receive one share of common stock, subject to vesting and settlement terms defined in the company’s 2021 Equity Incentive Plan and the grant agreement.
When do Mei Lily’s Velo3D (VELO) RSUs vest?
The initial RSU award to Mei Lily vests on the first anniversary of the grant date. Vesting requires that she continue to serve as a director of Velo3D through that vesting date, aligning the award with ongoing Board service.
How can Velo3D (VELO) settle Mei Lily’s restricted stock units?
Velo3D’s Compensation Committee may settle Mei Lily’s earned RSUs in cash, shares of common stock, or a combination of both. This flexibility is granted under the company’s 2021 Equity Incentive Plan and is determined at the Committee’s sole discretion.
What does each Velo3D (VELO) RSU granted to Mei Lily represent?
Each RSU granted to Mei Lily represents a contingent right to receive one share of Velo3D common stock. The award was granted under the 2021 Equity Incentive Plan and depends on vesting conditions and the Compensation Committee’s settlement choice.