Verb Technology insider grant: 14,803 RSUs to director with one-year vesting
Rhea-AI Filing Summary
Verb Technology Company, Inc. (VERB) reported a director-level equity award: the reporting person, Cary Nicolas Claude, acquired 14,803 restricted stock units (RSUs) under the company’s 2019 Stock Incentive Plan. The RSUs were granted as an acquisition at $0 per unit and are recorded as direct beneficial ownership. The award is time-based and vests on the one-year anniversary of the grant date.
This Form 4 discloses a routine director compensation grant rather than a sale or purchase for cash. The filing documents the increase in the director’s direct equity stake by 14,803 shares once the RSUs vest.
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Insights
TL;DR: A routine, time-based RSU grant of 14,803 shares to a director; appears to be standard equity compensation with one-year vesting.
The Form 4 shows a non-derivative equity award to a director, totaling 14,803 restricted stock units granted at no cash price and reported as direct beneficial ownership. The RSUs vest on the one-year anniversary of the grant and were issued under the 2019 Stock Incentive Plan as amended. As disclosed, this is an acquisition (transaction code A) rather than a sale, indicating the director received equity compensation rather than transacting in open-market shares.
TL;DR: Director received a standard time-based RSU award; disclosure aligns with Section 16 reporting requirements.
The filing identifies the reporting person as a director and documents an RSU grant under the company’s equity incentive plan, with vesting set for one year after the effective date. This is consistent with common governance practices for director compensation reporting. The Form 4 records direct beneficial ownership of 14,803 shares following the grant. No additional governance actions or changes in control are disclosed in this filing.