Vera Bradley (VRA) CFO granted 414,439 restricted stock units in Form 4/A
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Vera Bradley, Inc. Chief Financial Officer Layding Martin reported an amended insider transaction reflecting a compensation-related equity grant. The filing shows an acquisition of 414,439 shares of common stock through a grant of restricted stock units at a price of $0 per share, with 414,439 shares held directly after the transaction.
The amendment clarifies that a prior Form 4 incorrectly reported a price for this grant; the correct price for the restricted stock units, which are subject to vesting and forfeiture conditions, is $0.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Layding Martin
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 414,439 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 414,439 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 414,439 shares
Grant price: $0 per share
Holdings after transaction: 414,439 shares
+1 more
4 metrics
RSU grant size
414,439 shares
Restricted stock unit grant of common stock
Grant price
$0 per share
Corrected price for RSU grant
Holdings after transaction
414,439 shares
Direct ownership following grant
Form type
Form 4/A
Amended insider transaction report
Key Terms
restricted stock units, vesting and forfeiture, Form 4, amendment, +1 more
5 terms
restricted stock units financial
"a grant of restricted stock units subject to vesting and forfeiture"
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.
vesting and forfeiture financial
"grant of restricted stock units subject to vesting and forfeiture"
Form 4 regulatory
"the reporting person filed a Form 4 which inadvertently reported a price"
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.
amendment regulatory
"In fact, as reported in this amendment, the price should be $0"
An amendment is a formal change or addition to an existing legal, regulatory, or corporate document, such as a contract, prospectus, regulatory filing, or company charter. It matters to investors because amendments can alter rights, deadlines, obligations, or risk profiles tied to an investment; think of it like editing a recipe—changing an ingredient or cooking time can significantly affect the final result.
grant, award, or other acquisition financial
"transaction code description: Grant, award, or other acquisition"
FAQ
What insider transaction did Vera Bradley (VRA) disclose in this Form 4/A?
Vera Bradley’s Chief Financial Officer Layding Martin reported receiving 414,439 shares of common stock via a grant of restricted stock units. The award is compensation-related and recorded at a price of $0 per share, with all 414,439 shares held directly following the transaction.
Why did Vera Bradley (VRA) file an amended Form 4/A for its CFO?
The company filed an amended Form 4 to correct an error in a prior filing that showed an incorrect price for a restricted stock unit grant. The amendment clarifies that the correct price for the grant is $0, reflecting a standard equity award structure.
What type of equity did Vera Bradley (VRA) grant to its CFO in this filing?
The filing describes a grant of restricted stock units that convert into shares of common stock. These awards are subject to vesting and forfeiture conditions and are recorded at $0 per share, indicating they were received as part of compensation rather than purchased in the market.
Does the Vera Bradley (VRA) Form 4/A indicate a market purchase or sale by the CFO?
No, the Form 4/A reflects a grant or award acquisition, not a market trade. The 414,439 shares were received through restricted stock units at $0 per share, indicating a compensation grant rather than an open-market buy or sell transaction by the Chief Financial Officer.