7,224-share RSU award to Varonis (VRNS) board director Kess
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kess Avrohom J. reported acquisition or exercise transactions in this Form 4 filing.
Varonis Systems director Avrohom J. Kess received a grant of 7,224 restricted stock units as equity compensation. The award was granted at no cash cost on April 30, 2026. These restricted stock units will vest, and be settled in an equal number of common shares, on May 31, 2027.
Following this grant, Kess holds 56,627 shares of Varonis common stock directly. The transaction is a stock-based compensation award rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kess Avrohom J.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.001 per share | 7,224 | $0.00 | -- |
Holdings After Transaction:
Common Stock, par value $0.001 per share — 56,627 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 7,224 units
Grant price: $0.0000 per share
Post-grant holdings: 56,627 shares
+1 more
4 metrics
RSU grant size
7,224 units
Restricted stock units granted April 30, 2026
Grant price
$0.0000 per share
Equity award granted at no cash cost
Post-grant holdings
56,627 shares
Total Varonis common stock held directly after transaction
Vesting date
May 31, 2027
Date when RSUs vest and shares are deliverable
Key Terms
restricted stock units, vest, grant, award, or other acquisition
3 terms
restricted stock units financial
"Represents restricted stock units granted to the reporting person on April 30, 2026."
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.
vest financial
"Such restricted stock units will vest, and an equal number of shares of common stock will be deliverable"
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.
grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
FAQ
What did Varonis Systems (VRNS) director Avrohom J. Kess report on this Form 4?
Director Avrohom J. Kess reported receiving 7,224 restricted stock units as an equity award. The units were granted at no cash cost and represent a stock-based compensation grant rather than an open-market transaction in Varonis Systems common shares.
When do the 7,224 restricted stock units granted to the Varonis (VRNS) director vest?
The 7,224 restricted stock units granted to the Varonis director vest on May 31, 2027. On that date, an equal number of Varonis common shares will be delivered to the reporting person, assuming the vesting conditions for the award are satisfied.
Was cash paid for the 7,224 restricted stock units reported by Varonis (VRNS) director Kess?
No cash was paid for the 7,224 restricted stock units. The Form 4 shows a transaction price per share of $0.0000, indicating the award was granted as equity compensation rather than purchased in the open market by the Varonis Systems director.
What does transaction code "A" mean in the Varonis (VRNS) Form 4 for Avrohom J. Kess?
Transaction code “A” on the Form 4 indicates a grant, award, or other acquisition of securities. In this Varonis Systems filing, it reflects the issuance of 7,224 restricted stock units to director Avrohom J. Kess as part of his stock-based compensation.