7,066 RSUs granted to Vitesse Energy (NYSE: VTS) director Randy Stein
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
STEIN RANDY I reported acquisition or exercise transactions in this Form 4 filing.
Vitesse Energy, Inc. director Randy I. Stein reported an award of 7,066 shares of common stock on a Form 4. These are unvested restricted stock units, each representing a right to receive one share of common stock at no purchase price.
Following the grant, Stein holds 26,855 shares of common stock directly. The restricted stock units vest on the earlier of the first anniversary of the grant date or the company’s 2027 Annual Meeting of Stockholders, subject to continued service through the vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
STEIN RANDY I
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 7,066 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 26,855 shares (Direct, null)
Footnotes (1)
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Key Figures
Restricted stock units granted: 7,066 shares
Holdings after transaction: 26,855 shares
Grant price per share: $0.0000 per share
+1 more
4 metrics
Restricted stock units granted
7,066 shares
Grant of unvested RSUs to director Randy I. Stein
Holdings after transaction
26,855 shares
Total common stock held directly following the award
Grant price per share
$0.0000 per share
Reported transaction price for awarded RSUs
Vesting trigger
First anniversary or 2027 meeting
Vests on earlier of grant’s first anniversary or 2027 Annual Meeting, subject to service
Key Terms
restricted stock units, vest, Annual Meeting of Stockholders
3 terms
restricted stock units financial
"Represents unvested restricted stock units, each of which represents a contingent right to receive one share"
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
"The restricted stock units will vest on the earlier of the first anniversary of the date of grant"
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 financial
"the date of the Company's 2027 Annual Meeting of Stockholders, subject to continued service"
FAQ
What did Vitesse Energy (VTS) director Randy Stein report on this Form 4?
Randy I. Stein reported receiving 7,066 restricted stock units of Vitesse Energy common stock. These units are a share-based compensation award and do not involve a cash purchase, reflecting additional equity granted in his role as a director.
What are the vesting terms of Randy Stein’s 7,066 Vitesse Energy restricted stock units?
The 7,066 restricted stock units vest on the earlier of the first anniversary of the grant date or Vitesse Energy’s 2027 Annual Meeting of Stockholders. Vesting is conditioned on Stein’s continued service with the company through the applicable vesting date.
Does Randy Stein pay anything for the 7,066 Vitesse Energy restricted stock units?
The reported transaction lists a price per share of 0.0000, indicating no cash purchase for these units. They are a share-based compensation grant, each representing a contingent right to receive one share of common stock if vesting conditions are satisfied.
Are Randy Stein’s new Vitesse Energy restricted stock units a market purchase or sale?
The filing classifies the transaction under code A as a grant, award, or other acquisition. This means the 7,066 restricted stock units are a compensation award, not an open-market buy or sell transaction, and therefore do not reflect trading activity in the market.