Director at NCR Voyix (VYX) receives 26,573 RSUs in equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Reddy Kevin Michael reported acquisition or exercise transactions in this Form 4 filing.
NCR Voyix Corp director Kevin Michael Reddy received an equity award in the form of restricted stock units. He was granted 26,573 shares of Common Stock at no purchase price as a compensation-related award, increasing his direct holdings to 68,728 shares after the transaction. The RSUs vest on the first anniversary of the grant date, as long as he continues serving as a director. Reddy elected to defer receipt of the underlying common stock until after his service on the board ends.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Reddy Kevin Michael
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 26,573 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 68,728 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 26,573 shares
Grant price: $0.00 per share
Post-transaction holdings: 68,728 shares
+1 more
4 metrics
RSU grant size
26,573 shares
Restricted stock units granted to director on transaction date
Grant price
$0.00 per share
RSU award under Director Compensation Program
Post-transaction holdings
68,728 shares
Total Common Stock directly owned after RSU grant
Vesting schedule
1-year cliff
RSUs vest on first anniversary of grant date
Key Terms
restricted stock units ("RSUs"), non-employee director compensation program, Director Compensation Program, defer receipt
4 terms
restricted stock units ("RSUs") financial
"Reflects a grant of restricted stock units ("RSUs") pursuant to the Issuer's non-employee director compensation program"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
non-employee director compensation program financial
"pursuant to the Issuer's non-employee director compensation program ("Director Compensation Program")"
Director Compensation Program financial
"The RSUs will vest ... in accordance with the terms of the Director Compensation Program"
defer receipt financial
"The reporting person elected to defer receipt of the Issuer's common stock underlying the RSUs"
FAQ
What insider transaction did NCR Voyix (VYX) report for Kevin Michael Reddy?
NCR Voyix reported that director Kevin Michael Reddy received a grant of 26,573 restricted stock units. The award is a compensation-related acquisition of Common Stock, rather than an open-market purchase, and was recorded at a price of $0.00 per share.
What are the vesting terms of Kevin Michael Reddy’s RSU grant at NCR Voyix (VYX)?
The 26,573 restricted stock units granted to Kevin Michael Reddy vest on the first anniversary of the grant date. Vesting is conditioned on his continued service as a director under the company’s non-employee Director Compensation Program during that period.
Did Kevin Michael Reddy defer his NCR Voyix (VYX) RSU award?
Yes. Kevin Michael Reddy elected to defer receipt of the NCR Voyix common stock underlying the RSUs. Under the Director Compensation Program, he will receive the actual shares only after his service as a director has terminated, rather than at the vesting date.
Was the NCR Voyix (VYX) RSU grant to Kevin Michael Reddy an open-market purchase?
No. The transaction was coded as a grant or award acquisition at a $0.00 price per share. It represents restricted stock units granted under the non-employee director compensation program, not an open-market purchase of NCR Voyix shares by the director.