NCR Voyix (VYX) director Kirk Larsen awarded 26,573 RSUs in deferred stock grant
Rhea-AI Filing Summary
LARSEN KIRK T reported acquisition or exercise transactions in this Form 4 filing.
NCR Voyix Corp director Kirk T. Larsen received an equity grant as part of his board compensation. He was awarded 26,573 restricted stock units (RSUs) of common stock at no cash cost, increasing his directly held position reported in this filing to 93,081 shares-equivalent.
The RSUs were issued under the company’s non-employee Director Compensation Program and will vest on the first anniversary of the grant date, as long as he continues serving as a director. Larsen has elected to defer delivery of the underlying NCR Voyix common shares until after his board service ends, turning this into a long-term, deferred equity award rather than immediate stock ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 26,573 shares
Net Buy
1 txn
Insider
LARSEN KIRK T
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 26,573 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 93,081 shares (Direct)
Footnotes (1)
- F1. Reflects a grant of restricted stock units ("RSUs") pursuant to the Issuer's non-employee director compensation program ("Director Compensation Program"). The RSUs will vest on the first anniversary of the grant date, subject to the reporting person's continued service as a director. The reporting person elected to defer receipt of the Issuer's common stock underlying the RSUs in accordance with the terms of the Director Compensation Program. The reporting person will receive the Issuer's common stock following the termination of the reporting person's service as a director.
Key Figures
RSU grant size: 26,573 RSUs
Transaction price per RSU: $0.0000 per unit
Shares following transaction: 93,081 shares-equivalent
+1 more
4 metrics
RSU grant size
26,573 RSUs
Non-employee director equity award on grant date
Transaction price per RSU
$0.0000 per unit
Indicates compensation grant, not market purchase
Shares following transaction
93,081 shares-equivalent
Beneficial ownership after RSU award
Vesting schedule
1-year vesting
RSUs vest on first anniversary of grant date
Key Terms
restricted stock units, RSUs, non-employee director compensation program, defer receipt, +1 more
5 terms
restricted stock units financial
"Reflects a grant of restricted stock units ("RSUs") pursuant to the Issuer's non-employee director compensation program"
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.
RSUs financial
"The RSUs will vest on the first anniversary of the grant date, subject to the reporting person's continued service"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
non-employee director compensation program financial
"pursuant to the Issuer's non-employee director compensation program ("Director Compensation Program")"
defer receipt financial
"The reporting person elected to defer receipt of the Issuer's common stock underlying the RSUs"
termination of the reporting person's service financial
"The reporting person will receive the Issuer's common stock following the termination of the reporting person's service as a director."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did NCR Voyix (VYX) director Kirk T. Larsen acquire in this Form 4?
Kirk T. Larsen received 26,573 restricted stock units (RSUs) of NCR Voyix common stock as a board compensation grant. The award carries no purchase price and represents additional equity exposure tied to his ongoing service as a director.
When do Kirk T. Larsen’s NCR Voyix (VYX) RSUs vest?
The 26,573 RSUs granted to Larsen vest on the first anniversary of the grant date, provided he continues serving as a director. Vesting ties the award to ongoing board service, aligning his compensation with his tenure on the NCR Voyix board.
Did Kirk T. Larsen pay anything for the NCR Voyix (VYX) RSU grant?
No, the Form 4 shows a transaction price per share of $0.0000 for the RSU grant. This indicates the award is part of his non-employee director compensation, not an open-market stock purchase requiring cash outlay from Larsen.
What is the NCR Voyix (VYX) non-employee Director Compensation Program mentioned in the Form 4?
The Director Compensation Program governs equity awards like Larsen’s RSU grant to non-employee directors. It specifies grant terms, vesting on the first anniversary of the grant date, and allows directors to defer share delivery until after their board service concludes.