Waystar (WAY) chair John Driscoll receives 9,303 RSUs in equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Waystar Holding Corp. director and chairperson John Patrick Driscoll received an equity award of 9,303 shares of Common Stock in the form of restricted stock units. These RSUs vest on the earlier of June 1, 2027 or the first regularly scheduled annual stockholder meeting after the grant date.
Each RSU converts into one share of Common Stock upon settlement. After this award, Driscoll directly holds 100,060 shares of Common Stock, including unvested RSUs. The transaction reflects a compensation-related grant rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
DRISCOLL JOHN PATRICK
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 9,303 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 100,060 shares (Direct, null)
Footnotes (1)
- Reflects a grant of restricted stock units ("RSUs") which vest on the earlier of (i) June 1, 2027 and (ii) the first regularly scheduled annual meeting of the stockholders following the grant date. Each RSU represents a contingent right to receive one share of Common Stock upon settlement. Includes unvested RSUs.
Key Figures
RSU grant size: 9,303 shares
Post-transaction holdings: 100,060 shares
Grant price per share: $0.00 per share
+2 more
5 metrics
RSU grant size
9,303 shares
Restricted stock units awarded to John Patrick Driscoll
Post-transaction holdings
100,060 shares
Direct Common Stock holdings including unvested RSUs after grant
Grant price per share
$0.00 per share
Equity award with no cash paid by reporting person
RSU-to-share ratio
1 RSU : 1 share
Each RSU converts into one share of Common Stock upon settlement
Latest vesting date
June 1, 2027
RSUs vest on the earlier of this date or next annual meeting
Key Terms
restricted stock units ("RSUs"), vest, contingent right, unvested RSUs
4 terms
restricted stock units ("RSUs") financial
"Reflects a grant of restricted stock units ("RSUs") which vest on the earlier of"
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.
vest financial
"RSUs which vest on the earlier of (i) June 1, 2027 and (ii) the first regularly scheduled annual meeting"
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.
contingent right financial
"Each RSU represents a contingent right to receive one share of Common Stock upon settlement"
unvested RSUs financial
"Includes unvested RSUs."
FAQ
What did Waystar (WAY) director John Patrick Driscoll report in this Form 4?
John Patrick Driscoll reported receiving 9,303 restricted stock units as an equity award. These units are a form of compensation and will convert into Common Stock upon vesting, increasing his direct equity stake in Waystar over time.
When do John Patrick Driscoll’s newly granted Waystar (WAY) RSUs vest?
The 9,303 restricted stock units vest on the earlier of June 1, 2027 or the first regularly scheduled annual stockholder meeting after the grant date. Vesting must occur before the RSUs convert into Common Stock for Driscoll.
Is John Patrick Driscoll’s Waystar (WAY) Form 4 transaction a market purchase or sale?
The Form 4 shows a compensation-related grant, not a market trade. Driscoll received 9,303 restricted stock units at no cash cost, so there was no open-market buying or selling activity in this reported transaction.
What does each restricted stock unit (RSU) reported for Waystar (WAY) represent?
Each restricted stock unit represents a contingent right to receive one share of Waystar Common Stock upon settlement. The RSUs must first vest, based on the time or event conditions disclosed, before converting into actual shares.