GeneDx (WGS) president receives 35,441 restricted stock units in new equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GeneDx Holdings Corp.'s President, Mark A. Gardner, received a grant of 35,441 restricted stock units (RSUs) tied to the company’s Class A common stock. Each RSU converts into one share for no cash payment when it settles, making this a compensation award rather than a market purchase.
The award vests in stages, with 25% of the RSUs vesting each July 1, starting on July 1, 2027, as long as Gardner continues serving the company through each vesting date. After this grant, his reported derivative holdings from this award total 35,441 underlying shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
GARDNER MARK A
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 35,441 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit — 35,441 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive 1 share of the Issuer's Class A Common Stock upon settlement for no consideration. The award shall vest as to 25% of the total award annually each July 1, with the first tranche vesting on July 1, 2027, subject to the Reporting Person's continued service to the Issuer through each vesting date. These restricted stock units do not have an expiration date; they either vest or are cancelled prior to the vesting date.
Key Figures
RSUs granted: 35,441 units
Underlying shares: 35,441 shares
Vesting schedule: 25% annually
+2 more
5 metrics
RSUs granted
35,441 units
Restricted stock units awarded to President Mark A. Gardner
Underlying shares
35,441 shares
Class A common stock issuable upon RSU settlement
Vesting schedule
25% annually
Each July 1, starting July 1, 2027, subject to continued service
Exercise/settlement price
$0.00 per share
No consideration due on settlement of RSUs
Holdings from this award
35,441 units
Total derivative holdings following transaction from this RSU grant
Key Terms
Restricted Stock Unit, Class A Common Stock, vesting, expiration date
4 terms
Restricted Stock Unit financial
"Each restricted stock unit represents a contingent right to receive 1 share"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Class A Common Stock financial
"receive 1 share of the Issuer's Class A Common Stock upon settlement"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
vesting financial
"The award shall vest as to 25% of the total award annually each July 1"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
expiration date financial
"These restricted stock units do not have an expiration date; they either vest or are cancelled"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
FAQ
What insider transaction did GeneDx (WGS) report for President Mark A. Gardner?
GeneDx reported a grant of 35,441 restricted stock units to President Mark A. Gardner. These RSUs are equity-based compensation that can convert into Class A common shares over time, rather than an open-market stock purchase or sale.
How many restricted stock units did WGS President Mark A. Gardner receive?
Mark A. Gardner received 35,441 restricted stock units from GeneDx. Each unit represents the right to receive one share of Class A common stock in the future, subject to vesting conditions and continued service with the company.
What are the vesting terms of Mark A. Gardner’s RSU award at GeneDx (WGS)?
The RSU award vests in four equal annual installments of 25% each July 1, starting July 1, 2027. Vesting depends on Gardner’s continued service with GeneDx through each vesting date; unvested units can be cancelled if conditions are not met.
Does Mark A. Gardner pay cash for the GeneDx (WGS) RSUs he received?
No, Gardner does not pay cash for these RSUs. Each restricted stock unit represents a contingent right to receive one share of Class A common stock upon settlement for no consideration, making this a non-cash, stock-based compensation grant.
Is the RSU grant to Mark A. Gardner at GeneDx (WGS) a market signal of buying or selling?
The RSU grant reflects stock-based compensation, not a market buy or sell. It is categorized as a grant or award acquisition, where Gardner receives rights to shares over time rather than executing open-market transactions in GeneDx stock.