Wealthfront (WLTH) director Jaleh Bisharat receives 19,446 RSU grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Wealthfront Corp director Jaleh Bisharat received a grant of 19,446 restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Wealthfront common stock upon settlement, with no cash exercise price.
The entire RSU award vests on the earlier of the next annual stockholder meeting or the first anniversary of the grant date, subject to Bisharat’s continuous service. After this grant, Bisharat holds 19,446 RSUs directly, which will either vest on the schedule described or be cancelled before vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Bisharat Jaleh
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 19,446 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 19,446 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock upon settlement. The entire award shall vest on the earlier to occur of: (i) the date of the next annual meeting of the Issuer's stockholders and (ii) the first anniversary of the grant date, in each case subject to the reporting person's continuous service through such date. These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date.
Key Figures
RSU grant size: 19,446 units
Per-unit grant price: $0.00 per unit
Holdings after grant: 19,446 RSUs
3 metrics
RSU grant size
19,446 units
Restricted stock units granted to director Jaleh Bisharat
Per-unit grant price
$0.00 per unit
RSU grant structured as stock-based compensation
Holdings after grant
19,446 RSUs
Total RSUs reported following this award
Key Terms
Restricted Stock Units, contingent right, vest, continuous service
4 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock"
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.
contingent right financial
"represents a contingent right to receive one share of the Issuer's Common Stock upon settlement"
vest financial
"The entire award shall vest on the earlier to occur of the next 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.
continuous service financial
"subject to the reporting person's continuous service through such date"
FAQ
What insider transaction did Wealthfront (WLTH) report for Jaleh Bisharat?
Wealthfront reported that director Jaleh Bisharat received 19,446 restricted stock units. These RSUs are a stock-based compensation award, giving her a right to receive an equal number of Wealthfront common shares upon future settlement, subject to vesting conditions.
How many Wealthfront (WLTH) RSUs did Jaleh Bisharat receive in this grant?
Jaleh Bisharat received 19,446 restricted stock units from Wealthfront. Each unit represents a right to one share of common stock upon settlement. Following this grant, her reported holdings are 19,446 RSUs, all subject to the specified vesting schedule and service conditions.
What are the vesting terms for Jaleh Bisharat’s Wealthfront (WLTH) RSU award?
The entire RSU award vests on the earlier of the next Wealthfront annual stockholder meeting or the first anniversary of the grant date. Vesting requires Bisharat to remain in continuous service through that date, otherwise some or all RSUs may be cancelled before vesting.
Does Jaleh Bisharat pay an exercise price for the Wealthfront (WLTH) RSUs?
No, the RSUs were granted with a per-unit price of $0.00. They function as stock-based compensation that converts into Wealthfront common shares upon settlement if vesting conditions are met, without requiring Bisharat to pay an exercise or conversion price.
Do the Wealthfront (WLTH) RSUs granted to Jaleh Bisharat have an expiration date?
The filing notes that these restricted stock units do not expire. Instead, they will either vest according to the award schedule or be cancelled prior to the vesting date, depending on whether the service-based vesting conditions continue to be satisfied.