Warby Parker (NYSE: WRBY) director reports 9,004-share RSU grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Raider Jeffrey Jacob reported acquisition or exercise transactions in this Form 4 filing.
Warby Parker Inc. director Jeffrey Jacob Raider reported an equity award rather than a stock trade. He received a grant of 9,004 fully vested restricted stock units (RSUs) of Class A Common Stock at no cost, under the company’s Amended and Restated Non-Employee Director Compensation Program.
Each RSU represents one share of Class A Common Stock. Following this grant, he directly holds 457,701 Class A shares. The filing also shows 2,170,571 Class A shares held indirectly through AMH WP Holdings LLC, for which Mr. Raider disclaims pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Raider Jeffrey Jacob
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 9,004 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 457,701 shares (Direct, null);
Class A Common Stock — 2,170,571 shares (Indirect, By AMH WP Holdings LLC)
Footnotes (1)
- Represents a grant of fully-vested restricted stock units ("RSUs"), granted pursuant to the Warby Parker Inc. Amended and Restated Non-Employee Director Compensation Program. Each RSU represents a right to receive one share of the Class A Common Stock. Mr. Raider disclaims pecuniary interest therein.
Key Figures
RSUs granted: 9,004 RSUs
Direct holdings after grant: 457,701 shares
Indirect holdings: 2,170,571 shares
+1 more
4 metrics
RSUs granted
9,004 RSUs
Fully vested award of Class A Common Stock equivalents
Direct holdings after grant
457,701 shares
Class A Common Stock directly held by Jeffrey Jacob Raider
Indirect holdings
2,170,571 shares
Class A Common Stock held by AMH WP Holdings LLC; pecuniary interest disclaimed
Grant price per share
$0.0000 per share
RSUs granted at no cash cost as director compensation
Key Terms
restricted stock units ("RSUs"), Non-Employee Director Compensation Program, pecuniary interest
3 terms
restricted stock units ("RSUs") financial
"Represents a grant of fully-vested restricted stock units ("RSUs"), granted pursuant to the Warby Parker Inc. Amended and Restated 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
"granted pursuant to the Warby Parker Inc. Amended and Restated Non-Employee Director Compensation Program."
pecuniary interest financial
"Mr. Raider disclaims pecuniary interest therein."
FAQ
What insider transaction did Warby Parker (WRBY) report for Jeffrey Jacob Raider?
Warby Parker reported that director Jeffrey Jacob Raider received 9,004 fully vested RSUs of Class A Common Stock as part of non-employee director compensation, rather than buying or selling shares in the open market.
What are the terms of the 9,004 RSUs granted to the Warby Parker director?
The filing states the 9,004 RSUs granted to Jeffrey Jacob Raider are fully vested and issued at no cash cost, with each RSU representing a right to receive one share of Warby Parker Class A Common Stock under the company’s non-employee director compensation program.
Is Jeffrey Jacob Raider’s Form 4 for Warby Parker a stock purchase or sale?
The Form 4 does not show an open-market purchase or sale. It reports an acquisition coded “A,” reflecting a grant or award of 9,004 RSUs as compensation, meaning no shares were bought or sold in the market in this filing.
What does it mean that Jeffrey Jacob Raider disclaims pecuniary interest in certain Warby Parker shares?
The filing explains that some Warby Parker Class A shares are held indirectly through AMH WP Holdings LLC and that Jeffrey Jacob Raider disclaims pecuniary interest in those holdings, indicating he does not claim the economic benefits of those particular shares.