Williams-Sonoma director gets 161 deferred units
Rhea-AI Filing Summary
Ready William J reported acquisition or exercise transactions in this Form 4 filing.
Williams-Sonoma Inc. director William J. Ready received a grant of 161 deferred stock units tied to the company’s common stock. The award was made at a price of $0.00 per unit under the company’s 2001 Long-Term Incentive Plan.
Ready elected to take these fully vested deferred stock units in lieu of the cash portion of his annual retainers under the company’s Director Compensation Policy. Each deferred stock unit represents a contingent right to receive one share of Williams-Sonoma common stock, to be delivered in June 2037, subject to earlier delivery upon certain events. Following this grant, he holds 161 deferred stock units directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ready William J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 161 | $0.00 | $0.00 |
Holdings After Transaction:
Deferred Stock Units — 161 shares (Direct)
Footnotes (3)
- F1. Each deferred stock unit represents a contingent right to receive one share of WSM common stock.
- F2. The reporting person elected to receive these deferred stock units, which were granted under the Issuer's 2001 Long-Term Incentive Plan, pursuant to the Issuer's Director Compensation Policy (the "Policy"), in lieu of the cash portion of the annual retainers under the Policy
- F3. The deferred stock units are fully vested and will be delivered to the reporting person in June 2037, the end of the deferral period, subject to earlier delivery upon the occurrence of certain events.
Key Figures
Deferred stock units granted: 161 units
Grant price per unit: $0.00 per unit
Units outstanding after grant: 161 units
+2 more
5 metrics
Deferred stock units granted
161 units
Grant to director William J. Ready on May 4, 2026
Grant price per unit
$0.00 per unit
Deferred stock unit award under 2001 Long-Term Incentive Plan
Units outstanding after grant
161 units
Total deferred stock units held directly by the director after transaction
Underlying common stock
161 shares
Each unit represents right to receive one common share
Deferral period end
June 2037
Scheduled delivery date for deferred stock units
Key Terms
Deferred Stock Units, 2001 Long-Term Incentive Plan, Director Compensation Policy, deferral period
4 terms
Deferred Stock Units financial
"Each deferred stock unit represents a contingent right to receive one share of WSM common stock."
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
2001 Long-Term Incentive Plan financial
"granted under the Issuer's 2001 Long-Term Incentive Plan, pursuant to the Issuer's Director Compensation Policy"
Director Compensation Policy financial
"pursuant to the Issuer's Director Compensation Policy (the "Policy"), in lieu of the cash portion of the annual retainers"
deferral period financial
"will be delivered to the reporting person in June 2037, the end of the deferral period"
FAQ
What did Williams-Sonoma (WSM) director William J. Ready report on this Form 4?
Director William J. Ready reported receiving 161 deferred stock units linked to Williams-Sonoma common stock. The units were granted at $0.00 per unit as part of his board compensation and are fully vested, to be settled in shares at a future date under the company’s plan.
How many Williams-Sonoma (WSM) deferred stock units were granted to the director?
The filing shows a grant of 161 deferred stock units to director William J. Ready. Each unit corresponds to one share of Williams-Sonoma common stock, providing equity-based compensation instead of cash retainers under the company’s director compensation policy and long-term incentive plan.
When will the Williams-Sonoma (WSM) deferred stock units be delivered to the director?
The deferred stock units are scheduled to be delivered in June 2037, at the end of the deferral period. The filing also notes they may be delivered earlier if certain events occur, but it does not detail those specific triggering events in this excerpt.
What does each Williams-Sonoma (WSM) deferred stock unit represent?
Each deferred stock unit represents a contingent right to receive one share of Williams-Sonoma common stock. This means the director does not receive shares immediately but is entitled to equivalent shares at the end of the deferral period or earlier upon specified events under plan terms.
Why did the Williams-Sonoma (WSM) director receive deferred stock units instead of cash?
According to the filing, William J. Ready elected to receive deferred stock units in lieu of the cash portion of his annual retainers. This election is made under Williams-Sonoma’s Director Compensation Policy and its 2001 Long-Term Incentive Plan, aligning director compensation more closely with shareholder interests.
Are the Williams-Sonoma (WSM) deferred stock units granted to the director vested?
Yes, the filing states that the deferred stock units are fully vested. Although they are fully earned, settlement into Williams-Sonoma common shares will occur in June 2037, unless certain earlier events require delivery under the terms of the applicable compensation and incentive plans.
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