Director at West Pharmaceutical (WST) receives 791 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Pucci Paolo reported acquisition or exercise transactions in this Form 4 filing.
West Pharmaceutical Services director Paolo Pucci received an equity grant in the form of restricted stock units. He was awarded 791 units of common stock on the reported date, increasing his direct holdings to 11,854.297 shares.
The footnote explains that these restricted stock units will vest in full on the date of the next annual shareholder meeting and will then be distributed under the company’s Deferred Compensation Plan for Outside Directors. This is a compensation-related award rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Pucci Paolo
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 791 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 11,854.297 shares (Direct, null)
Footnotes (1)
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Key Figures
Restricted stock units granted: 791 units
Shares held after transaction: 11,854.297 shares
2 metrics
Restricted stock units granted
791 units
Equity award to director on reported transaction date
Shares held after transaction
11,854.297 shares
Total direct holdings following grant
Key Terms
restricted stock units, Deferred Compensation Plan for Outside Directors, Form 4
3 terms
restricted stock units financial
"These shares of restricted stock units will vest in full on the date"
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.
Deferred Compensation Plan for Outside Directors financial
"will be distributable under the terms of the Deferred Compensation Plan for Outside Directors"
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did West Pharmaceutical (WST) director Paolo Pucci report on this Form 4?
Paolo Pucci reported receiving 791 restricted stock units of West Pharmaceutical common stock as a compensation award. These units increase his direct equity exposure as a director and are structured to vest at the next annual shareholder meeting before being distributed.
Was the West Pharmaceutical (WST) transaction a market purchase or a compensation award?
The transaction was a compensation-related award, not an open-market purchase. The filing uses code A for a grant or award, and the footnote clarifies these are restricted stock units that will vest and be distributed according to the Deferred Compensation Plan for Outside Directors.
When will Paolo Pucci’s West Pharmaceutical (WST) restricted stock units vest?
The restricted stock units will vest in full on the date of the next annual shareholder meeting. After vesting, they will be distributed under West Pharmaceutical’s Deferred Compensation Plan for Outside Directors, converting into common stock according to the plan’s terms.
What is the significance of the Deferred Compensation Plan for Outside Directors at West Pharmaceutical (WST)?
The Deferred Compensation Plan for Outside Directors governs how equity awards like restricted stock units are distributed. For this grant, it specifies that units vest at the next annual shareholder meeting and are then delivered as common stock, aligning director compensation with shareholder interests.