Yext (NYSE: YEXT) director receives 89,058 restricted stock unit award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Paul Cynthia reported acquisition or exercise transactions in this Form 4 filing.
Yext, Inc. director and ten percent owner Cynthia Paul reported receiving a grant of 89,058 restricted stock units. Each unit represents a contingent right to one share of Yext common stock as equity compensation, not an open-market purchase.
According to the award terms, one-third of the RSUs will vest on July 7, 2027, with additional one-third portions vesting annually each July 7, subject to her continued service, until the grant is fully vested on July 7, 2029. Following this grant, she holds 89,058 RSUs directly from this award.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Paul Cynthia
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 89,058 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit — 89,058 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of Yext, Inc.'s (the "Company") common stock. One-third of the shares subject to award shall vest on July 7, 2027, and then annually thereafter on each July 7, subject to the Reporting Person's continued service to the Company on such date until the award is fully vested on July 7, 2029.
Key Figures
RSUs granted: 89,058 units
Shares following transaction: 89,058 RSUs
Vesting start date: July 7, 2027
+2 more
5 metrics
RSUs granted
89,058 units
Restricted stock units granted to Cynthia Paul
Shares following transaction
89,058 RSUs
Total RSUs held from this award after grant
Vesting start date
July 7, 2027
One-third of RSUs vest on this date
Final vesting date
July 7, 2029
Award fully vested on this date, subject to service
Exercise/conv. price
$0.00 per unit
Reported grant price for the RSUs
Key Terms
Restricted Stock Unit, contingent right, vesting, common stock
4 terms
Restricted Stock Unit financial
"The security is described as a "Restricted Stock Unit" with an underlying common stock 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.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of common stock."
vesting financial
"One-third of the shares subject to award shall vest on July 7, 2027, and then annually thereafter."
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.
common stock financial
"Each restricted stock unit represents a right to receive one share of Yext, Inc.'s common stock."
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did Yext (YEXT) report for Cynthia Paul?
Yext reported that director and ten percent owner Cynthia Paul received a grant of 89,058 restricted stock units. These RSUs are a form of equity compensation and give her a contingent right to receive an equal number of Yext common shares over time.
How many Yext restricted stock units were granted in this Form 4?
The Form 4 shows a grant of 89,058 restricted stock units to Cynthia Paul. Each unit corresponds to one share of Yext common stock, giving her the right to receive up to 89,058 shares as the units vest under the award schedule.
What is the vesting schedule for Cynthia Paul’s Yext RSU award?
One-third of the RSUs vests on July 7, 2027, with additional one-third portions vesting on each July 7 thereafter. Vesting continues annually, subject to her continued service, until the entire 89,058-unit award is fully vested on July 7, 2029.
Is Cynthia Paul’s Yext RSU grant an open-market stock purchase?
No, the Form 4 describes a compensation-related grant, not an open-market purchase. The 89,058 restricted stock units were awarded at a reported price of $0.00 per unit as a grant, providing a contingent right to future common shares rather than a cash stock transaction.
How many Yext RSUs does Cynthia Paul hold after this transaction?
After this grant, the Form 4 reports that Cynthia Paul holds 89,058 restricted stock units from this award. These RSUs convert into Yext common shares only as they vest between July 7, 2027, and July 7, 2029, assuming her continued service with the company.