Director Daniel Englander receives 86,419 RSU award at Yext (NYSE: YEXT)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Englander Daniel J reported acquisition or exercise transactions in this Form 4 filing.
Yext, Inc. director Daniel J. Englander received a grant of 86,419 restricted stock units, each representing a right to receive one share of common stock. These units were awarded at no cash cost to him as part of his equity compensation.
According to the vesting schedule, one-third of the award will vest on June 10, 2027, with additional one-third portions vesting on June 10, 2028 and June 10, 2029, as long as he continues serving the company on those dates. Following this grant, he holds 86,419 restricted stock units directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Englander Daniel J
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 86,419 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit — 86,419 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of Yext, Inc.'s common stock. One-third of the shares subject to award shall vest on June 10, 2027, and then annually thereafter on each June 10, subject to the Reporting Person's continued service to the Company on such date until the award is fully vested on June 10, 2029.
Key Figures
RSUs granted: 86,419 units
Grant price: $0.00 per unit
Underlying common shares: 86,419 shares
+3 more
6 metrics
RSUs granted
86,419 units
Restricted stock unit award to director on June 10, 2026
Grant price
$0.00 per unit
Equity compensation, no cash paid by recipient
Underlying common shares
86,419 shares
Each RSU equals one share of common stock
Post-transaction RSU holdings
86,419 units
Total restricted stock units held after award
Initial vesting date
June 10, 2027
One-third of RSU award vests on this date
Final vesting date
June 10, 2029
Award fully vested by this date if service continues
Key Terms
Restricted Stock Unit, contingent right, vest, continued service
4 terms
Restricted Stock Unit financial
"Each restricted stock unit represents a contingent right to receive one share of Yext, Inc.'s common stock."
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 Yext, Inc.'s common stock."
vest financial
"One-third of the shares subject to award shall vest on June 10, 2027, and then annually thereafter on each June 10"
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.
continued service financial
"subject to the Reporting Person's continued service to the Company on such date until the award is fully vested"
FAQ
What insider transaction did Yext (YEXT) report for Daniel J. Englander?
Yext reported that director Daniel J. Englander received a grant of 86,419 restricted stock units. These units are part of his equity compensation and entitle him to receive an equal number of Yext common shares if they vest over time.
How many Yext (YEXT) restricted stock units were granted in this Form 4?
The filing shows a grant of 86,419 restricted stock units. Each unit represents a contingent right to receive one share of Yext common stock, subject to the vesting conditions described in the accompanying footnotes to the transaction.
What is the vesting schedule for Daniel J. Englander’s Yext (YEXT) RSU grant?
One-third of the shares subject to the RSU award will vest on June 10, 2027, with additional one-third portions vesting on June 10, 2028 and June 10, 2029, provided he continues to serve Yext on each applicable vesting date.
How many Yext (YEXT) restricted stock units does Daniel J. Englander hold after this grant?
After this reported transaction, Daniel J. Englander directly holds 86,419 restricted stock units. These units may convert into an equal number of Yext common shares over time if the stated vesting conditions are satisfied through June 10, 2029.
What does each Yext (YEXT) restricted stock unit in this award represent?
Each restricted stock unit represents a contingent right to receive one share of Yext common stock. Actual shares will be delivered only as the award vests under its schedule, assuming continued service to the company through the specified vesting dates.