Yext (NYSE: YEXT) director Hillary B. Smith exercises RSUs and receives new 43K RSU award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Yext, Inc. director Hillary B. Smith reported equity compensation activity. She exercised restricted stock units into 27,131 shares of common stock, increasing her direct common stock holdings to 133,849 shares. She also received a new award of 43,209 restricted stock units, which vest in full on June 10, 2027, subject to continued service.
In addition, 3,500 shares of common stock are held indirectly through the 2018 Hillary B. Smith Family Trust, where she serves as a trustee. The filing shows routine compensation-related grants and an RSU vesting, with no open‑market purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
27,131 shares exercised/converted
Mixed
4 txns
Insider
SMITH HILLARY B
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 27,131 | $0.00 | -- |
| Exercise | Common Stock | 27,131 | $0.00 | -- |
| Grant/Award | Restricted Stock Unit | 43,209 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 0 shares (Direct, null);
Common Stock — 133,849 shares (Direct, null);
Common Stock — 3,500 shares (Indirect, See footnote)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of Yext, Inc.'s (the "Company") common stock. Shares held by the 2018 Hillary B. Smith Family Trust, of which Ms. Smith is a trustee. 100% of the shares subject to the award vest on June 10, 2027, subject to the Reporting Person's continued service to the Company on such date. 100% of the shares subject to the award vested on June 11, 2026.
Key Figures
RSUs exercised: 27,131 shares
Direct common stock holdings: 133,849 shares
New RSU grant: 43,209 RSUs
+2 more
5 metrics
RSUs exercised
27,131 shares
Restricted Stock Units converted to common stock on June 11, 2026
Direct common stock holdings
133,849 shares
Shares of Yext common stock held directly after transactions
New RSU grant
43,209 RSUs
Restricted stock units granted on June 10, 2026
RSU vesting date
June 10, 2027
100% of new RSU award vests on this date, subject to service
Indirect holdings via trust
3,500 shares
Common stock held by 2018 Hillary B. Smith Family Trust
Key Terms
Restricted Stock Unit, contingent right, Family Trust, vest, +1 more
5 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."
Family Trust financial
"Shares held by the 2018 Hillary B. Smith Family Trust, of which Ms. Smith is a trustee."
vest financial
"100% of the shares subject to the award vest on June 10, 2027, subject to the Reporting Person's continued service to the Company on such date."
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.
Exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
FAQ
What did Yext (YEXT) director Hillary B. Smith report in this Form 4?
She reported routine equity compensation activity, including exercising 27,131 restricted stock units into common stock and receiving a new grant of 43,209 restricted stock units that vest in 2027, with no open‑market purchases or sales.
What are the terms of Hillary B. Smith’s new Yext (YEXT) RSU grant?
She received 43,209 restricted stock units, each representing a right to one Yext common share. The award vests 100% on June 10, 2027, contingent on her continued service with the company through that vesting date, per the footnote disclosure.
What RSU vesting did Yext (YEXT) disclose for Hillary B. Smith?
The filing shows 27,131 restricted stock units fully vested on June 11, 2026 and were converted into 27,131 shares of common stock. This is recorded as an exercise or conversion of a derivative security, not as an open‑market stock purchase.
How are Hillary B. Smith’s indirect Yext (YEXT) holdings structured?
The filing notes 3,500 Yext common shares are held by the 2018 Hillary B. Smith Family Trust. Ms. Smith is a trustee of this trust, and these shares are reported as indirect ownership with details provided in the Form 4 footnotes.