Yext (YEXT) director Seth Waugh receives grant of 43,209 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Waugh Seth H. reported acquisition or exercise transactions in this Form 4 filing.
Yext, Inc. director Seth H. Waugh reported receiving a grant of 43,209 restricted stock units tied to the company’s common stock. Each unit represents a right to receive one share of common stock in the future. All 43,209 units are scheduled to vest on June 10, 2027, contingent on his continued service to the company through that date. Following this grant, Waugh holds 43,209 restricted stock units directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Waugh Seth H.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 43,209 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit — 43,209 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. 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.
Key Figures
RSUs granted: 43,209 units
Award vesting date: June 10, 2027
Post-grant RSU holdings: 43,209 units
+1 more
4 metrics
RSUs granted
43,209 units
Restricted stock unit grant to director Seth H. Waugh
Award vesting date
June 10, 2027
100% of RSUs vest on this date if service continues
Post-grant RSU holdings
43,209 units
Total restricted stock units held after this transaction
Grant price
$0.00 per unit
Compensation grant, not an open-market purchase
Key Terms
Restricted Stock Unit, contingent right, vest
3 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
"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.
FAQ
What insider transaction did Yext (YEXT) director Seth H. Waugh report?
Seth H. Waugh reported receiving a grant of 43,209 restricted stock units. These units are a form of equity compensation that may convert into an equal number of Yext common shares if vesting conditions are met.
How many Yext (YEXT) restricted stock units were granted in this Form 4?
The Form 4 shows a grant of 43,209 restricted stock units. Each restricted stock unit represents a contingent right to receive one share of Yext’s common stock if the vesting requirement is satisfied.
When do Seth H. Waugh’s Yext (YEXT) restricted stock units vest?
All 43,209 restricted stock units vest on June 10, 2027. Vesting is conditioned on Seth H. Waugh’s continued service to Yext through that date, meaning he must remain in service for the award to fully vest.
Is the Yext (YEXT) Form 4 transaction a purchase or a compensation grant?
The transaction is a compensation grant, not an open-market purchase. It is classified as an acquisition under a grant or award of 43,209 restricted stock units, with a stated price of $0.00 per unit in the filing.
How many Yext (YEXT) restricted stock units does Seth H. Waugh hold after this grant?
After this grant, Seth H. Waugh holds 43,209 restricted stock units directly. These units may convert into the same number of Yext common shares if the vesting requirement on June 10, 2027 is satisfied.