York Space Systems (YSS) CEO receives 211,176-share restricted stock grant
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Wallinger Dirk reported acquisition or exercise transactions in this Form 4 filing.
York Space Systems Inc. Chief Executive Officer Dirk Wallinger reported an amended equity award of 211,176 shares of Common Stock in the form of restricted stock units that vest over three years. These units were granted at a price of $0.00 per share as compensation, not a market purchase.
Following this grant, Wallinger directly holds 9,783,222 shares of Common Stock. The amendment also clarifies that 358,744 restricted shares had already been reported previously on a Form 3 and were inadvertently double-counted in the original Form 4, so this filing corrects his disclosed holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Wallinger Dirk
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 211,176 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 9,783,222 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did York Space Systems (YSS) report for its CEO?
York Space Systems CEO Dirk Wallinger received 211,176 restricted stock units. These Common Stock units were granted at a price of $0.00 per share as compensation and vest over three years, increasing his directly held position to 9,783,222 shares after the award.
Is the York Space Systems (YSS) CEO’s Form 4/A filing a new purchase or a grant?
The filing reports a grant, not an open-market purchase. Dirk Wallinger acquired 211,176 shares of Common Stock through a restricted stock unit award at $0.00 per share, reflecting equity compensation that vests over three years rather than a cash-funded share purchase.
What does the three-year vesting of York Space Systems (YSS) restricted stock units mean?
The 211,176 restricted stock units vest over three years. Vesting over time means Wallinger’s rights to the shares become fully earned gradually, typically encouraging longer-term alignment with company performance rather than providing all shares immediately.
Why did York Space Systems (YSS) file an amended Form 4/A for its CEO?
The amendment corrects an error in the original insider report. It states that 358,744 restricted shares were inadvertently included even though they were already reported on a Form 3, so this filing adjusts the disclosed holdings to avoid double-counting.