ZipRecruiter (ZIP) CEO Ian Siegel awarded new RSU and PSU grants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SIEGEL IAN H. reported acquisition or exercise transactions in this Form 4 filing.
ZIPRECRUITER, INC. Chief Executive Officer Ian H. Siegel reported equity awards consisting of restricted stock units and performance stock units. He received 227,800 restricted stock units, each representing a right to one Class A share, and 227,800 performance stock units with similar share-settlement rights.
The RSUs vest quarterly as to 1/16 of the total beginning on March 15, 2026, subject to continued service, and do not expire but either vest or are canceled. The performance stock units also vest quarterly in 1/16 increments starting on March 15, 2026, contingent on meeting specified stock price hurdles and service-based vesting conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
SIEGEL IAN H.
Role
CHIEF EXECUTIVE OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 227,800 | $0.00 | -- |
| Grant/Award | Performance Stock Units | 227,800 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 227,800 shares (Direct);
Performance Stock Units — 227,800 shares (Direct)
Footnotes (1)
- Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. The RSUs vest as to 1/16 of the total shares quarterly beginning on March 15, 2026 until fully vested, subject to the Reporting Person's continued service to the Issuer on each vesting date. RSUs do not expire; they either vest or are canceled prior to vesting date. Each performance stock unit represents a contingent right to receive one share of Class A Common Stock of the Issuer. Subject to the achievement of certain specified stock price hurdles and service-based vesting requirements, the performance stock units will vest quarterly as to 1/16 of the total number of shares beginning on March 15, 2026 until fully vested, subject to the Reporting Person's continued service to the Issuer on each vesting date.
FAQ
What equity awards did ZIP CEO Ian Siegel report on this Form 4 for ZIP?
Ian Siegel reported grants of 227,800 restricted stock units and 227,800 performance stock units. Each unit represents a contingent right to receive one share of ZipRecruiter Class A common stock, subject to vesting and, for performance units, specified stock price and service conditions.
How do the new restricted stock units for ZIP CEO Ian Siegel vest?
The restricted stock units vest quarterly in equal installments. Specifically, 1/16 of the total RSUs vest on each quarterly date beginning March 15, 2026, until fully vested, as long as Ian Siegel continues to provide service to ZipRecruiter on each applicable vesting date.
What conditions apply to the ZIP performance stock units granted to Ian Siegel?
The performance stock units require both stock price and service conditions. They vest quarterly in 1/16 increments starting March 15, 2026, but only if specified stock price hurdles are achieved and Ian Siegel continues serving ZipRecruiter on each vesting date.
Do the restricted stock units granted to ZIP CEO ever expire?
The restricted stock units do not expire in the traditional sense. Instead, they either vest on scheduled dates if service conditions are met or are canceled before vesting. There is no separate expiration date stated for these RSU awards in the disclosure.
Are the ZIP equity awards to Ian Siegel direct or indirect holdings?
The reported restricted stock units and performance stock units are held directly. The filing classifies ownership as direct, with no footnotes indicating third-party entities, trusts, or other vehicles holding voting or investment power over these particular equity awards.