ZipRecruiter (ZIP) president receives large RSU and PSU equity grants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TRAVERS DAVID reported acquisition or exercise transactions in this Form 4 filing.
ZipRecruiter President David Travers received new equity awards in the form of restricted and performance stock units. On February 28, 2026 he was granted 227,800 restricted stock units and 113,900 performance stock units, each representing a right to receive one share of Class A common stock.
The RSUs vest quarterly in 16 equal installments beginning on March 15, 2026, as long as he remains in service. The performance stock units also vest quarterly over 16 installments starting March 15, 2026, but only if specified stock price hurdles and service-based conditions are met.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
TRAVERS DAVID
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 227,800 | $0.00 | -- |
| Grant/Award | Performance Stock Units | 113,900 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 227,800 shares (Direct);
Performance Stock Units — 113,900 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 did ZipRecruiter (ZIP) President David Travers report in this Form 4?
David Travers reported receiving equity grants of restricted and performance stock units. He was awarded 227,800 restricted stock units and 113,900 performance stock units, each convertible into one share of ZipRecruiter Class A common stock, subject to vesting conditions and continued service.
How many restricted stock units did ZipRecruiter (ZIP) grant to David Travers?
David Travers received 227,800 restricted stock units. Each RSU represents a contingent right to one share of Class A common stock. The units vest in 16 equal quarterly installments starting March 15, 2026, conditioned on his continued service with ZipRecruiter on each vesting date.
What are the terms of David Travers’ performance stock units at ZipRecruiter (ZIP)?
Travers received 113,900 performance stock units with stock-price-based vesting. Each unit converts to one Class A share, vesting quarterly in 16 installments from March 15, 2026, but only if specified stock price hurdles and service-based requirements are satisfied on each vesting date.
When do David Travers’ new ZipRecruiter (ZIP) RSUs begin vesting?
The RSUs begin vesting on March 15, 2026. One-sixteenth of the 227,800 restricted stock units vests each quarter from that date, provided David Travers continues serving ZipRecruiter through each scheduled vesting date under the award terms.
Do David Travers’ ZipRecruiter (ZIP) RSUs and PSUs ever expire?
The RSUs do not expire but either vest or are canceled before vesting. The performance stock units similarly represent contingent rights to shares that will vest over time if stock price hurdles and ongoing service conditions are met; otherwise, unearned units can be forfeited.
What triggers vesting of David Travers’ performance stock units at ZipRecruiter (ZIP)?
PSU vesting depends on stock price hurdles and service-based conditions. The 113,900 performance stock units vest in 16 quarterly installments starting March 15, 2026, but only if ZipRecruiter’s specified stock price targets and Travers’ continued service criteria are both satisfied.