ZipRecruiter (ZIP) CTO awarded large RSU and performance stock unit grants
Rhea-AI Filing Summary
SHIMANOVSKY BORIS F. reported acquisition or exercise transactions in this Form 4 filing.
ZIPRECRUITER, INC. Executive Vice President and Chief Technology Officer Boris F. Shimanovsky reported equity awards in the form of restricted and performance-based stock units. He was granted 227,800 restricted stock units and 91,100 performance stock units, each representing a right to receive one share of Class A common stock upon vesting.
The restricted stock units vest quarterly as to 1/16 of the total shares beginning on March 15, 2026, so long as he continues serving the company on each vesting date. The performance stock units also vest in 1/16 quarterly installments from March 15, 2026, but only if specified stock price hurdles and service-based requirements are met.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 227,800 | $0.00 | -- |
| Grant/Award | Performance Stock Units | 91,100 | $0.00 | -- |
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.