Zoom (ZM) COO Aparna Bawa receives 4,845 performance-vesting RSUs award
Rhea-AI Filing Summary
Bawa Aparna reported acquisition or exercise transactions in this Form 4 filing.
Zoom Communications, Inc. Chief Operating Officer Aparna Bawa reported an equity award consisting of 4,845 performance-vesting restricted stock units (RSUs). These RSUs were granted at a price of $0.00 per unit and each RSU represents a right to receive one share of Class A common stock.
The performance-vesting RSUs became eligible to vest after the compensation committee certified achievement of certain performance metrics on February 27, 2026 and remain subject to service-based vesting, scheduled to vest on April 9, 2026 if continuous service conditions are met. The filing also shows existing time-based RSU awards from July 8, 2022 and July 11, 2023, which vest in equal quarterly installments over four and three years, respectively.
Positive
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance-vesting RSU | 4,845 | $0.00 | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
Footnotes (1)
- Each performance-vesting restricted stock unit (the performance-vesting RSU) represents a contingent right to receive one share of Issuers Class A Common Stock. Represents performance-vesting RSUs previously granted to the Reporting Person, which were subject to vesting upon certification by the Compensation Committee of the Companys achievement of certain performance metrics and determination of the number of performance-vesting RSUs that were eligible to vest, which determination occurred on February 27, 2026. The performance-vesting RSU is also subject to a service-based vesting requirement and will vest on April 9, 2026, subject to the Reporting Persons Continuous Service (as defined in the Issuers 2019 Equity Incentive Plan) on the vesting date. Each restricted stock unit represents a contingent right to receive one share of Issuer's Class A Common Stock. The reporting person received an award of restricted stock units on July 8, 2022, which will vest in equal quarterly installments over four years. The Reporting Person received an award of restricted stock units on July 11, 2023 which will vest in equal quarterly installments over three years.