Zoom Communications (ZM) director awarded 3,012 RSUs, now holds 15,098 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Zoom Communications, Inc. director William R. McDermott reported equity compensation and a routine option-style exercise. He received 3,012 Restricted Stock Units, each representing a contingent right to one share of Class A Common Stock, with 100% of the award vesting on the first anniversary of the grant or immediately before the next annual meeting following the grant date.
On a separate date, 3,583 Restricted Stock Units were exercised and converted into 3,583 shares of Class A Common Stock at no cash exercise price. Following these transactions, McDermott directly holds 15,098 shares of Zoom’s Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,583 shares exercised/converted
Mixed
3 txns
Insider
McDermott William R
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 3,012 | $0.00 | -- |
| Exercise | Restricted Stock Units | 3,583 | $0.00 | -- |
| Exercise | Class A Common Stock | 3,583 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 3,012 shares (Direct, null);
Class A Common Stock — 15,098 shares (Direct, null)
Footnotes (1)
- 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, 100% of which will vest on the first anniversary date of the grant (or, if sooner, the day immediately preceding the next annual meeting that occurs following the grant date).
Key Figures
RSU grant: 3,012 units
RSUs exercised: 3,583 units
Shares after transactions: 15,098 shares
+1 more
4 metrics
RSU grant
3,012 units
New Restricted Stock Units awarded to director
RSUs exercised
3,583 units
RSUs converted into Class A Common Stock
Shares after transactions
15,098 shares
Class A Common Stock directly held after reported events
RSU vesting
100% at first anniversary
Full vesting on first anniversary or before next annual meeting
Key Terms
Restricted Stock Units, Class A Common Stock, derivative security, grant, award, or other acquisition
4 terms
Restricted Stock Units financial
"The reporting person received an award of restricted stock units, 100% of which will vest..."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Class A Common Stock financial
"Each Restricted Stock Unit represents a contingent right to receive one share of Issuer's Class A Common Stock."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
derivative security financial
"Transaction code M is described as an exercise or conversion of derivative security."
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
grant, award, or other acquisition financial
"Transaction code A is defined as Grant, award, or other acquisition."
FAQ
What did William R. McDermott acquire in the latest Zoom (ZM) Form 4?
William R. McDermott received 3,012 Restricted Stock Units from Zoom, each representing a contingent right to one share of Class A Common Stock. He also exercised 3,583 previously granted RSUs into 3,583 Class A shares, increasing his direct equity position.
What is the vesting schedule for William R. McDermott’s new 3,012 Zoom RSUs?
The 3,012 Restricted Stock Units granted to William R. McDermott will vest 100% on the first anniversary of the grant date, or, if earlier, the day immediately preceding the next annual meeting that occurs after the grant date, subject to the award’s standard conditions.
What does each Zoom Restricted Stock Unit (RSU) represent for William R. McDermott?
Each Restricted Stock Unit granted to William R. McDermott represents a contingent right to receive one share of Zoom’s Class A Common Stock. Shares are delivered only upon vesting and settlement, aligning director compensation with the company’s share performance over time.