Zoom (NASDAQ: ZM) CEO gets 6,460 new performance stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Yuan Eric S. reported acquisition or exercise transactions in this Form 4 filing.
Zoom Communications CEO Eric S. Yuan reported an award of 6,460 performance-vesting RSUs, each representing a contingent right to one share of Class A common stock. These units became eligible based on certified performance on February 27, 2026 and will vest on April 9, 2026, subject to his continuous service.
He also reports direct holdings of other restricted stock units granted in 2022 and 2023 that vest in equal quarterly installments, and an indirect holding of 20,837,285 shares of Class B common stock through a revocable trust for which he and his spouse serve as cotrustees.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Yuan Eric S.
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance-vesting RSU | 6,460 | $0.00 | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Performance-vesting RSU — 6,460 shares (Direct);
Restricted Stock Units — 76,563 shares (Direct);
Class B Common Stock — 20,837,285 shares (Indirect, See footnote)
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. Each share of Class B Common Stock is convertible at the option of the Reporting Person into one share of Class A Common Stock and has no expiration date. Each share of Class B Common Stock held by the Reporting Person will automatically convert into one share of Class A Common Stock upon (a) other than Eric S. Yuan, the death of the Reporting Person, or (b) any transfer by the Reporting Person except certain "Permitted Transfers" described in the Issuer's certificate of incorporation. All outstanding shares of Class B Common Stock will convert into shares of Class A Common Stock upon the earliest of (i) six months following the death or incapacity of Mr. Yuan, (ii) six months following the date that Mr. Yuan ceases providing services to the Issuer, (iii) the date specified by the holders of a majority of the shares of Class B Common Stock, and (iv) the 15-year anniversary of the closing of the Issuer's initial public offering. The shares are held of record by Zheng Yuan and Hongyu Zhang, cotrustees of the the 2018 Yuan and Zhang Revocable Trust, for which the Reporting Person and the Reporting Person's spouse serve as cotrustees.
FAQ
What did Zoom (ZM) CEO Eric Yuan report in this Form 4?
Eric Yuan reported receiving 6,460 performance-vesting restricted stock units, each convertible into one Zoom Class A share. The filing also updates his existing restricted stock unit positions and a large Class B common stock holding through a family revocable trust.
How do Eric Yuan’s new performance-vesting RSUs at Zoom (ZM) vest?
The 6,460 performance-vesting RSUs vest on April 9, 2026, if Eric Yuan remains in continuous service. They became eligible after the compensation committee certified achievement of specified performance metrics on February 27, 2026, adding a service-based requirement to the performance test.
What other restricted stock unit awards does Eric Yuan hold at Zoom (ZM)?
Eric Yuan holds RSUs awarded on July 8, 2022 that vest in equal quarterly installments over four years, and RSUs awarded on July 11, 2023 that vest in equal quarterly installments over three years. These awards are settled in Zoom Class A common stock as they vest.