Form 4: Beyond, Inc. Director Acquires Shares Through Vesting of Restricted Stock Units
SEC Form 4 Filing
Director Barclay F. Corbus acquired 1,334 shares of Beyond, Inc. common stock through the vesting of restricted stock units.
Summary
- Barclay F. Corbus, a director at Beyond, Inc., acquired 1,334 shares of common stock on January 21, 2025.
- The acquisition was a result of the vesting of restricted stock units (RSUs).
- These RSUs vested in three equal installments, with the final installment vesting on January 21, 2025.
- The price per share for the acquisition was $0.0001.
- Following the transaction, Mr. Corbus directly owns 68,002 shares of Beyond, Inc. common stock.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally to slightly positive as it aligns director interests with shareholders.
Positives
- The vesting of RSUs indicates that the director has met the conditions for receiving the shares.
- The director's increased shareholding aligns their interests with those of other shareholders.
Industry Context
This is a standard transaction for directors receiving equity compensation, and is common in the technology industry.
Comparison to Industry Standards
- The vesting of restricted stock units is a common practice for compensating directors and employees in publicly traded companies.
- The vesting schedule of three equal installments over three years is also a typical arrangement.
- Many technology companies use similar equity-based compensation plans to align the interests of management with shareholders.
- Companies like Microsoft, Apple, and Google also use RSUs as part of their compensation packages.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.
Key Dates
| Date | Description |
|---|---|
| 01/21/2023 | First vesting date for the restricted stock units. |
| 01/21/2024 | Second vesting date for the restricted stock units. |
| 01/21/2025 | Final vesting date for the restricted stock units and date of share acquisition. |
Keywords
Form 4, Beneficial Ownership, Restricted Stock Units, RSU, Director, Share Acquisition, Vesting, Beyond, Inc., BYON
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