Form 4: Flywire Corp Executive Matthew C. Harris Receives Restricted Stock Unit Award

Flywire Corp executive Matthew C. Harris was granted a restricted stock unit award that vests in 2025 or upon a change of control.

Summary

• Matthew C. Harris, an executive at Flywire Corp, received a restricted stock unit award.
• The award consists of 10,466 shares of voting common stock.
• The vesting of the award is contingent on the earlier of June 4, 2025, or the company's next annual meeting of stockholders.
• Vesting requires continuous service to the company through the vesting date.
• The award will fully vest upon a change in control, or the executive's death or disability.

Sentiment

Score: 7

Explanation: The document reflects a standard corporate practice of executive compensation, which is generally viewed neutrally to positively by investors as it aligns management interests with shareholders.

Industry Context

The granting of restricted stock units is a common practice in the technology industry to incentivize and retain key executives.

Comparison to Industry Standards

• Restricted stock units are a standard form of equity compensation used by many publicly traded companies, including those in the technology sector such as Block, Inc. and PayPal Holdings, Inc.
• The vesting schedule of the award, contingent on time and continued service, is also typical of such grants.
• The acceleration of vesting upon a change in control, death, or disability is a common protective measure for executives.

Stakeholder Impact

• The award aligns the executive's interests with those of shareholders by incentivizing long-term value creation.
• The vesting schedule encourages the executive's continued service to the company.

Key Dates

Keywords

restricted stock units, stock award, equity compensation, vesting, Flywire Corp, executive compensation