Form 4: LiveOne Director Kristopher Wright Awarded Restricted Stock Units
SEC Form 4
Director Kristopher Wright received 57,325 Restricted Stock Units (RSUs) as director fees for service on LiveOne's board.
Summary
- Kristopher Wright, a director of LiveOne, Inc., was granted 57,325 Restricted Stock Units (RSUs) on September 10, 2024.
- These RSUs are compensation for his service on the board of directors from October 1, 2023, to September 30, 2024.
- The RSUs will vest on October 31, 2024, contingent upon Wright's continued service on the board.
- Each RSU represents the right to receive one share of LiveOne's common stock or its cash value, as determined by the board.
- Wright has the option to defer the settlement of the RSUs until he is no longer on the board or up to five years from the vesting date.
Sentiment
Score: 7
Explanation: The document reflects a standard compensation practice, indicating stability and alignment of interests. It's a neutral to slightly positive event.
Positives
- The grant of RSUs aligns the director's interests with those of the shareholders.
- The vesting schedule incentivizes continued service on the board.
Future Outlook
The document outlines the terms of the RSU grant and the vesting schedule, indicating future equity compensation for the director.
Industry Context
This is a standard practice for compensating board members in publicly traded companies, aligning their interests with shareholders through equity ownership.
Comparison to Industry Standards
- RSU grants are a common form of compensation for directors in publicly traded companies.
- The vesting schedule and terms are typical for such grants, designed to incentivize continued service and align interests with shareholders.
- Comparable companies in the media and entertainment space also utilize equity-based compensation for their board members.
Stakeholder Impact
- Shareholders may view this as a positive sign that the director's interests are aligned with theirs.
- The director is incentivized to continue serving on the board, providing stability and experience.
Key Dates
| Date | Description |
|---|---|
| October 1, 2023 | Start date of service period for which RSUs were granted. |
| September 10, 2024 | Date of RSU grant. |
| September 30, 2024 | End date of service period for which RSUs were granted. |
| October 31, 2024 | Vesting date of the RSUs. |
| September 12, 2024 | Date of signature. |
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