Form 4: OneSpaWorld Holdings Director Lisa Myers Receives Restricted Stock Units

Lisa Myers, a director at OneSpaWorld Holdings, was granted 7,306 restricted stock units (RSUs) on July 23, 2024, each representing a contingent right to receive one common share.

Summary

• On July 23, 2024, Lisa Myers, a director of OneSpaWorld Holdings Ltd, received 7,306 restricted stock units (RSUs).
• Each RSU represents a contingent right to receive one common share of OneSpaWorld Holdings, with a par value of $0.0001.
• The RSUs vest one year from the grant date.
• Vested common shares will be delivered to Lisa Myers on the earlier of the 60th day from separation from service or immediately prior to a change in control.
• Following the transaction, Lisa Myers directly owns 15,710 common shares.

Sentiment

Score: 7

Explanation: The document indicates a standard compensation practice (RSU grant) for a director, which is generally viewed neutrally to positively as it aligns interests with shareholders. There are no red flags or negative indicators.

Positives

• The grant of RSUs aligns the director's interests with those of the shareholders.
• The vesting schedule encourages continued service by the director.

Future Outlook

The vested common shares will be delivered to the reporting person on the earlier of the 60th day from separation from service and immediately prior to a change in control.

Industry Context

Grants of restricted stock units are a common form of executive compensation in publicly traded companies, aligning management's interests with those of shareholders.

Comparison to Industry Standards

• RSU grants are a standard component of compensation packages for directors in publicly listed companies like OneSpaWorld Holdings.
• Companies such as Norwegian Cruise Line Holdings and Carnival Corporation, which operate in related industries, also utilize equity-based compensation for their directors.
• The vesting period of one year is fairly standard, aligning with typical industry practices for retaining key personnel.

Stakeholder Impact

• Shareholders may view the RSU grant positively as it aligns the director's interests with the company's performance.
• Employees may see this as a standard practice for executive compensation.

Key Dates