PTON
Peloton Interactive, INC
NASDAQ
Form 4: Peloton COO Charles Kirol Reports Acquisition of 678,120 Restricted Stock Units
Sentiment:
SEC Form 4 Filing
13 May 2025 4:37 PM
Peloton's Chief Operating Officer, Charles Peter Kirol, reported the acquisition of 678,120 Restricted Stock Units (RSUs) in Peloton Interactive, Inc.
Summary
- Charles Peter Kirol, the Chief Operating Officer of Peloton Interactive, Inc., filed a Form 4 on May 13, 2025.
- The filing reports a transaction that occurred on May 9, 2025, where Mr. Kirol acquired 678,120 Restricted Stock Units (RSUs).
- Each RSU represents a contingent right to receive one share of Peloton's Class A Common Stock.
- The RSUs vest quarterly in equal 1/12 installments, starting July 15, 2025, contingent upon Mr. Kirol's continued service to Peloton.
Sentiment
Score: 6
Explanation: Neutral sentiment as it's a standard disclosure of executive compensation. The acquisition of RSUs can be seen as a positive sign of confidence, but it's not a major event.
Positives
- The acquisition of RSUs by a key executive like the COO can be seen as a positive sign, indicating confidence in the company's future performance.
Future Outlook
The vesting of the RSUs is contingent upon the Reporting Person's continued service to the Issuer on each vesting date.
Industry Context
Insider transactions are closely monitored as they can provide insights into a company's prospects. RSU grants are a common form of executive compensation in the tech and fitness industries.
Comparison to Industry Standards
- Comparing the size and vesting schedule of these RSUs to those granted to executives at similar companies like Nautilus, Inc. or Lululemon could provide context on whether this grant is typical.
- Benchmarking against industry standards for executive compensation packages can help determine if the vesting schedule and total number of RSUs are in line with market practices.
Stakeholder Impact
- Shareholders may view this as a positive sign of executive alignment with company goals.
- Employees may see this as a standard part of executive compensation.
Key Dates
- 05/09/2025: Date of transaction: Charles Kirol acquired 678,120 Restricted Stock Units.
- 05/13/2025: Date of Form 4 filing.
- 07/15/2025: Commencement date for quarterly vesting of the RSUs.
Keywords
Peloton, Kirol, RSU, Restricted Stock Units, Form 4, Insider Transaction, COO, Charles Peter Kirol
PTON
Peloton Interactive, INC
NASDAQ
Sector: TBD
Filings with Classifications
Worse than expected
8 May 2025 8:04 PM
Quarterly Report
- Revenue decreased year-over-year, indicating weaker demand for Peloton's products and services.
- Ending Paid Connected Fitness Subscriptions decreased year-over-year, suggesting challenges in retaining subscribers.
- Ending Paid App Subscriptions decreased year-over-year, indicating a decline in the company's app-based business.
Better than expected
8 May 2025 6:59 AM
Shareholder Letter
- Peloton's Q3 FY25 results exceeded expectations on key metrics, including Ending Paid Connected Fitness Subscriptions, Total Revenue, Total Gross Margin, and Adjusted EBITDA.
- The company is raising its full-year FY25 guidance range for Adjusted EBITDA and expects Free Cash Flow to be in the vicinity of $250 million.
Better than expected
6 February 2025 4:04 PM
Quarterly Report
- Connected Fitness Products Gross Margin reached 12.9%, the first time in over three years it has reached double digits.
- Free Cash Flow was $106.0 million for the quarter, a significant improvement compared to the prior year.
- Adjusted EBITDA was $58.4 million, compared to $(81.7) million in the prior year.
Better than expected
6 February 2025 6:58 AM
Shareholder Letter
- Peloton exceeded guidance on key metrics including Paid Connected Fitness Subscriptions, Total Revenue, Total Gross Margin and Adjusted EBITDA.
- The company is raising its full year FY25 guidance range for Adjusted EBITDA by $60 million to $300 $350 million.
- The Free Cash Flow target is also being raised to at least $200 million.
Delay expected
6 February 2025 6:58 AM
Shareholder Letter
- Due to higher-than-expected Tread+ sales, the company faced inventory constraints that temporarily led to longer delivery times, delaying some Tread+ deliveries to Q3.
Better than expected
31 October 2024 4:10 PM
Quarterly Report
- The company's net loss improved significantly compared to the same quarter last year.
- The company's gross margin improved, particularly in the Connected Fitness Products segment.
- The company's adjusted EBITDA and free cash flow turned positive.
Better than expected
31 October 2024 7:01 AM
Quarterly Report
- Peloton's Q1 FY25 results exceeded expectations, with a near break-even GAAP net loss and positive Adjusted EBITDA and Free Cash Flow.
- The company's Connected Fitness Gross Margin improved significantly, indicating better unit economics.
- Full year FY25 Adjusted EBITDA and Free Cash Flow guidance were raised, reflecting confidence in future performance.
Delay expected
22 August 2024 5:08 PM
Annual Results
- The company has experienced delays in the implementation of its restructuring plans.
Worse than expected
22 August 2024 5:08 PM
Annual Results
- The company's revenue declined year-over-year, indicating worse than expected performance.
- The company continues to report significant operating losses, indicating worse than expected profitability.
Better than expected
22 August 2024 6:58 AM
Quarterly Report
- The company exceeded its own guidance for revenue and gross margin.
- Peloton achieved positive Adjusted EBITDA and Free Cash Flow for the second consecutive quarter, which was not expected based on previous performance.
- The company's GAAP Net Loss improved significantly, exceeding expectations.
Better than expected
30 May 2024 4:34 PM
Merger Announcement
- The refinancing reduces overall debt and extends debt maturities, which is better than the previous financial situation.
Capital raise
30 May 2024 4:34 PM
Merger Announcement
- The company raised $350 million through a private offering of convertible senior notes due in 2029.
- The company secured a new $1 billion five-year term loan facility.
- The company secured a new $100 million five-year revolving credit facility.
Capital raise
24 May 2024 4:21 PM
Debt Offering Announcement
- Peloton raised $350 million through the issuance of convertible senior notes.
- The company also secured a new $1.0 billion term loan facility and a $100 million revolving credit facility.
Capital raise
20 May 2024 4:13 PM
Debt Refinancing Announcement
- Peloton is proposing to offer $275 million in convertible senior notes due 2029.
- The company also plans to enter into a $1 billion five-year term loan facility and a $100 million five-year revolving credit facility.
Worse than expected
2 May 2024 4:19 PM
Quarterly Report
- Connected Fitness product revenue decreased by 13.6% year-over-year, indicating a decline in hardware sales.
- The company is still operating at a net loss, despite improvements.
- The company is incurring significant restructuring costs.
Better than expected
2 May 2024 7:05 AM
Quarterly Report
- Peloton achieved positive free cash flow for the first time in over three years, which is better than expected.
- The company's adjusted EBITDA turned positive, indicating better than expected profitability.
- Total gross margin exceeded the company's guidance, indicating better than expected performance.
Worse than expected
1 February 2024 4:16 PM
Quarterly Report
- The company's total revenue decreased by 6.2% year-over-year, primarily due to a significant decline in Connected Fitness product revenue.
- The company is still experiencing a net loss, although it has improved compared to the previous year.
- The company has identified material weaknesses in internal controls over financial reporting.
Better than expected
1 February 2024 7:00 AM
Quarterly Report
- Peloton's Q2 results exceeded expectations for paid subscribers, gross margin, and free cash flow.
Disclaimer: This summary was generated by artificial intelligence and its accuracy is not guaranteed. The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.