Form 4: Rapid7 Director Benjamin Nye Receives RSU Grant
Statement of Changes in Beneficial Ownership
Rapid7 Director J. Benjamin Nye was granted 15,208 restricted stock units as part of his ongoing service to the company.
Summary
- Director J. Benjamin Nye acquired 15,208 restricted stock units (RSUs) of Rapid7, Inc. common stock.
- The transaction occurred on June 9, 2026.
- The RSUs represent a contingent right to receive one share of common stock per unit.
- Following this transaction, the reporting person's total beneficial ownership is 95,502 shares.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation with no material impact on company operations or financial outlook.
Positives
- The grant of equity aligns the director's interests with those of the shareholders.
- The director maintains a significant equity stake of 95,502 shares in the company.
Negatives
- None identified.
Risks
- Vesting is subject to the director's continued service with the issuer through the applicable vesting date.
Future Outlook
The RSUs vest in full on the earlier of the date of the next annual meeting of stockholders or the first anniversary of the grant date, contingent upon continued service.
Industry Context
StockSavvy.ai notes that equity grants to non-employee directors are standard corporate governance practice in the cybersecurity sector to ensure long-term alignment with shareholder value.
Comparison to Industry Standards
- The grant structure is consistent with standard equity compensation packages for board members at mid-cap technology firms.
- Vesting schedules tied to annual meetings are common practice among S&P 400 and similar technology companies.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | J. Benjamin Nye appointed Peter Kaes and Christopher Keenan as attorneys-in-fact for SEC filing purposes. | 2026-01-24 | Administrative update to facilitate regulatory compliance. |
Stakeholder Impact
- Minimal impact on shareholders as this is a standard director compensation event.
Next Steps
- Vesting of the 15,208 RSUs upon the earlier of the next annual meeting or the first anniversary of the grant.
Key Dates
| Date | Description |
|---|---|
| 2026-01-24 | Execution date of the Power of Attorney for J. Benjamin Nye. |
| 2026-06-09 | Date of the RSU grant transaction. |
| 2026-06-10 | Filing date of the Form 4. |
Keywords
Rapid7, RPD, Form 4, Director Compensation, Insider Transaction, Restricted Stock Units
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