Form 4: Rapid7 Director Jeffrey Kalowski Receives Equity Grant
Director Equity Grant
Director Jeffrey Kalowski was granted 57,390 restricted stock units as part of his appointment to the Rapid7 Board of Directors.
Summary
- Director Jeffrey Kalowski received an initial grant of 57,390 restricted stock units (RSUs) on June 9, 2026.
- The grant was issued in connection with his appointment to the Rapid7, Inc. Board of Directors.
- Each RSU represents a contingent right to receive one share of common stock.
- The units vest in three substantially equal annual installments starting June 9, 2027, contingent on continued service.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation, which is neutral for the stock price.
Positives
- Alignment of director interests with shareholders through equity-based compensation.
- Standardized vesting schedule ensures long-term commitment from the new director.
Negatives
- Issuance of new equity results in potential future dilution for existing shareholders.
Risks
- Vesting is subject to the director's continued service with the company.
Future Outlook
The grant vests in three equal annual installments beginning June 9, 2027, provided the director remains in service.
Industry Context
StockSavvy.ai notes that initial equity grants for new board members are standard corporate governance practice in the technology sector to align director incentives with long-term shareholder value.
Comparison to Industry Standards
- The grant structure follows standard equity incentive plan protocols for publicly traded software companies.
- Three-year vesting schedules are consistent with market norms for director compensation.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Director | N/A | Jeffrey Kalowski | 06/09/2026 | Appointment to the Board of Directors |
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Director Compensation | Initial equity grant under the 2015 Equity Incentive Plan. | 06/09/2026 | Aligns director incentives with company performance. |
Stakeholder Impact
- Shareholders may experience minor dilution upon the vesting and settlement of these units.
Next Steps
- Vesting of the first tranche of RSUs on June 9, 2027.
Key Dates
| Date | Description |
|---|---|
| 06/09/2026 | Date of RSU grant and earliest transaction. |
| 06/10/2026 | Date of filing. |
| 06/09/2027 | First vesting date for the RSU grant. |
Keywords
Rapid7, RPD, Form 4, Insider Trading, Equity Incentive Plan, Director Compensation
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