Form 4: Rapid7 Director Judy Bruner Receives Significant Restricted Stock Unit Grant

Rapid7, Inc. Director Judy Bruner was granted 8,420 restricted stock units, increasing her beneficial ownership to 54,612 shares.

Summary

• Rapid7, Inc. (RPD) Director Judy Bruner acquired 8,420 shares of common stock in the form of restricted stock units (RSUs) on June 11, 2025.
• The acquisition was made at a price of $0 per share, indicating a grant rather than a purchase.
• Following this transaction, Ms. Bruner's total beneficial ownership of Rapid7 common stock increased to 54,612 shares.
• Each restricted stock unit represents a contingent right to receive one share of Rapid7 common stock.
• The RSU grant is set to vest in full on the earlier of the Issuer's next annual meeting of stockholders held after the grant date or the first anniversary of the grant date, contingent upon Ms. Bruner's continued service.

Sentiment

Score: 7

Explanation: The grant of restricted stock units to a director is a positive event as it aligns management's interests with shareholders and is a standard compensation practice, indicating stability in corporate governance.

Positives

• The grant of restricted stock units to Director Judy Bruner aligns her interests with those of the company's shareholders, as the value of her compensation is tied to the company's stock performance.
• This is a common practice for director compensation, indicating standard corporate governance practices.

Future Outlook

The restricted stock units granted to Director Judy Bruner are scheduled to vest in full on the earlier of the company's next annual meeting of stockholders or the first anniversary of the grant date, subject to her continued service.

Industry Context

The grant of restricted stock units to a director is a standard practice in the technology and cybersecurity industry, as well as across publicly traded companies, to incentivize long-term commitment and align director interests with shareholder value creation.

Comparison to Industry Standards

• The practice of granting restricted stock units (RSUs) as part of director compensation is a widely adopted standard across various industries, including cybersecurity and software, similar to companies like CrowdStrike Holdings, Inc. (CRWD) or Zscaler, Inc. (ZS).
• This method of compensation helps align the interests of the director with the long-term performance of the company's stock, a common objective in corporate governance benchmarks.

Stakeholder Impact

• Shareholders: The RSU grant aligns the director's financial interests with the long-term performance of the company's stock, potentially benefiting shareholders through improved governance and strategic decisions.
• Employees: No direct impact on general employees is indicated by this filing.

Next Steps

• The vesting of the 8,420 restricted stock units will occur on the earlier of Rapid7's next annual meeting of stockholders or the first anniversary of the grant date, contingent on continued service.

Key Dates

Keywords

Rapid7, RPD, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU Grant, Director Compensation, Beneficial Ownership, Corporate Governance