Form 4: Rapid7 Director Kevin Galligan Receives Equity Grant

Director Kevin G. Galligan was granted 15,208 restricted stock units as part of his board service compensation at Rapid7, Inc.

Summary

• Director Kevin G. Galligan received a grant of 15,208 restricted stock units (RSUs) on June 9, 2026.
• Each RSU represents a contingent right to receive one share of Rapid7 common stock.
• The grant is part of the director's compensation for service on the Board of Directors.
• The reporting person has assigned all rights to the underlying shares to JANA Partners Management, LP.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine administrative filing regarding director compensation.

Positives

• Alignment of director interests with shareholders through equity-based compensation.
• Standardized equity incentive plan usage for board member retention.

Negatives

• None identified; this is a routine disclosure of director compensation.

Risks

• Vesting is contingent upon the reporting person's continued service with the issuer through the 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, subject to continued service.

Industry Context

StockSavvy.ai notes that equity grants to board members are standard corporate governance practice in the technology sector to ensure long-term alignment between directors and shareholders.

Comparison to Industry Standards

• The grant structure follows standard equity incentive plan protocols common among mid-cap software and cybersecurity firms.
• Assignment of director compensation to an investment firm (JANA Partners) is a specific arrangement often seen with institutional investor-affiliated board members.

Corporate Governance

Related Party Transactions

• The reporting person has assigned all rights to the shares to JANA Partners Management, LP.

Stakeholder Impact

• Minimal impact on shareholders as this is a standard component of director compensation packages.

Next Steps

• Vesting of the 15,208 RSUs upon the next annual meeting or the first anniversary of the grant.

Key Dates

Keywords

Rapid7, RPD, Form 4, Director Compensation, Equity Incentive Plan, Insider Trading