Form 4: Rapid7 Director Thomas Schodorf Receives RSU Grant
Statement of Changes in Beneficial Ownership
Director Thomas Schodorf was granted 15,208 restricted stock units as part of his compensation package with Rapid7, Inc.
Summary
- Director Thomas E. Schodorf acquired 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 vests in full on the earlier of the next annual meeting of stockholders or the first anniversary of the grant date.
- Following this transaction, Schodorf's direct beneficial ownership increased to 49,648 shares.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation, which carries a neutral sentiment.
Positives
- Alignment of director interests with long-term shareholder value through equity-based compensation.
- Standardized vesting schedule ensures continued service commitment from the director.
Negatives
- Dilutive impact of new equity grants, though standard for corporate governance.
Risks
- Vesting is contingent upon the director's continued service with the company.
Future Outlook
The RSU grant is subject to vesting based on the earlier of the next annual meeting or the first anniversary of the grant date, contingent on continued service.
Industry Context
StockSavvy.ai notes that equity-based compensation for board members is a standard practice in the cybersecurity and software industry to ensure alignment with shareholder interests and retain experienced leadership.
Comparison to Industry Standards
- The use of RSUs for director compensation is consistent with industry norms for mid-to-large cap technology firms.
- Vesting schedules tied to annual meetings are standard practice for public company board members.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | Thomas Schodorf authorized Peter Kaes and Christopher Keenan to execute SEC filings on his behalf. | 2026-01-24 | Administrative update to facilitate regulatory compliance. |
Related Party Transactions
- The filing notes 16,020 shares held by a family trust where the director's spouse and child are trustees and beneficiaries.
Stakeholder Impact
- Minimal impact on shareholders; reflects standard director compensation practices.
Next Steps
- Vesting of the 15,208 RSUs upon 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 SEC filings. |
| 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, Restricted Stock Units, Insider Ownership
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