Form 4: Red Violet Director William Livek Receives Stock Grant
SEC Form 4 Filing
Director William Livek received 3,760 restricted stock units (RSUs) from Red Violet, Inc. on November 4, 2024, and holds a total of 12,910 RSUs.
Summary
- William Livek, a director of Red Violet, Inc. (RDVT), received 3,760 restricted stock units (RSUs) on November 4, 2024.
- These RSUs were granted as compensation for his service on the Company's Board of Directors.
- The RSUs are convertible into common stock on a one-for-one basis.
- The RSUs vest in approximately three equal installments on November 1, 2025, November 1, 2026, and November 1, 2027, subject to accelerated vesting under certain conditions.
- Following the transaction, Livek beneficially owns 12,910 RSUs, which includes 4,150 RSUs originally granted on January 5, 2024, vesting in installments on December 1, 2024, December 1, 2025, and December 1, 2026.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to director compensation, and does not contain information that would significantly impact sentiment positively or negatively.
Positives
- The grant of RSUs to a director aligns their interests with those of the shareholders.
- The vesting schedule encourages long-term commitment from the director.
Industry Context
This filing is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the compensation and equity ownership of company directors.
Stakeholder Impact
- The RSU grant aligns the director's interests with shareholders, potentially encouraging decisions that benefit the company's long-term value.
Key Dates
| Date | Description |
|---|---|
| January 5, 2024 | Original grant date of 4,150 RSUs |
| December 1, 2024 | First vesting date for the original grant of 4,150 RSUs |
| November 4, 2024 | Date of the grant of 3,760 RSUs to William Livek |
| November 1, 2025 | First vesting date for the grant of 3,760 RSUs |
| December 1, 2025 | Second vesting date for the original grant of 4,150 RSUs |
| November 1, 2026 | Second vesting date for the grant of 3,760 RSUs |
| December 1, 2026 | Third vesting date for the original grant of 4,150 RSUs |
| November 1, 2027 | Third vesting date for the grant of 3,760 RSUs |
| November 5, 2024 | Date of signature for the Form 4 filing |
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