Form 4: Phyllis J Campbell, Remitly Global Director, Reports Stock Vesting
SEC Form 4 Filing
Director Phyllis J Campbell reported the vesting of 6,585 Restricted Stock Units (RSUs) into common stock on April 6, 2024.
Summary
- On April 6, 2024, Phyllis J Campbell, a director of Remitly Global, Inc. (RELY), reported the vesting of 6,585 Restricted Stock Units (RSUs).
- These RSUs converted into 6,585 shares of Remitly Global's common stock.
- Following the transaction, Campbell directly owns 13,171 derivative securities.
- The RSUs vest in equal annual installments over a three-year period beginning on the first anniversary of the date of grant, contingent upon continued service to the issuer.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock vesting, which is a neutral event. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when insiders, such as directors and officers, transact in their company's stock. This filing indicates the vesting of previously granted equity compensation.
Key Dates
| Date | Description |
|---|---|
| 04/06/2024 | Date of RSU vesting and stock transaction |
| 04/09/2024 | Date of Form 4 filing |
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