Form 4: Robinhood Director Frances Frei Reports Stock Unit Vesting
SEC Form 4 Filing
Frances Frei, a director at Robinhood Markets, Inc., reported the vesting of 536 restricted stock units into Class A Common Stock on March 1, 2024.
Summary
- On March 1, 2024, Frances Frei, a director of Robinhood Markets, Inc., had 536 restricted stock units (RSUs) vest and convert into Class A Common Stock.
- This transaction is reported on a Form 4 filing with the SEC, indicating changes in beneficial ownership.
- Following the transaction, Frei directly owns 75,199 shares of Class A Common Stock and 1,609 derivative securities.
- The RSUs were granted on November 15, 2021, under the company's 2021 Omnibus Incentive Plan and vest in installments.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock vesting, neither particularly positive nor negative.
Future Outlook
The remaining RSUs are scheduled to vest in eleven equal quarterly installments, subject to continued service.
Industry Context
Form 4 filings are routine disclosures for corporate insiders and provide transparency into their transactions in company stock. This filing indicates the ongoing vesting schedule of previously granted equity compensation.
Stakeholder Impact
- The vesting of RSUs has a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 2021-11-15 | Reporting Person was granted 6,435 RSUs under the Robinhood Markets, Inc. 2021 Omnibus Incentive Plan |
| 2022-03-01 | One-twelfth (1/12) of these RSUs vested |
| 2024-03-01 | Transaction Date: 536 Restricted Stock Units vested and converted to Class A Common Stock |
| 2024-03-05 | Date of Form 4 filing |
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