Form 4: Xperi Inc. Director Antonellis Receives Stock Grant
SEC Form 4 Filing
Director Darcy Antonellis of Xperi Inc. reports the acquisition of 21,739 restricted stock units on May 29, 2024.
Summary
- Darcy Antonellis, a director at Xperi Inc., filed a Form 4 to report changes in beneficial ownership.
- On May 29, 2024, Antonellis was granted 21,739 restricted stock units (RSUs).
- These RSUs will vest fully on the earlier of May 29, 2025, or the date of the next annual meeting of Xperi Inc.'s stockholders after the grant date.
- Each RSU represents the right to receive one share of Xperi Inc. common stock.
- Following the transaction, Antonellis directly owns 59,971 shares of Xperi Inc. common stock.
Sentiment
Score: 6
Explanation: The document is a routine regulatory filing regarding stock grants, which is neutral to slightly positive as it incentivizes management.
Positives
- The grant of restricted stock units to a director aligns their interests with those of the shareholders.
- The vesting schedule encourages continued service and commitment to the company's success.
Future Outlook
The document does not contain specific forward-looking statements beyond the vesting schedule of the restricted stock units.
Industry Context
Stock grants are a common form of executive compensation in the technology industry, aligning management's interests with shareholder value.
Stakeholder Impact
- Shareholders may view the stock grant positively as it aligns the director's interests with the company's performance.
- Employees may see it as a sign of the company's commitment to its leadership.
Key Dates
| Date | Description |
|---|---|
| 05/29/2024 | Date of the transaction: Grant of 21,739 restricted stock units. |
| 05/29/2025 | Vesting date of the restricted stock units, or the date of the next annual meeting of the Issuer's stockholders occurring after the date of grant, whichever is earlier. |
| 05/31/2024 | Date of signature on the Form 4 filing. |
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