Director at Asure Software (NASDAQ: ASUR) receives 10,000-share RSU award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Oberwager Bradford Scovill reported acquisition or exercise transactions in this Form 4 filing.
Asure Software director Bradford Scovill Oberwager received an equity grant of 10,000 shares of common stock in the form of restricted stock units. The award was granted at no cash cost to him and is part of his compensation.
The restricted stock units are scheduled to vest on February 26, 2027, meaning he will gain full ownership of the underlying shares on that date if vesting conditions are met. After this grant, his direct holdings total 55,420 Asure Software shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Oberwager Bradford Scovill
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Asure Software, Inc. Common Stock ($0.01 par value) | 10,000 | $0.00 | -- |
Holdings After Transaction:
Asure Software, Inc. Common Stock ($0.01 par value) — 55,420 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Asure Software (ASUR) disclose for Bradford Scovill Oberwager?
Asure Software disclosed that director Bradford Scovill Oberwager received an equity award of 10,000 restricted stock units. These units represent shares of Asure common stock that will vest in the future as part of his director compensation package, with no cash purchase involved.
When do Bradford Scovill Oberwager’s new Asure Software restricted stock units vest?
The 10,000 restricted stock units granted to Bradford Scovill Oberwager are scheduled to vest on February 26, 2027. Vesting means he will gain full ownership of the corresponding Asure Software common shares if all applicable service or other conditions are satisfied by that date.
Was Bradford Scovill Oberwager’s Asure Software equity transaction an open-market stock purchase?
No, the transaction was not an open-market stock purchase. It was a grant of 10,000 restricted stock units awarded as compensation, at a stated price of zero per share, meaning he did not pay cash to acquire these Asure Software equity units.
What type of security was granted to Bradford Scovill Oberwager by Asure Software (ASUR)?
He received restricted stock units linked to Asure Software’s common stock with a $0.01 par value. These units convert into common shares upon vesting on February 26, 2027, aligning his compensation with the company’s equity performance over the vesting period.