BOX (BOX) VP Chief Accounting Officer receives 22,500 RSU share grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BOX INC executive Eli Berkovitch, VP Chief Accounting Officer & Controller, received an equity award of 22,500 shares of Class A Common Stock in the form of Restricted Stock Units. These RSUs vest quarterly over four years, contingent on his continued service with the company.
Following this grant, Berkovitch directly holds 118,016 shares of BOX Class A Common Stock, with certain shares represented by RSUs. Each RSU converts into one share of common stock as it vests, providing ongoing equity-based compensation over the multi‑year vesting period.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Berkovitch Eli
Role
VP Chief Acct Ofr & Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 22,500 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 118,016 shares (Direct)
Footnotes (1)
- Represents Restricted Stock Units ("RSUs") that shall vest quarterly over four years, subject to the Reporting Person's continuous service through each vesting date. Certain of these shares are represented by RSUs. Each RSU represents the Reporting Person's right to receive one share of Common Stock of the Issuer subject to the applicable vesting schedule and the Reporting Person's continuous service through each such date.
Key Figures
RSU grant size: 22,500 shares
Grant price per share: $0.0000 per share
Post-grant holdings: 118,016 shares
+1 more
4 metrics
RSU grant size
22,500 shares
Class A Common Stock RSUs granted to Eli Berkovitch
Grant price per share
$0.0000 per share
Reported transaction price for RSU grant
Post-grant holdings
118,016 shares
Total Class A Common Stock held directly after transaction
Vesting period
4 years
RSUs vest quarterly over four years with continuous service
Key Terms
Restricted Stock Units ("RSUs"), vest quarterly over four years, continuous service, Grant, award, or other acquisition, +1 more
5 terms
Restricted Stock Units ("RSUs") financial
"Represents Restricted Stock Units ("RSUs") that shall vest quarterly over four years"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
vest quarterly over four years financial
"RSUs that shall vest quarterly over four years, subject to the Reporting Person's continuous service"
continuous service financial
"subject to the Reporting Person's continuous service through each vesting date"
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
Class A Common Stock financial
""security_title": "Class A Common Stock""
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
What insider transaction did BOX (BOX) report for Eli Berkovitch?
BOX reported that executive Eli Berkovitch received a grant of 22,500 shares of Class A Common Stock as Restricted Stock Units. The award is classified as a grant or other acquisition and increases his direct equity-based compensation stake in the company.
What are the vesting terms of Eli Berkovitch’s RSU grant at BOX (BOX)?
The 22,500 RSUs granted to Eli Berkovitch vest quarterly over four years. Vesting occurs only if he remains in continuous service through each vesting date, aligning his compensation with longer-term employment and performance at BOX INC over the vesting schedule.
How do the RSUs in this BOX (BOX) filing convert into common stock?
Each Restricted Stock Unit in this filing represents the right to receive one share of BOX Class A Common Stock. Conversion happens according to the applicable vesting schedule, and requires Eli Berkovitch’s continuous service through each vesting date before shares are delivered.
Is Eli Berkovitch’s BOX (BOX) transaction a market purchase or sale?
The transaction is reported with code “A,” meaning a grant, award, or other acquisition, not an open-market trade. The 22,500 shares are awarded as RSUs at a reported price of $0.0000 per share, reflecting equity compensation rather than a cash market transaction.