Cars.com (CARS) director granted 18,267 RSUs in new stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
McGovern Jr. Donald A. reported acquisition or exercise transactions in this Form 4 filing.
Cars.com Inc. director Donald A. McGovern Jr. received an award of 18,267 restricted stock units on common stock as compensation. The RSUs were granted at no cash price and are subject to vesting. Following this grant, he holds 110,900 shares and RSUs directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
McGovern Jr. Donald A.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 18,267 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 110,900 shares (Direct, null)
Footnotes (1)
- Restricted stock units ("RSUs") granted under the Cars.com Inc. (the "Company") Omnibus Incentive Compensation Plan, subject to vesting. Each RSU represents a right to receive one share of the Company's common stock. Includes RSUs.
Key Figures
RSUs granted: 18,267 units
Grant price: $0.00 per share
Holdings after grant: 110,900 shares/RSUs
3 metrics
RSUs granted
18,267 units
Restricted stock units on common stock awarded to director
Grant price
$0.00 per share
Compensation grant, no cash paid by director
Holdings after grant
110,900 shares/RSUs
Total direct beneficial ownership following RSU award
Key Terms
Restricted stock units, RSUs, Omnibus Incentive Compensation Plan
3 terms
Restricted stock units financial
"Restricted stock units ("RSUs") granted under the Cars.com Inc. ..."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
RSUs financial
"Each RSU represents a right to receive one share of the Company's common stock."
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
Omnibus Incentive Compensation Plan financial
"RSUs granted under the Cars.com Inc. (the "Company") Omnibus Incentive Compensation Plan"
An omnibus incentive compensation plan is a single, flexible program that lets a company grant different kinds of pay — such as cash bonuses, stock options, restricted stock, or performance awards — to employees, executives and directors. Investors care because the plan affects how much ownership can be given away (dilution), how much the company spends on pay, and whether executives’ goals are aligned with shareholders, much like a menu that decides what rewards staff can pick and how costly they are.
FAQ
What insider transaction did Cars.com (CARS) disclose for Donald A. McGovern Jr.?
Cars.com reported that director Donald A. McGovern Jr. received a grant of 18,267 restricted stock units. These RSUs are compensation, carry no purchase price, and each unit represents one share of Cars.com common stock upon vesting.
Was the Cars.com (CARS) insider transaction a market purchase or sale?
The transaction was not a market buy or sell. It was a grant of 18,267 restricted stock units at a price of $0.00 per share as part of compensation, with future shares delivered only when the RSUs vest.
What are the terms of the RSUs granted to the Cars.com (CARS) director?
The filing states the award consists of restricted stock units granted under the Cars.com Inc. Omnibus Incentive Compensation Plan. Each RSU entitles the holder to receive one share of Cars.com common stock, subject to vesting conditions described in the plan.
Does the Cars.com (CARS) Form 4 mention derivative securities or option exercises?
No derivative securities or option exercises are listed in this Form 4. The only reported transaction is a non-derivative grant of 18,267 restricted stock units, which are equity awards settling in common stock when vesting requirements are met.