42,105-share RSU grant boosts McGraw Hill (MH) executive stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
McGraw Hill, Inc. reported that EVP & CDIO David Cortese received a grant of 42,105 restricted stock units (RSUs) of common stock. These RSUs were awarded at no cash cost to him and are part of his equity compensation.
The RSUs vest in three equal annual installments on April 1, 2027, April 1, 2028, and April 1, 2029, contingent on his continued employment with the company through each vesting date. Each RSU converts into one share of common stock upon vesting, and following this grant he directly holds 44,605 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cortese David
Role
EVP & CDIO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 42,105 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 44,605 shares (Direct)
Footnotes (1)
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Key Figures
RSUs granted: 42,105 units
Post-grant holdings: 44,605 shares
Vesting schedule: Three equal annual installments
3 metrics
RSUs granted
42,105 units
Award of restricted stock units to EVP & CDIO
Post-grant holdings
44,605 shares
Common stock directly owned after the transaction
Vesting schedule
Three equal annual installments
On April 1, 2027, 2028 and 2029, subject to continued employment
Key Terms
restricted stock units ("RSUs"), vest in three equal annual installments, continued employment, Common Stock
4 terms
restricted stock units ("RSUs") financial
"received a grant of 42,105 restricted stock units ("RSUs") that vest"
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 in three equal annual installments financial
"RSUs that vest in three equal annual installments on each of April 1, 2027"
continued employment financial
"subject to the Reporting Person's continued employment with the Issuer"
Continued employment means that an individual remains in their current job without interruption. For investors, it signals stability and ongoing work that can affect company performance and future prospects. Like a steady heartbeat for a business, sustained employment helps ensure consistent operations and financial health.
Common Stock financial
"Each RSU represents the right to receive one (1) share of Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did McGraw Hill (MH) report for David Cortese?
McGraw Hill reported that EVP & CDIO David Cortese received a grant of 42,105 restricted stock units. This equity award was recorded at a price of $0.00 per share, reflecting compensation rather than a market purchase, and increased his direct holdings to 44,605 shares.
How do the 42,105 RSUs granted to McGraw Hill’s EVP vest?
The 42,105 RSUs vest in three equal annual installments. Vesting dates are April 1, 2027, April 1, 2028, and April 1, 2029. Vesting is conditioned on David Cortese’s continued employment with McGraw Hill through each respective date, aligning compensation with long-term service.
What does each RSU granted by McGraw Hill (MH) represent?
Each restricted stock unit granted to David Cortese represents the right to receive one share of McGraw Hill common stock. Shares are only delivered when the RSUs vest on the scheduled dates, tying the executive’s future stock ownership to continued employment and vesting milestones.
Is the McGraw Hill (MH) RSU grant to David Cortese a market purchase?
No, the RSU grant is not a market purchase. The Form 4 shows transaction code A, a grant or award acquisition, with a transaction price of $0.00 per share, indicating it is compensation-based stock rather than shares bought in the open market.