Momentus (MNTS) Chief Legal Officer awarded 8,486 Restricted Stock Units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Layman Jon reported acquisition or exercise transactions in this Form 4 filing.
Momentus Inc. reported that its Chief Legal Officer, Jon Layman, received a grant of 8,486 Restricted Stock Units (RSUs) on Class A common stock. Each RSU represents the right to receive one share in the future. The RSUs vest in three equal annual installments starting from the vesting commencement date, as long as he remains employed through each vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Layman Jon
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 8,486 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 8,486 shares (Direct)
Footnotes (1)
- Each Restricted Stock Unit represents a contingent right to receive one share of Momentus Inc. Class A Common Stock. Represents a grant of Restricted Stock Units, which vest in three equal annual installments from Vesting Commencement Date, subject to Executive's continued Employment through each such vesting date.
FAQ
What insider transaction did MNTS report for Chief Legal Officer Jon Layman?
Momentus Inc. reported that Chief Legal Officer Jon Layman received a grant of 8,486 Restricted Stock Units. These units are a form of equity compensation that convert into Class A common shares over time, aligning his interests with long-term company performance.
How many Restricted Stock Units were granted to the MNTS Chief Legal Officer?
Jon Layman was granted 8,486 Restricted Stock Units. Each RSU represents a contingent right to receive one share of Momentus Inc. Class A common stock, providing potential future ownership rather than an immediate cash payment or open-market share purchase.
How do the 8,486 RSUs granted by MNTS vest over time?
The 8,486 Restricted Stock Units vest in three equal annual installments. Vesting is tied to continued employment, meaning the executive must remain with Momentus Inc. through each vesting date to receive the corresponding one-third portion of the grant.
Does the MNTS Chief Legal Officer pay cash for the 8,486 RSUs granted?
No cash payment is required for the 8,486 Restricted Stock Units, which were granted at a price per unit of $0.00. Instead, the RSUs convert into shares over time if the executive satisfies the ongoing employment-based vesting conditions.
What does each RSU in the MNTS grant represent for Jon Layman?
Each Restricted Stock Unit in the grant represents a contingent right to receive one share of Momentus Inc. Class A common stock. The shares are delivered only as vesting milestones are met, making this a deferred form of stock-based compensation for the executive.