OneSpan (OSPN) General Counsel granted 22,739 restricted stock units that vest over 3 years
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Mataac Lara reported open-market purchase transactions in this Form 4 filing.
OneSpan Inc. General Counsel Lara Mataac reported acquiring 22,739 restricted stock units (RSUs) tied to OneSpan common stock. Each RSU represents a right to receive one share of common stock.
The 22,739 RSUs vest over three years starting on March 30, 2026, with one-third vesting on March 30, 2027 and the remaining units vesting in equal one-sixth installments every six months thereafter. Following this grant, Mataac is shown as directly holding 22,739 RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Net Buy
1 txn
Insider
Mataac Lara
Role
General Counsel
Bought
22,739 shs ($0.00)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Restricted Stock Units | 22,739 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 22,739 shares (Direct)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of OSPN common stock. The restricted stock units vest over three years starting on March 30, 2026, with one-third of the shares vesting on March 30, 2027 and one-sixth of the shares vesting every six months thereafter.
Key Figures
RSUs acquired: 22,739 RSUs
Underlying common shares: 22,739 shares
Transaction price per RSU: $0.0000 per unit
+3 more
6 metrics
RSUs acquired
22,739 RSUs
Restricted stock units reported on Form 4
Underlying common shares
22,739 shares
Each RSU equals one share of common stock
Transaction price per RSU
$0.0000 per unit
Reported transaction price in Form 4
Initial vesting date
March 30, 2027
One-third of RSUs vest on this date
Vesting structure
1/3 then 1/6 every six months
Three-year vesting schedule starting March 30, 2026
Holdings after transaction
22,739 RSUs
Total restricted stock units directly held post-grant
Key Terms
Restricted Stock Units, vest over three years, contingent right, Form 4
4 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of OSPN common stock."
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.
vest over three years financial
"The restricted stock units vest over three years starting on March 30, 2026"
contingent right financial
"represents a contingent right to receive one share of OSPN common stock"
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did OneSpan (OSPN) disclose for General Counsel Lara Mataac?
OneSpan reported that its General Counsel, Lara Mataac, acquired 22,739 restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of OneSpan common stock, reflecting an equity-based component of her compensation package tied to future vesting.
How many OneSpan (OSPN) restricted stock units did Lara Mataac receive?
Lara Mataac received 22,739 restricted stock units in this Form 4 filing. These RSUs are derivative securities that convert into an equal number of OneSpan common shares as they vest, aligning her interests with long-term shareholder value creation over time.
What is the vesting schedule for Lara Mataac’s OneSpan (OSPN) RSUs?
The 22,739 RSUs vest over three years starting March 30, 2026. One-third vests on March 30, 2027, and one-sixth vests every six months thereafter, creating a gradual vesting pattern that encourages retention and long-term alignment with the company.
Does Lara Mataac pay a purchase price for these OneSpan (OSPN) RSUs?
The Form 4 shows a transaction price of $0.0000 per unit, indicating these RSUs were granted without a cash purchase price. Instead, they represent equity compensation that converts into common stock only if and as the vesting conditions are satisfied over time.
How many OneSpan (OSPN) restricted stock units does Lara Mataac hold after this transaction?
After this reported transaction, Lara Mataac holds 22,739 restricted stock units directly. These RSUs will convert into the same number of OneSpan common shares as they vest according to the three-year schedule described, assuming continued service and satisfaction of vesting terms.