UiPath (NYSE: PATH) legal chief receives 157,208 RSUs, covers taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
UiPath, Inc. reported insider equity activity for its GC & Chief Legal Officer, Brad Brubaker. He received an award of 157,208 restricted stock units (RSUs), each representing one share of Class A Common Stock upon settlement. To cover tax obligations from vested performance stock units and RSUs, the company withheld a total of 55,284 shares. After these transactions, he directly holds 849,558 shares of Class A Common Stock, including the 157,208 RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Brubaker Brad
Role
GC & Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 24,842 | $11.10 | $276K |
| Tax Withholding | Class A Common Stock | 30,442 | $11.10 | $338K |
| Grant/Award | Class A Common Stock | 157,208 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 722,792 shares (Direct)
Footnotes (1)
- Represents shares withheld by the Issuer to satisfy a tax obligation realized by the Reporting Person upon the vesting and settlement of performance stock units (PSU). Represents shares withheld by the Issuer to satisfy a tax obligation realized by the Reporting Person upon the vesting and settlement of restricted stock units (RSU). Includes 157,208 RSUs. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. The RSUs vest over three years with 16 and 2/3% after 6 months, then 8 and 1/3% in equal quarterly installments thereafter, subject to continuous service through each vesting date.
Key Figures
RSU award: 157,208 RSUs
Shares withheld for taxes: 55,284 shares
Shares held after transactions: 849,558 shares
+1 more
4 metrics
RSU award
157,208 RSUs
Grant to GC & Chief Legal Officer
Shares withheld for taxes
55,284 shares
Tax obligations on vested PSUs and RSUs
Shares held after transactions
849,558 shares
Direct Class A Common Stock holdings
Withholding reference price
$11.10 per share
Value used for tax-withholding dispositions
Key Terms
performance stock units (PSU), restricted stock units (RSU), tax obligation, vesting and settlement, +1 more
5 terms
performance stock units (PSU) financial
"Represents shares withheld by the Issuer to satisfy a tax obligation realized by the Reporting Person upon the vesting and settlement of performance stock units (PSU)."
restricted stock units (RSU) financial
"Represents shares withheld by the Issuer to satisfy a tax obligation realized by the Reporting Person upon the vesting and settlement of restricted stock units (RSU)."
tax obligation financial
"Represents shares withheld by the Issuer to satisfy a tax obligation realized by the Reporting Person upon the vesting and settlement of performance stock units (PSU)."
vesting and settlement financial
"upon the vesting and settlement of performance stock units (PSU)."
continuous service financial
"thereafter, subject to continuous service through each vesting date."
FAQ
What insider transactions did UiPath (PATH) report for Brad Brubaker?
UiPath reported that Brad Brubaker received 157,208 RSUs of Class A Common Stock and had 55,284 shares withheld to satisfy tax obligations from vested PSUs and RSUs. These actions are compensation- and tax-related, not open-market trades.
What is the size of the equity award UiPath (PATH) granted to its legal chief?
UiPath granted its GC & Chief Legal Officer an equity award of 157,208 RSUs. Each RSU represents a contingent right to receive one Class A share, vesting over three years with an initial 16 2/3% after six months, then quarterly installments.
How do the UiPath (PATH) RSUs for Brad Brubaker vest over time?
The 157,208 RSUs vest over three years: 16 2/3% vest after six months, then 8 1/3% vest in equal quarterly installments thereafter. Vesting is subject to the executive’s continuous service through each vesting date, according to the disclosure.