Proto Labs (PRLB) director receives 2,210 deferred stock units as board compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WEHRWEIN SVEN reported acquisition or exercise transactions in this Form 4 filing.
Proto Labs Inc director Sven Wehrwein received an equity award of 2,210 deferred stock units on Common Stock. The award was granted at no cash cost per share and is a form of board compensation rather than an open-market purchase.
These deferred stock units vest in full on the earlier of the first anniversary of the grant date or the date of the 2027 Annual Meeting of Shareholders, and must be held until his service on the Board of Directors ends. Following this grant, Wehrwein directly holds 34,505 shares of Proto Labs common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
WEHRWEIN SVEN
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,210 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 34,505 shares (Direct, null)
Footnotes (1)
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Key Figures
Deferred stock units granted: 2,210 units
Grant price per share: $0.0000 per share
Shares held after transaction: 34,505 shares
3 metrics
Deferred stock units granted
2,210 units
Grant of Common Stock deferred stock units to director
Grant price per share
$0.0000 per share
Non-cash equity award to director
Shares held after transaction
34,505 shares
Director’s direct holdings after grant
Key Terms
Deferred stock units, Annual Meeting of Shareholders, Board of Directors
3 terms
Deferred stock units financial
"Deferred stock units that vest in full on the earlier of the first anniversary"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
Board of Directors financial
"must be retained until the reporting person's service on the Company's Board of Directors ends"
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
FAQ
What did Proto Labs (PRLB) director Sven Wehrwein report in this Form 4?
Director Sven Wehrwein reported receiving 2,210 deferred stock units of Proto Labs common stock as a grant. The award is compensation for board service, was granted at no cash price, and increases his direct holdings to 34,505 shares after the transaction.
Is the Proto Labs (PRLB) Form 4 transaction an open-market purchase or a grant?
The transaction is a grant of 2,210 deferred stock units, not an open-market purchase. It is coded as a grant, award, or other acquisition and reflects routine non-cash director compensation rather than the director buying shares on the open market.
When do Sven Wehrwein’s 2,210 Proto Labs (PRLB) deferred stock units vest?
The 2,210 deferred stock units vest in full on the earlier of the first anniversary of the grant date or the 2027 Annual Meeting of Shareholders. This schedule ties vesting to either a one-year period or the company’s specified future shareholder meeting.
Are the Proto Labs (PRLB) deferred stock units immediately sellable by the director?
The deferred stock units must be retained until Sven Wehrwein’s service on Proto Labs’ Board of Directors ends. Even after vesting, this restriction means he cannot dispose of the units while he continues serving as a director of the company.