Director at Roper Technologies (NYSE: ROP) receives 1,191 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Joyce Thomas Patrick JR reported acquisition or exercise transactions in this Form 4 filing.
Roper Technologies director Thomas Patrick Joyce Jr. reported an equity award of restricted stock units under the Director Compensation Plan. He received 1,191 restricted stock units, each representing a contingent right to one share of Roper Technologies common stock.
The award vests in two equal parts: 50% on the six-month anniversary of the grant date and 50% on the day prior to the 2027 Annual Meeting of Shareholders. After this grant, Joyce directly holds 5,051 shares of common stock and has an additional 1,400 shares held indirectly through a spousal trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Joyce Thomas Patrick JR
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,191 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 5,051 shares (Direct, null);
Common Stock — 1,400 shares (Indirect, Spousal Trust)
Footnotes (1)
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Key Figures
RSUs granted: 1,191 restricted stock units
Grant price: $0.00 per unit
Direct holdings after grant: 5,051 shares
+2 more
5 metrics
RSUs granted
1,191 restricted stock units
Equity award under Director Compensation Plan
Grant price
$0.00 per unit
Reported transaction price for restricted stock units
Direct holdings after grant
5,051 shares
Common stock directly owned following transaction
Indirect holdings
1,400 shares
Common stock held through spousal trust
Vesting schedule
50% at 6 months, 50% before 2027 meeting
Restricted stock unit vesting terms
Key Terms
restricted stock units, Director Compensation Plan, Spousal Trust, Annual Meeting of Shareholders
4 terms
restricted stock units financial
"The securities reported are restricted stock units granted to the reporting person pursuant to the Director Compensation Plan"
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.
Director Compensation Plan financial
"restricted stock units granted to the reporting person pursuant to the Director Compensation Plan"
Spousal Trust financial
"nature_of_ownership": "Spousal Trust""
FAQ
What did Thomas Patrick Joyce Jr. report in this ROP Form 4 filing?
Thomas Patrick Joyce Jr., a director of Roper Technologies, reported receiving 1,191 restricted stock units as an equity award. The units were granted under the company’s Director Compensation Plan and represent contingent rights to receive common stock at future vesting dates.
What is the vesting schedule for the 1,191 restricted stock units at Roper (ROP)?
The 1,191 restricted stock units vest in two tranches: 50% on the six-month anniversary of the grant date and the remaining 50% on the day before the 2027 Annual Meeting of Shareholders. Vesting must occur before shares are actually delivered.
What are Thomas Patrick Joyce Jr.’s holdings after this Roper Technologies transaction?
Following the restricted stock unit grant, Joyce directly holds 5,051 shares of Roper Technologies common stock. He also has 1,400 shares reported as indirectly owned through a spousal trust, reflecting both direct and indirect interests in the company.
What does the spousal trust holding mean in this Roper (ROP) Form 4?
The Form 4 lists 1,400 Roper Technologies common shares as indirectly owned through a spousal trust. This indicates the shares are held in a trust associated with the director’s spouse, rather than directly in the director’s own name.
Are the 1,191 restricted stock units in the ROP filing an open-market purchase?
No, the 1,191 restricted stock units are a grant under the Director Compensation Plan, not an open-market purchase. They were awarded at a reported price of $0.00 per unit as part of the director’s compensation, subject to future vesting.