Director Erinn Murphy receives 2,186 RSUs at Revolve Group (NYSE: RVLV)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Revolve Group, Inc. director Erinn Elisabeth Murphy reported receiving 2,186 shares of Class A common stock in the form of restricted stock units granted under the company’s 2019 Equity Incentive Plan. This is a compensation-related award, not an open-market purchase or sale.
Each RSU converts into one share when it vests. All 2,186 RSUs vest in full on the earlier of the one-year anniversary of the grant date or the day before the next annual stockholder meeting, provided she continues serving as a non-employee director. The RSUs also become fully vested upon a qualifying Change in Control if she remains in service through that date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Murphy Erinn Elisabeth
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 2,186 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 2,186 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Erinn Murphy report at Revolve Group (RVLV)?
Erinn Murphy reported receiving 2,186 restricted stock units of Revolve Group Class A common stock as a compensation grant. These RSUs were issued under the 2019 Equity Incentive Plan, not through an open-market trade, and will settle into shares when they vest.
When do Erinn Murphy’s RSUs at Revolve Group (RVLV) vest?
All of Erinn Murphy’s RSUs vest 100% on the earlier of the one-year anniversary of the grant date or the day before the next annual stockholder meeting. Vesting requires her continued service as a non-employee director through the applicable vesting date.
What happens to Erinn Murphy’s RSUs if there is a Change in Control at RVLV?
If a Change in Control, as defined in the 2019 Equity Incentive Plan, occurs, Erinn Murphy’s RSUs become fully vested. This accelerated vesting applies so long as she continues serving as a non-employee director through the date the Change in Control takes effect.
Is Erinn Murphy’s Form 4 transaction in RVLV a stock purchase or a grant?
The Form 4 shows a grant of 2,186 restricted stock units, not an open-market stock purchase. The RSUs were awarded at no cash price as director compensation under Revolve Group’s 2019 Equity Incentive Plan and will convert into shares upon vesting.