Gunningham Sebastian J 4
4 · Remitly Global, Inc. · Filed Feb 23, 2026
Research Summary
AI-generated summary of this filing
Remitly (RELY) CEO Sebastian Gunningham Receives RSU and PSU Award
What Happened
Sebastian J. Gunningham, Chief Executive Officer of Remitly Global, Inc. (RELY), was granted 787,500 restricted stock units (RSUs) and a performance stock unit (PSU) award with a maximum of 1,462,500 shares on February 19, 2026. Both grants were reported as acquisitions at $0.00 per share (awards), so there was no cash purchase or sale in this filing.
Key Details
- Transaction date: February 19, 2026; filing date: February 23, 2026 (filed timely).
- RSUs: 787,500 units granted, $0.00 per share. Vesting: 1/16 of total on May 25, 2026, then 1/16 quarterly thereafter, subject to continued service (Footnote F1).
- PSUs (derivative): up to 1,462,500 units granted, $0.00 per share. Vesting depends on both time-based service (annual installments over 4 years; fully satisfied Feb 19, 2030) and stock-price performance measured in five intervals; maximum payout requires a $50.00 per-share threshold based on a 120-day average before Feb 19, 2031 (Footnote F2).
- Shares owned after the transaction: not specified in the Form 4 provided.
- Transaction codes: A = Award/Grant; PSUs are derivative awards tied to performance.
Context
- These awards are compensatory grants, not open-market purchases or sales; they do not represent an immediate cash investment by the insider.
- RSUs and PSUs align compensation with continued service and stock performance; PSUs only convert to shares if performance and service conditions are met.
- For retail investors, grants signal management compensation decisions but do not by themselves indicate buying or selling sentiment.
Insider Transaction Report
Form 4
Gunningham Sebastian J
DirectorChief Executive Officer
Transactions
- Award
Common Stock
[F1]2026-02-19+787,500→ 787,500 total - Award
Performance Stock Units (PSUs)
[F2]2026-02-19+1,462,500→ 1,462,500 totalExp: 2031-02-19→ Common Stock (1,462,500 underlying)
Footnotes (2)
- [F1]Represents a grant of restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of the Issuer's Common Stock upon settlement. The RSUs vest as to 1/16 of the total shares underlying the RSUs on May 25, 2026, and then 1/16 of the total shares vest quarterly thereafter, subject to the reporting person's provision of service to the Issuer on each vesting date.
- [F2]Represents the maximum number of shares that may be earned under a grant of performance stock units (PSUs). The PSUs vest based upon achievement of both (i) a time-based service requirement and (ii) certain stock price thresholds. The time-based service requirement is satisfied in annual installments over four years after the grant date and is fully satisfied on February 19, 2030. The stock price performance requirement is satisfied in five intervals and is fully satisfied if the Issuer's stock price reaches $50.00 per share (measured as a 120-day average closing price) prior to February 19, 2031.
Signature
/s/ Jeff Mason as Attorney-in-Fact|2026-02-23