Thomas Corey E. 4
4 · Rapid7, Inc. · Filed Apr 1, 2026
Research Summary
AI-generated summary of this filing
Rapid7 CEO Thomas E. Corey Receives 1.125M PSU Award
What Happened Thomas E. Corey, CEO and Director of Rapid7, was granted 1,125,000 performance stock units (PSUs) on 2026-03-31. The grant is reported as a derivative award (acquisition price $0.00) and therefore shows $0 cash paid. The Form 4 covering this transaction was filed on 2026-04-01.
Key Details
- Transaction date: 2026-03-31; Form 4 filed: 2026-04-01 (timely filing).
- Award: 1,125,000 PSUs granted under the Issuer's 2015 Equity Incentive Plan; reported acquisition price $0.00 (derivative instrument).
- Vesting/performance: PSUs are contingent on the company’s common stock meeting specified price thresholds over a three-year performance period; actual payout may range from 0% to 150% of the target PSUs. Continued employment through the end of the performance period is generally required (with certain good-leaver exceptions).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnotes: F1 describes that each PSU is a contingent right to one share of common stock. F2 explains the price-based vesting, three-year period, and the 0–150% payout range.
Context PSUs are a form of long-term, performance-based compensation — not an open-market purchase or sale — and represent a contingent right to receive shares only if performance and service conditions are met. Because payout can be zero or up to 150% of target, the grant's ultimate share and dollar value will depend on future stock performance and continued employment. This filing is informational and does not by itself indicate immediate buying or selling of stock.
Insider Transaction Report
- Award
PERFORMANCE RIGHTS
[F1][F2]2026-03-31+1,125,000→ 1,125,000 total→ Common Stock (1,125,000 underlying)
Footnotes (2)
- [F1]This security represents performance stock units ("PSUs") granted under the Issuer's 2015 Equity Incentive Plan, as amended, to the Reporting Person. Each PSU represents a contingent right to receive one share of common stock of the Issuer ("Common Stock").
- [F2]The PSUs are eligible to vest upon the Issuer's Common Stock attaining specified stock price thresholds over a three-year performance period, subject to the Reporting Person's continued employment through the end of the performance period (except for certain good leaver events). The number of PSUs reflected is at the target number of PSUs, and the actual number of PSUs eligible to vest will range from 0% to 150% of the target number of PSUs.