Houston Andrew 4
Research Summary
AI-generated summary
Meta (META) Director Andrew Houston Receives 612 RSUs (Award)
What Happened
- Andrew Houston, a director of Meta Platforms, Inc. (META), was granted 612 restricted stock units (RSUs) on June 15, 2026. The grant is reported as a derivative award (transaction code A) with an acquisition price of $0.00. Each RSU represents a contingent right to receive one share of Meta Class A common stock upon settlement.
Key Details
- Transaction date: June 15, 2026; Form 4 filed June 17, 2026 (appears timely under Form 4 rules).
- Grant: 612 RSUs at $0.00 (derivative award).
- Shares owned after transaction: Not specified in the provided filing details.
- Footnotes: F1 — each RSU converts to 1 share on settlement; F2 — RSUs vest 100% on May 15, 2027, unless the 2027 annual meeting occurs earlier and certain re-election conditions apply, in which case they vest on the meeting date.
- No 10b5-1 plan, tax-withholding sale, or sale of underlying shares noted in this filing.
Context
- RSU grants are a common form of director compensation and do not require an immediate cash outlay; they convert to actual shares only upon vesting/settlement. This award alone is not a direct buy or sell of stock and should be viewed as a compensation grant rather than an immediate market signal.