Denny Laurence 4
Research Summary
AI-generated summary
8x8 (EGHT) Chief Legal Officer Denny Laurence Receives Award
What Happened
- Denny Laurence, Chief Legal Officer of 8x8, Inc. (EGHT), was granted 234,500 restricted stock units (transaction code A) on June 1, 2026. The Form 4 shows an acquisition price of $0.00, indicating these RSUs were awarded (not purchased) and therefore no cash was exchanged at grant.
Key Details
- Transaction date: 2026-06-01; Form 4 filed: 2026-06-02 (timely filing).
- Grant amount: 234,500 RSUs; reported acquisition price: $0.00 (award/grant).
- Shares owned after transaction: Not disclosed in the filing.
- Footnote: RSUs vest 33.3% on the first anniversary of the June 1, 2026 vesting commencement date, then 8.3375% each quarter thereafter for eight quarters (continued employment required). Each RSU represents a contingent right to one share of EGHT common stock.
- Transaction type: Award/grant (code A). Not a sale or purchase; no immediate proceeds.
Context
- Restricted stock units are compensation that convert to shares only upon vesting; they are primarily a retention/compensation tool rather than a direct market trade. This grant does not represent a cash purchase or a sale and does not indicate immediate insider buying or selling behavior.