JUNG ANDREA 4
Research Summary
AI-generated summary
Apple (AAPL) Director Andrea Jung Receives Award
What Happened
Andrea Jung, a director of Apple Inc., was granted 1,139 restricted stock units (RSUs) on February 24, 2026. The Form 4 reports the acquisition as a derivative award at $0.00 per unit (total reported value $0) — this is a compensation grant, not an open‑market purchase or sale.
Key Details
- Transaction date: 2026-02-24; Form filed: 2026-02-26 (appears timely — within the typical 2-business‑day window).
- Security/amount: 1,139 restricted stock units (each RSU represents the right to receive one share at settlement).
- Reported price/value on Form 4: $0.00 per unit (reported as a derivative award).
- Vesting: 100% of the RSUs are scheduled to vest on February 1, 2027, subject to continued service. (Grant was automatic under the Apple Inc. Non‑Employee Director Stock Plan.)
- Shares owned after transaction: not specified in this filing.
- Transaction code: A = Award/Grant.
Context
Restricted stock units are a form of equity compensation that convert into shares (or cash) at settlement and vest over time; they are not purchases and do not by themselves indicate a trading signal. This grant was automatic under Apple’s director compensation plan and will vest if Jung remains on the board through the vesting date.