HULL CHARLES W 4/A
Research Summary
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3D Systems (DDD) EVP Charles Hull Receives 65,000-Share Awards
What Happened
- Charles W. Hull, EVP & Chief Technology Officer of 3D Systems (DDD), received equity awards on April 1, 2025: 32,500 restricted shares and 32,500 performance share units (total 65,000). Both awards were reported as acquisitions at $0.00 per share (no cash paid). This is an award/compensation event (transaction code A), not an open-market purchase or sale.
Key Details
- Transaction date: April 1, 2025; Form 4 filed as an AMENDED report on March 17, 2026 (filing was inadvertently late per filing footnote). Transaction timeliness: Late (L).
- Shares and prices: 32,500 restricted stock shares @ $0.00; 32,500 performance share units (derivative) @ $0.00. Total awarded = 65,000 units; reported dollar value = $0.
- Vesting and conditions: Restricted shares vest one‑third on 4/1/2026, one‑third on 4/1/2027, and the remainder on 4/1/2028, subject to continued employment (footnote). Each performance share unit is a contingent right to receive one common share if the issuer’s stock reaches specified price conditions (footnote).
- Ownership disclosure: Award is held via the Charles William Hull and Charlene Antoinette Hull 1992 Revocable Living Trust for which Hull is trustee (footnote). The filing does not state total shares beneficially owned after the awards.
Context
- These awards are compensation-related grants. Restricted shares vest over time; performance share units only convert to actual shares if performance/price targets are met, so they are contingent and not immediate market purchases or sales.
- The filing was amended and notes the original report was filed late due to administrative error; late filings can affect timeliness of public disclosure but do not change the substance of the awards.