Research Summary
AI-generated summary of this SEC filing
Radware (RDWR) CTO Aviv Meleh Receives 20,000 RSUs
What Happened Aviv David Meleh, Chief Technology Officer of Radware Ltd (RDWR), received a grant of 20,000 restricted stock units (RSUs) on July 28, 2026. The RSUs were reported at $0.00 per unit (typical for RSU awards) — they are a contingent right to receive ordinary shares when they vest rather than an immediate purchase or sale.
Key Details
- Transaction date: 2026-07-28; Filing date (Form 4): 2026-08-14 (appears late relative to the 2-business-day Form 4 rule).
- Type: Award/Grant (Transaction code A).
- Units granted: 20,000 RSUs at $0.00 per unit.
- Vesting: 8,000 RSUs vest on the one-year anniversary of the grant; 12,000 RSUs vest on the second anniversary. Each RSU converts to one ordinary share upon settlement (per footnote).
- Shares owned after transaction: Not specified in the provided filing.
- Filing timeliness: The Form 4 was filed on Aug 14 for a Jul 28 grant — reported late; late filings should be noted but do not by themselves indicate wrongdoing.
Context RSU grants are compensation and do not reflect an open-market purchase or sale. Because they vest over time, they primarily represent future potential issuance of shares to the executive rather than an immediate investment signal. Retail investors should view awards as a standard part of executive pay unless accompanied by large concurrent sales or other unusual activity.