Research Summary
AI-generated summary of this SEC filing
Unisys (UIS) SVP David J. Bundy Receives RSU Award
What Happened
- David J. Bundy, Senior Vice President and Chief People Officer of Unisys (UIS), was granted 58,529 time‑based restricted stock units (TB‑RSUs) on August 3, 2026. The grant is reported at a per‑share value of $2.99, for a total grant value of approximately $175,002. This is an equity award (compensation), not an open‑market purchase or sale.
Key Details
- Transaction date: August 3, 2026; reported on Form 4 filed August 5, 2026 (appears timely).
- Grant details: 58,529 TB‑RSUs; reporting value $2.99 per share; total ~$175,002.
- Vesting: TB‑RSUs vest one‑third on each anniversary of the grant date over three years (per footnote).
- Shares owned after transaction: not specified in the provided filing excerpt.
- No 10b5‑1 plan, tax withholding, or sale reported in this filing.
Context
- Time‑based RSU awards are a common form of executive compensation designed to retain executives; they do not represent an immediate cash purchase or sale. Vesting schedule means the economic benefit is realized over future anniversaries rather than immediately.