Butterfield Peter 4
Research Summary
AI-generated summary
Flywire (FLYW) General Counsel Peter Butterfield Receives RSU Award
What Happened
- Peter Butterfield, General Counsel and Chief Compliance Officer of Flywire (FLYW), was granted a time‑based restricted stock unit (RSU) award for 181,159 shares on February 24, 2026. The Form 4 reports the acquisition as an award with a recorded price of $0.00 (no cash exchanged in the filing).
Key Details
- Transaction date: 2026-02-24 (reported on Form 4 filed 2026-02-26).
- Transaction type: Award/Grant (code A); 181,159 RSUs @ $0.00 per share as reported.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnote (F1): 25% of the RSUs vest on March 1, 2027; the remainder vests in equal quarterly installments over the following three years, contingent on continuous service through each vesting date.
- Filing timeliness: Form 4 was filed Feb 26, 2026 (covers the 2/24/2026 grant); filing appears timely per standard Form 4 reporting rules.
Context
- RSUs are compensation awards that convert to actual shares only as they vest; this is a grant (compensation) event rather than an open‑market purchase or sale. Such awards are common for employee compensation and do not, by themselves, indicate insider buying or selling sentiment.