Gerber Andrew A. 4
Research Summary
AI-generated summary
Paymentus (PAY) GC Andrew Gerber Receives RSU Award
What Happened
- Andrew A. Gerber, General Counsel and Secretary of Paymentus Holdings, received an award of 23,274 restricted stock units (RSUs) on March 9, 2026. The grant was reported on a Form 4 filed March 11, 2026. The award was recorded at $0.00 per share at grant (code A — grant/award/acquisition).
Key Details
- Transaction date: March 9, 2026; Form 4 filed: March 11, 2026 (timely filing).
- Grant size and price: 23,274 RSUs granted at $0.00 (no immediate cash value recorded at grant).
- Plan: Award made under the Issuer’s 2021 Equity Incentive Plan.
- Vesting: One-fifth of the RSUs vest on March 9, 2027; thereafter, one-twentieth vests quarterly on each Quarterly Vesting Date (Feb 15, May 15, Aug 15, Nov 15), beginning August 15, 2027 (see footnote F1).
- Shares owned after transaction: not specified in the provided filing summary.
- No 10b5-1 plan, tax-withholding, or immediate sale noted in the provided details.
Context
- RSUs are a form of compensation that convert into actual shares only when they vest; this grant does not represent an immediate open-market purchase or sale. Such grants are common executive compensation and do not by themselves indicate a buy or sell decision by the insider. When RSUs vest and are converted to shares, any subsequent sale would be reported separately.