Allen John K 4
Research Summary
AI-generated summary
Rambus (RMBS) CAO John K. Allen Receives RSU Award
What Happened
- John K. Allen, Chief Accounting Officer of Rambus, was granted 2,779 restricted stock units (RSUs) on April 1, 2026 (award reported at $0.00). To cover tax withholding related to the vesting, 495 shares were withheld at $89.95 each ($44,525) and 658 shares were withheld at $89.95 each ($59,187), for a combined withholding of 1,153 shares and cash proceeds of $103,712. RSUs represent a contingent right to receive one share of RMBS common stock on vesting.
Key Details
- Transaction date: April 1, 2026; filing date: April 3, 2026 (appears timely).
- Grant: 2,779 RSUs (reported acquisition price $0.00).
- Withheld for taxes: 495 shares @ $89.95 = $44,525; 658 shares @ $89.95 = $59,187; total withheld 1,153 shares, $103,712.
- Vesting: RSUs vest in four equal annual installments beginning April 1, 2027 (footnote).
- Footnotes: portions of the reported shares include prior exempt ESPP purchases (269 and 277 shares referenced); withheld shares were used to cover tax liability.
- Shares owned after the transaction: not specified in the provided excerpt of the filing.
Context
- These entries reflect an RSU award (future-delivery equity) and routine tax-withholding (cashless share withholding), not an open-market sale or purchase. RSU grants indicate potential future ownership if vesting conditions are met; withheld shares to cover taxes are common and do not necessarily signal a view on the company’s stock.