Patiath Pradip 4
Research Summary
AI-generated summary
Verisk (VRSK) Director Pradip Patiath Receives RSU Award
What Happened
- Pradip Patiath, a director of Verisk Analytics (VRSK), was granted 1,347 restricted stock units (RSUs) on 2026-05-19. The Form 4 reports the acquisition price as $0.00 (an awarded grant), so the filing shows $0 cash paid for the award. This is a compensation-related grant, not an open-market purchase or sale.
Key Details
- Transaction date: 2026-05-19; Form 4 filed: 2026-05-26 (7 days after the transaction).
- Instrument: Restricted Stock Units (RSUs) — 1,347 units granted; reported price $0.00.
- Shares owned after transaction: Not disclosed in the filing.
- Footnote: RSUs granted under the Issuer’s 2021 Equity Incentive Plan. Per the award agreement, the RSUs vest in full upon the earlier of (i) the next Annual Shareholders Meeting or (ii) one year after the grant date.
- Filing timeliness: The Form 4 was filed several days after the transaction date (appears late relative to the typical 2-business-day requirement), which can reduce near-term transparency.
Context
- RSU grants are a common form of executive/director compensation and don’t represent a market buy or sell decision; they typically vest over time and convert into shares when vested. This award alone should be viewed as compensation disclosure rather than a direct signal of insider buying or selling.