Santos Edwin J 4
Research Summary
AI-generated summary
Flywire (FLYW) Director Edwin J. Santos Receives RSU Award
What Happened
- Edwin J. Santos, a director of Flywire Corp (FLYW), was granted 11,558 restricted stock units (reported as an "A" acquisition) on June 2, 2026. The units were reported at an acquisition price of $0.00 (no cash paid). The filing does not state a dollar value for the grant.
- The award vests on the earlier of (a) June 2, 2027 or (b) the issuer’s next annual meeting of stockholders, subject to continued service. Vesting accelerates upon a change in control or the reporting person’s earlier death or disability.
Key Details
- Transaction date: 2026-06-02; Form 4 filed 2026-06-04 (timely filing within required window).
- Instrument: 11,558 restricted stock units (RSUs); acquisition price $0.00.
- Shares owned after transaction: not specified in the filing.
- Footnote: RSUs vest by June 2, 2027 (or sooner at next annual meeting) and accelerate on change in control, death, or disability.
- Transaction code: A (award/grant).
Context
- RSUs are a common equity compensation method for directors and typically convert into common shares at vesting; they do not require an immediate cash outlay and their value depends on Flywire’s future stock price.
- Grants to directors are routine compensation and do not by themselves indicate purchase or sale sentiment by the insider.