Salter John S. 4
Research Summary
AI-generated summary
Beachbody (BODI) Director John S. Salter Receives 9,182-Share Award
What Happened
- John S. Salter, a director of Beachbody Company, was granted 9,182 restricted stock units (reported as a derivative award/DSUs) on 2026-06-02. The Form 4 lists the acquisition price as $0.00, which is typical for RSU/DSU awards that are compensation rather than open-market purchases.
Key Details
- Transaction type: Award/Grant (code A) of 9,182 restricted stock units (derivative securities).
- Transaction date: 2026-06-02; Form 4 filed 2026-06-04 (timely filing).
- Reported acquisition price: $0.00 (standard for equity compensation grants).
- Shares owned after transaction: Not reported in the information provided on this filing.
- Footnote (F1): These RSUs are deferred under the director Deferred Compensation Plan (DSUs). Payment may be in cash or stock at the issuer’s election and will occur within 45 days after the earlier of the director’s separation from service, death, disability, or a change in control. Vesting occurs on the earlier of the first anniversary of the grant or the next annual meeting, subject to continued service. No expiration date.
Context
- This is a compensation award for a director (not an open-market buy or sale). DSU grants increase potential future holdings but are typically part of standard director pay and do not, by themselves, signal a trading decision. The award vests per the DSU rules above and may be settled in cash or shares upon the triggering event.