DAVIDS JODY R 4
Research Summary
AI-generated summary
Paymentus (PAY) Director Jody R. Davids Receives RSU Award
What Happened
- Jody R. Davids, a director of Paymentus Holdings, Inc. (PAY), received an award of 8,280 restricted stock units (RSUs) on 2026-06-08. The grant is reported as an acquisition at $0.00 in the Form 4 (no cash exchanged at grant).
- These RSUs represent the right to receive one share of Class A common stock per RSU on vesting. The grant was made under the Issuer's 2021 Equity Incentive Plan.
Key Details
- Transaction date: 2026-06-08; filing date: 2026-06-09 (timely filed).
- Transaction type/code: Award/Grant (A); reported acquisition amount: 8,280 RSUs at $0.00.
- Shares owned after transaction: Not specified in the provided filing.
- Footnote: RSUs vest on the one-year anniversary of the grant date and are contingent on continued service (per the 2021 Equity Incentive Plan).
- No indication of a 10b5-1 plan, immediate sale, tax-withholding sale, or late filing in this report.
Context
- RSU grants are compensation awards that convert to shares upon vesting and do not represent an immediate open-market purchase or sale. They are common for directors and employees and do not, by themselves, directly indicate the insider’s trading view of the stock.