Barsamian Sue 4
Research Summary
AI-generated summary
Box (BOX) Director Sue Barsamian Receives RSU Award
What Happened
- Sue Barsamian, a director of Box, received a grant of 8,372 restricted stock units (RSUs) on June 25, 2026. The award was recorded at a $0.00 acquisition price (typical for compensation grants); no cash was exchanged. These RSUs represent contingent rights to receive one share of Box Class A common stock upon settlement.
Key Details
- Transaction date and price: 2026-06-25; 8,372 RSUs; $0.00 acquisition price.
- Shares owned after transaction: Not specified in the filing.
- Footnotes: F1 – annual outside director RSU award; 100% vests on the earlier of (i) 12 months from grant (June 25, 2027) or (ii) the issuer’s next annual meeting. F2 – confirms these units convert to shares upon vesting, subject to continuous service.
- Filing timeliness: Report filed 2026-06-29 for a 2026-06-25 grant; this meets the Form 4 two-business-day filing requirement (timely).
Context
- This is a routine director compensation award, not an open-market purchase or sale. RSUs are contingent awards that convert to shares only when they vest, so they do not represent immediately tradable stock. Such grants are common for non-employee directors and are primarily compensation rather than a direct trading signal.