Twilio (TWLO) Director Jeffrey Immelt Receives RSU Award

What Happened Jeffrey R. Immelt, a director of Twilio Inc. (TWLO), was granted and immediately vested in 352 restricted stock units (RSUs) on 2026-09-15. The Form 4 reports the acquisition price as $0.00 because these were an award/grant (code A); the RSUs represent the contingent right to one share each and vested on the grant date. The awarded shares are held by the "Jeffrey R. Immelt February 2026 Twilio GRAT" (a grantor retained annuity trust).

Key Details

• Transaction date: 2026-09-15 (reported on Form 4 filed 2026-09-17).
• Transaction type/code: Award/Grant (A).
• Amount: 352 RSUs acquired; reported price $0.00.
• Shares owned after the transaction: not specified in this filing.
• Footnotes: (1) Each RSU converts to one share of Class A common stock and vested immediately on grant. (2) The shares are held in the Jeffrey R. Immelt February 2026 Twilio GRAT (dated March 4, 2026).
• Timeliness: Form 4 was filed two days after the transaction date, which is within the typical SEC reporting window for insider filings.

Context This transaction is an award/vesting event (compensation/estate-planning vehicle) rather than an open‑market purchase or sale. Awards and transfers into trusts (like a GRAT) are common for compensation and estate planning and do not, by themselves, indicate the insider’s buy/sell sentiment.