Durkin Dennis M 4
Research Summary
AI-generated summary
Roblox (RBLX) Director Dennis Durkin Receives RSU Award
What Happened
- Dennis M. Durkin, a director of Roblox Corporation (RBLX), was granted a total of 3,524 restricted stock units (RSUs) on 2026-03-19: 2,728 RSUs and an additional 796 RSUs. Each RSU represents a contingent right to one share of Class A common stock. The grants were awarded at $0.00 per RSU (no cash paid), so the reported acquisition value is $0.
Key Details
- Transaction date: 2026-03-19; Filing date: 2026-03-23 (filed within the required reporting window).
- Grants: 2,728 RSUs (see footnote F1) and 796 RSUs (see footnote F2); total 3,524 RSUs; price reported $0.00; total reported value $0.
- Vesting: Per F1, the 2,728 RSUs vest 1/3 on each of May 20, 2027, May 20, 2028 and May 20, 2029, subject to continued service. F2 indicates a portion of the other grant are RSUs (contingent similar rights).
- Shares owned after the transaction: Not specified in this Form 4 filing.
- Related-party holding: Footnote F3 notes certain shares are held directly by the Dennis and Madeleine Durkin 2017 Family Trust, for which Durkin is trustee and may be deemed a beneficial owner.
Context
- These are equity awards (RSUs), not open-market purchases or option exercises. RSUs vest over time if the reporting person remains a service provider; they do not require cash outlay at grant. Awards like this are common for director compensation and do not, by themselves, indicate a buy or sell signal.