Klein Michael Stuart 4
Research Summary
AI-generated summary
Skillsoft Director Michael Klein Receives 17,500 RSU Award
What Happened
Michael Stuart Klein, a director of Skillsoft Corp. (SKIL), received a grant of 17,500 restricted stock units (RSUs) on 2026-06-30. The RSUs were reported with an acquisition price of $0.00 (derivative award), meaning no cash was paid by the insider. This is a grant/compensation award rather than a purchase or sale of existing shares.
Key Details
- Transaction date: 2026-06-30; Form 4 filed 2026-07-02.
- Award: 17,500 restricted stock units (derivative), reported at $0.00 per unit.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnote F1: Each RSU represents a contingent right to receive one share of Class A common stock upon vesting.
- Footnote F2: RSUs vest on the earlier of (i) one-year anniversary of the grant or (ii) the issuer’s next annual meeting of stockholders following the grant date, subject to Klein’s continued service.
- No 10b5-1 plan, tax-withholding sell-to-cover, or immediate sale was reported in this filing.
Context
Restricted stock units are a form of equity compensation that convert into company shares only after vesting; they do not represent an immediate market purchase or sale. Grants like this are commonly used to compensate and retain directors and executives and do not by themselves indicate a buy or sell sentiment.