McDermott William R 4
Research Summary
AI-generated summary
Figma (FIG) Director William R. McDermott Receives RSU Award
What Happened
William R. McDermott, a director of Figma, Inc. (FIG), received an award of 12,415 restricted stock units (RSUs) on June 2, 2026. The grant was reported at $0.00 per unit (an RSU award, not a cash purchase), meaning these are compensation grants that convert to shares on settlement according to the award terms.
Key Details
- Transaction date: 2026-06-02; reported filing date: 2026-06-04 (Form 4 accession 0001334944-26-000028).
- Transaction type/code: Award/Grant (A). Price per unit reported: $0.00.
- Quantity: 12,415 RSUs granted. Total reported cash value: $0 (RSUs are contingent awards).
- Shares owned after transaction: Not specified in the filing.
- Footnotes: F1 — the 12,415 RSUs vest per the award terms; each RSU represents a contingent right to one share of Class A Common Stock upon settlement. F2 — certain securities are represented by RSUs.
- Timeliness: Filing appears timely (filed two days after the transaction, within the Form 4 reporting window).
Context
RSU grants are a form of compensation/retention and do not represent an immediate open-market purchase or sale. The RSUs will only convert into actual shares if and when they vest and are settled, which can affect future dilution and insider ownership but does not immediately change outstanding shares. This filing documents a routine compensation grant rather than a market trade.