Murphy John Francis 4
Research Summary
AI-generated summary
LegalZoom (LZ) Director John F. Murphy Receives RSU Award
What Happened John F. Murphy, a director of LegalZoom.com, Inc. (LZ), received a grant of 35,585 restricted stock units (RSUs) on June 3, 2026. The Form 4 reports the acquisition price as $0 (typical for RSU awards); the RSUs will convert to an equivalent number of shares upon vesting. This is a compensation award, not an open-market purchase or sale.
Key Details
- Transaction date: 2026-06-03; transaction type: Award/Grant (code A).
- Shares granted: 35,585 RSUs; reported acquisition price: $0 (total reported value $0 on Form 4).
- Vesting: RSUs vest in a single installment on the earlier of (a) the day before the issuer's next annual meeting or (b) one year after grant, subject to continued service (per footnote).
- Shares owned after transaction: Not specified in the provided filing.
- Filing timeliness: No late filing indicated in the provided report.
Context RSU grants are a common form of executive/director compensation and only convert into actual shares if the vesting conditions are met; they do not represent an immediate cash purchase or sale. For retail investors, such awards are typical and primarily reflect compensation policy rather than a direct buy/sell signal.