Edmond Landon 4
4 · Klaviyo, Inc. · Filed Apr 17, 2026
Research Summary
AI-generated summary of this filing
Klaviyo (KVYO) CLO Edmond Landon Receives RSU & PSU Award
What Happened Edmond Landon, Klaviyo’s Chief Legal Officer, received two equity awards on April 15, 2026: 151,515 restricted stock units (RSUs) and 129,870 performance stock units (PSUs). Both awards were granted at $0.00 (they are awards, not purchases). The RSUs vest over a multi-quarter schedule (service-based); the PSUs vest only if specified stock-price performance targets are met.
Key Details
- Transaction date: 2026-04-15; Form 4 filed: 2026-04-17 (timely within the usual two-business-day window).
- Award details: 151,515 RSUs (F1) and 129,870 PSUs (F2) granted; grant price reported $0.00.
- Shares owned after grant (per filing F4): 83,955 vested Series A common shares; 379,922 unvested RSUs; and 129,870 unvested PSUs.
- Vesting notes: RSUs vest in scheduled quarterly installments starting May 15, 2026 (see F1). PSUs vest in up to three tranches over a two-year measurement tied to stock-price hurdles (see F2/F3).
- Performance targets for PSUs: average closing-price hurdles of $30.00, $50.00 and $75.00 for tranches 1–3 (subject to adjustment for stock splits) (F3).
Context RSUs are service-based awards that convert to shares as they vest; PSUs are contingent on both continued service and meeting stock-price performance thresholds, so they may never convert to shares if targets aren’t met. These awards are compensation grants (not open-market buys or sales) and represent potential future dilution rather than an immediate cash investment or sale.
Insider Transaction Report
- Award
Series A Common Stock
[F1]2026-04-15+151,515→ 463,877 total - Award
Series A Common Stock
[F2][F3][F4]2026-04-15+129,870→ 593,747 total
Footnotes (4)
- [F1]Represents restricted stock units ("RSUs") awarded under the Issuer's 2023 Stock Option and Incentive Plan (the "Plan"), each representing the contingent right to receive one share of the Issuer's Series A Common Stock, par value $0.001 per share ("Series A Common Stock"), upon vesting and settlement. The RSUs vest as follows: (i) 50% of the RSUs will vest in eight equal quarterly installments, with the first such installment vesting on May 15, 2026, and (ii) thereafter the remaining 50% of the RSUs will vest in four equal quarterly installments, subject to the Reporting Person's continued service on each such vesting date.
- [F2]Represents performance stock units ("PSUs") awarded under the Plan, each representing the contingent right to receive one share of Series A Common Stock upon vesting and settlement. The PSUs will vest in up to three tranches over a two-year measurement period, subject to the achievement of specified performance targets tied to the trading price of the Series A Common Stock and the Reporting Person's continued service in the same or substantially equivalent position as the Reporting Person held as of the grant date through the applicable vesting date. Each tranche of PSUs will vest only if the average closing price of the Series A Common Stock for a period of at least sixty consecutive calendar days is at or above a specified dollar value during the applicable measurement period.
- [F3](continued) The stock price targets for tranches 1 through 3 are $30.00, $50.00, and $75.00 per share, respectively, subject to proportionate adjustment in the event of any stock split or other similar change in the Issuer's capital stock.
- [F4]Consists of (i) 83,955 shares of Series A Common Stock; (ii) 379,922 unvested RSUs awarded under the Plan, each representing the contingent right to receive one share of Series A Common Stock upon vesting and settlement; and (iii) 129,870 unvested PSUs awarded under the Plan, each representing the contingent right to receive one share of Series A Common Stock upon vesting and settlement.