Troughton Mark T 4
4 · Chime Financial, Inc. · Filed Mar 16, 2026
Research Summary
AI-generated summary of this filing
Chime (CHYM) President Mark T. Troughton Receives RSU Award
What Happened
Mark T. Troughton, President of Chime Financial (CHYM), received two awards on March 12, 2026 totaling 619,137 restricted stock units (RSUs): 206,379 RSUs and 412,758 RSUs. Both awards were granted at $0.00 (typical for RSU compensation), representing contingent rights to receive Class A common stock if and when the RSUs vest. This is a compensation award (neither a cash purchase nor a sale).
Key Details
- Transaction date: March 12, 2026; Form 4 filed March 16, 2026 (filed within 2 business days).
- Awards: 206,379 RSUs and 412,758 RSUs — total 619,137 RSUs; grant price listed as $0.00.
- Shares owned following the transaction: not specified in the provided filing summary.
- Footnotes:
- F1: These RSUs convert to one share each when vested; 1/16th of the RSUs vests on May 15, 2026 and quarterly thereafter, subject to continued service.
- F2: Certain RSUs are subject to their applicable vesting schedules and conditions.
- F3: The filing also notes an option-style vesting schedule (1/48th vest on March 15, 2026 and monthly thereafter); the reported items here are RSU grants, not an option exercise.
- Transaction code: A = Award/Grant (derivative RSUs represent contingent rights to stock).
Context
RSU grants are standard executive compensation and do not reflect an immediate cash investment or sale. Derivative RSUs become actual shares only upon vesting according to the schedules above. For retail investors, purchases or open-market insider buys are often stronger near-term signals than routine compensation awards; this filing documents executive compensation rather than a change in the insider’s market exposure today.
Insider Transaction Report
- Award
Class A Common Stock
[F1][F2]2026-03-12+206,379→ 2,886,106 total - Award
Employee Stock Option (Right to buy)
[F3]2026-03-12+412,758→ 412,758 totalExercise: $21.62Exp: 2036-03-11→ Class A Common Stock (412,758 underlying)
Footnotes (3)
- [F1]These securities are restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock. One-sixteenth (1/16th) of the RSUs shall vest on May 15, 2026 and quarterly thereafter, subject to the Reporting Person continuing as a service provider through each such date.
- [F2]Certain of these securities are RSUs. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock, subject to the applicable vesting schedule and conditions of each RSU.
- [F3]1/48th of the shares subject to the option will vest on March 15, 2026 and 1/48th of the shares vest monthly thereafter, subject to the Reporting Person's continued service through each vesting date.