Bergh Charles V 4
Research Summary
AI-generated summary
Pinterest (PINS) Director Charles V. Bergh Receives RSU Award
What Happened
- Charles V. Bergh, a director of Pinterest, was granted 13,996 restricted stock units (RSUs) on 2026-05-22 at a reported fair value of $19.29 each, totaling $269,983. This transaction is an award/acquisition (Form 4 code A), not an open-market buy or sale.
Key Details
- Transaction date and value: 2026-05-22; 13,996 RSUs at $19.29 each; total value $269,983.
- Shares owned after transaction: Not specified/disclosed in this filing.
- Vesting and terms: RSUs scheduled to vest in full on the earlier of (i) May 22, 2027 or (ii) the date immediately prior to the next regular annual stockholders meeting, subject to continued service; immediate full vesting upon a change in control. Each RSU represents the right to receive one share of Class A common stock. (Footnotes F1, F2)
- Filing timeliness: Form filed 2026-05-27 for a 2026-05-22 transaction, which appears to be after the typical two-business-day Form 4 filing deadline.
Context
- This was a compensation award (RSUs) commonly granted to directors and does not represent an open-market purchase or sale. RSUs are contingent on future vesting conditions and represent the right to receive shares once vested; they are routinely used for long-term alignment rather than immediate trading.