Bruzzo Chris 4
Research Summary
AI-generated summary
Peloton (PTON) Director Chris Bruzzo Converts RSUs for 9,023 Shares
What Happened
- Director Chris Bruzzo had 9,023 Restricted Stock Units (RSUs) convert into 9,023 shares of Peloton Class A common stock on June 9, 2026 (reported as an exercise/conversion of a derivative, transaction code M). The filing also shows a simultaneous disposal of 9,023 shares at $0.00, which is commonly how issuers report shares surrendered or withheld to satisfy tax withholding obligations.
Key Details
- Transaction date: 2026-06-09
- Acquired: 9,023 shares (conversion of RSUs); Acquisition price shown as N/A
- Disposed: 9,023 shares at $0.00 (reported as a derivative disposition)
- Shares owned after transaction: Not specified in this filing
- Footnotes: F1 — each RSU equals a contingent right to one share; F2 — these RSUs vest 25% quarterly on Mar 9, Jun 9, Sep 9 and the earlier of Dec 9 or the 2026 annual meeting, subject to continued service
- Filing timeliness: Reported on 2026-06-11 for a 2026-06-09 transaction (appears timely)
Context
- This report reflects a vesting/conversion of RSUs rather than an open-market purchase or a cash sale. The $0.00 disposition typically indicates shares were surrendered/withheld (often for taxes or required withholding) rather than sold on the market; such withholding is routine and does not necessarily signal a view on the company's stock.