Schodorf Thomas E 4
4 · Rapid7, Inc. · Filed Jun 10, 2026
Research Summary
AI-generated summary of this filing
Rapid7 (RPD) Director Thomas E. Schodorf Receives RSU Award
What Happened Thomas E. Schodorf, a director of Rapid7, was granted 15,208 restricted stock units (RSUs) on June 9, 2026. The Form 4 reports the acquisition as an award (code A) with an acquisition price of $0. These RSUs represent contingent rights to receive one share of Rapid7 common stock per unit once vested.
Key Details
- Transaction date: 2026-06-09 (Form 4 filed 2026-06-10; appears timely).
- Security and amount: 15,208 restricted stock units (RSUs); reported acquisition price $0.
- Vesting: Grant vests in full on the earlier of (i) the issuer's next annual meeting after the grant or (ii) the first anniversary of the grant, subject to continued service (see footnote).
- Footnotes: F1 explains each RSU converts to one share when vested; F2 describes the vesting schedule; F3 notes certain shares are held by a family trust (the reporting person disclaims beneficial ownership of those trust shares).
- Other: Exhibit 24 (Power of Attorney) referenced in the filing.
- Shares owned after transaction: Not specified in the provided filing excerpt.
Context RSU grants are a common form of director compensation and do not represent an open-market purchase or sale. While the grant is recorded at $0 on the Form 4 (typical for equity awards), the economic value to the holder will depend on Rapid7’s share price when the units vest and convert to shares. This filing is informational about compensation rather than a direct buy/sell signal.
Insider Transaction Report
- Award
COMMON STOCK
[F1][F2]2026-06-09+15,208→ 49,648 total
- 16,020(indirect: By Trust)
COMMON STOCK
[F3]
Footnotes (3)
- [F1]This security represents restricted stock units. Each restricted stock unit represents a contingent right to receive one share of common stock of the Issuer.
- [F2]This restricted stock unit grant vests in full on the earlier of: (i) the date of the Issuer's next annual meeting of stockholders held after the date of the grant or (ii) the first anniversary of the date of grant, in each case subject to the Reporting Person's continued service with the Issuer through the applicable vesting date.
- [F3]Represents shares held by a family trust of which the Reporting Person's spouse and child are trustees. The Reporting Person's spouse and children are the sole beneficiaries of the trust and the Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.