Brown Marc Evan 4
4 · Rapid7, Inc. · Filed Jun 12, 2023
Insider Transaction Report
Form 4
Rapid7, Inc.RPD
Brown Marc Evan
Director
Transactions
- Award
COMMON STOCK
2023-06-08+4,297→ 42,614 total - Award
COMMON STOCK
2023-06-08+1,551→ 44,165 total
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]The number of restricted stock units reflects the value of the Reporting Person's annual cash compensation under the Issuer's Non-Employee Director Compensation Policy. The Reporting Person has elected, in accordance with the Issuer's Non-Employee Director Compensation Policy, to have all or a portion of their annual cash compensation paid in the form of equity in lieu of cash compensation. This restricted stock unit grant vests in four quarterly installments, with the first installment vesting on September 30, 2023 and vesting 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.