Burke Russell John 4
4 · Life360, Inc. · Filed Mar 27, 2026
Research Summary
AI-generated summary of this filing
Life360 (LIF) CFO Russell Burke Receives 24,265-Share Award
What Happened
Russell John Burke, Chief Financial Officer of Life360, was credited with 24,265 shares on March 25, 2026 via the settlement/conversion of performance-based restricted stock units (PRSUs). The transaction is reported as an acquisition at $0.00 per share (no cash paid). The PRSUs were originally granted on April 9, 2025 and the performance metric was determined to be satisfied on March 25, 2026.
Key Details
- Transaction date: March 25, 2026; Form 4 filed March 27, 2026 (timely).
- Reported acquisition: 24,265 shares at $0.00 (award/settlement of PRSUs).
- Footnote highlights: The PRSUs were grant-dated April 9, 2025; each PRSU converts to one share on settlement. 25% of the PRSUs vested on Jan 1, 2026; the remaining 75% converted to time-based RSUs vesting in 12 equal quarterly installments thereafter, subject to continued service.
- Other holdings/transfers noted: filing references 80,838 previously granted RSUs and a prior trustee transfer of 22,284 directly held shares to a revocable trust (exempt under Rule 16a-13).
- Filing does not state total shares beneficially owned by the reporting person after this transaction.
Context
This was an equity award/settlement tied to a previously granted performance award, not an open‑market purchase or sale. Such awards are a routine part of executive compensation and reflect plan payouts when performance targets are met; they do not by themselves indicate the insider buying or selling stock in the open market. Transfers to trusts noted in the filing are reported as exempt transfers and likewise do not imply market trading intent.
Insider Transaction Report
- Award
Common stock
[F1][F2]2026-03-25+24,265→ 80,838 total
- 113,361(indirect: By Trust)
Common stock
[F3][F4]
Footnotes (4)
- [F1]Represents performance-based restricted stock units ("PRSUs") granted to the Reporting Person on April 9, 2025. In light of the performance-based vesting condition, this grant was not reportable under Section 16 until the performance metric was satisfied. On March 25, 2026, it was determined that the performance metric had been met. Each PRSU represents a contingent right to receive one share of the Issuer's common stock upon settlement. 25% of the PRSUs vested on January 1, 2026 with the remaining 75% converting to time-based RSUs and vesting in twelve equal quarterly installments thereafter, subject to the Reporting Person's continuous service through each vest date.
- [F2]Includes 80,838 restricted stock units previously granted, each of which represents a contingent right to receive one share of the Issuer's common stock upon vesting.
- [F3]The Reporting Person transferred 22,284 directly held shares to the Russell John Burke Revocable Trust & Jeanette L Calandra Revocable Trust ELD as TIC, which transfer was exempt from Section 16 pursuant to Rule 16a-13 under the Securities Exchange Act of 1934, as amended.
- [F4]Shares were previously reported as held by the "Russell John Burke Revocable Trust," which was an abbreviation for the "Russell John Burke Revocable Trust & Jeanette L Calandra Revocable Trust ELD as TIC." As of this Form 4, the Reporting Person is included the full name of the trust for clarification purposes.