Payne Christopher D 4
4 · Robinhood Markets, Inc. · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
Robinhood (HOOD) Director Christopher Payne Receives RSU Award
What Happened
Christopher D. Payne, a director of Robinhood Markets, was granted 3,289 restricted stock units (RSUs) on June 2, 2026. The RSUs are reported as an acquisition at $0.00 (typical for equity awards) and are derivative awards that convert one‑for‑one into Class A common stock upon vesting. This is a compensation award (not an open‑market purchase or sale).
Key Details
- Transaction date and form: June 2, 2026 — Grant/award of 3,289 RSUs (derivative) reported at $0.00.
- Plan and program: Granted under Robinhood’s 2021 Omnibus Incentive Plan and as the Reporting Person’s annual award under the Non‑Employee Director Compensation Program.
- Vesting schedule: 1/4 vests on October 1, 2026; the remainder vests in three equal quarterly installments thereafter (final installment no later than the day before Robinhood’s 2027 annual meeting), subject to continued service and certain accelerated‑vesting events.
- Delivery/deferral: Pursuant to a deferral election, vested shares will be delivered upon the earliest of (1) January 1, 2035, (2) Payne’s death or disability, or (3) a change in control of Robinhood.
- Shares owned after transaction: Not specified in the filing.
- Filing timeliness: Reported on Form 4 filed June 3, 2026 for a June 2, 2026 grant (appears timely).
Context
This was a routine director compensation award (an acquisition of RSUs), which represents future economic interest contingent on vesting and any deferral election — not an immediate cash value or sale. For retail investors, such awards indicate standard board compensation rather than a direct buy/sell signal.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2][F3]2026-06-02+3,289→ 3,289 total→ Class A Common Stock (3,289 underlying)
Footnotes (3)
- [F1]Restricted stock units ("RSUs") convert into Class A Common Stock on a one-for-one basis upon vesting and settlement.
- [F2]This RSU award represents the Reporting Person's annual grant pursuant to the Non-Employee Director Compensation Program of Robinhood Markets, Inc. ("Robinhood") and was granted automatically on the date of Robinhood's annual meeting of stockholders.
- [F3]On June 2, 2026, the Reporting Person was granted 3,289 RSUs under Robinhood's 2021 Omnibus Incentive Plan. One-fourth (1/4) of these RSUs will vest on October 1, 2026, with the remainder vesting in three (3) equal quarterly installments thereafter (except the final installment will vest no later than the day before Robinhood's 2027 annual meeting of stockholders), in each case subject to the Reporting Person's continued service with Robinhood through the applicable vesting date and subject to accelerated vesting in certain circumstances. Pursuant to a deferral election, vested shares will be delivered to the Reporting Person upon the earliest to occur of (1) January 1, 2035, (2) his death or disability, or (3) a change in control of Robinhood.