Payne Christopher D 4
Research Summary
AI-generated summary
Robinhood (HOOD) Director Christopher Payne Receives 236-Share Award
What Happened
- Christopher D. Payne, a non-employee director of Robinhood Markets, was automatically granted 236 shares of Class A common stock on June 30, 2026 as part of the company's Non-Employee Director Compensation Program and 2021 Omnibus Incentive Plan.
- The shares were valued at the June 30, 2026 closing price of $100.28 per share, for a total grant value of approximately $23,666.08. The shares were fully vested upon grant but will be delivered only after a deferral period.
Key Details
- Transaction date and price: June 30, 2026; $100.28 per share (closing price used to set award value).
- Shares granted: 236 shares; total value ≈ $23,666.08.
- Vesting/delivery: Shares were fully vested on grant but delivery is deferred per the director's deferral election until the earliest of (1) January 1, 2035, (2) the director's death or disability, or (3) a change in control of Robinhood (see footnote F1).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Filing timeliness: Form 4 was filed July 2, 2026 for a June 30 grant — reported within the typical two-business-day window (no late filing indicated).
Context
- This was an award/grant (code A) issued in lieu of cash director fees — a common, routine form of director compensation rather than an open-market purchase or sale. Because the shares are deferred for delivery, this is primarily an administrative compensation action and does not by itself signal an immediate buy or sell decision by the director.