Waugh Seth H. 4
Research Summary
AI-generated summary
Yext (YEXT) Director Seth H. Waugh Receives 43,209 RSUs
What Happened
Seth H. Waugh, a director of Yext, Inc. (YEXT), was granted 43,209 restricted stock units (RSUs) on June 10, 2026. The award is reported as a derivative acquisition at $0.00 (no cash paid). Each RSU is a contingent right to one share of Yext common stock and the award vests 100% on June 10, 2027, subject to the Reporting Person’s continued service.
Key Details
- Transaction date: June 10, 2026; Form 4 filed June 12, 2026 (appears within the normal two-business-day filing window).
- Grant size: 43,209 RSUs; reported price: $0.00 (derivative award).
- Vesting: 100% vests on June 10, 2027, contingent on continued service (see footnotes).
- Shares owned after transaction: not disclosed in the provided excerpt.
- Footnotes: F1 — each RSU converts to one share on vesting; F2 — full vesting date and service condition noted.
Context
This was a compensation award (not a purchase or sale). RSU grants are commonly used to retain and incentivize executives and directors; they do not represent immediate stock purchases or sales and typically convert to actual shares only upon vesting (and may be subject to tax withholding at that time).