Peloton (PTON) CCO Dion Sanders Receives RSU Award

What Happened

• Dion C. Sanders, Chief Commercial Officer of Peloton Interactive, was granted 273,623 restricted stock units (RSUs) on 2026-09-07. The award is recorded at $0.00 (no cash paid) and is reported as a derivative acquisition (transaction code A). This is a compensation award, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-07; Form 4 filed: 2026-09-09.
• Amount: 273,623 RSUs granted; reported price $0.00 because these are contingent awards, not a cash purchase.
• Vesting/performance: These RSUs represent contingent rights to one share each (F1). They are earned upon satisfaction of performance criteria tied to a performance stock unit award originally granted on 2025-09-14 (F2).
• Vesting schedule: 31.25% vests on Nov 15, 2026; then 6.25% of the total vests quarterly thereafter, with 100% vesting on Aug 15, 2029, subject to continued service on each vesting date (F3).
• Shares owned after transaction: Not specified in the provided filing details.
• Filing timeliness: Filed two days after the transaction date (no indication of a late filing).

Context

• RSUs are a form of equity compensation: they convert to actual shares only if performance conditions and service requirements are met. No immediate cash changed hands and no shares were sold or purchased in the open market.
• For investors: such grants reflect compensation and incentives tied to future performance and retention; they do not by themselves signal a direct insider purchase or sale. The ultimate value will depend on Peloton’s stock price at vesting and whether performance goals are met.