Unity (U) CEO Matthew Bromberg Receives 880,000 PPSUs
$U · Unity Software Inc.Research Summary
AI-generated summary of this SEC filing
Unity (U) CEO Matthew Bromberg Receives 880,000 PPSUs
What Happened Matthew S. Bromberg, President & CEO and a Director of Unity Software Inc., was granted 880,000 performance-based price vesting restricted stock units (PPSUs) on 2026-08-17. The award was reported as a derivative grant (transaction code A) with an acquisition price of $0 — these PPSUs are contingent rights to receive up to 880,000 shares if vesting conditions are met.
Key Details
- Transaction date: 2026-08-17; Form 4 filed: 2026-08-19 (timely).
- Grant amount: 880,000 PPSUs; reported acquisition price: $0 (no cash paid).
- Vesting structure: three tranches of ~293,333 / 293,333 / 293,334 PPSUs with stock-price hurdles of $50, $60 and $75 and corresponding service periods of 1, 2 and 3 years from grant (see footnotes).
- Stock-price hurdles are based on the 30-calendar-day volume-weighted average price (VWAP); hurdles must be met within a five-year performance period or PPSUs are forfeited.
- Shares owned after the grant are not disclosed in the provided filing.
Context PPSUs are performance-based equity awards (not an open-market purchase or sale). Each PPSU entitles the holder to one share upon satisfaction of the applicable service and price conditions; until vesting they remain contingent and can be forfeited. Such grants are a form of executive compensation and do not by themselves indicate a buy/sell decision by the insider.