Vollero Andrew 4
Research Summary
AI-generated summary
Trade Desk (TTD) Director Andrew Vollero Receives RSU Awards
What Happened
Andrew Vollero, a director of Trade Desk, was granted a total of 12,304 restricted stock units (RSUs) on 2026-04-03: 11,341 RSUs and a separate grant of 963 RSUs. Each RSU represents a contingent right to receive one share of Trade Desk Class A common stock; the awards were granted at $0.00 per share (no cash paid at grant).
Key Details
- Transaction date: 2026-04-03; Form 4 filed 2026-04-07.
- Grant details: 11,341 RSUs and 963 RSUs; total = 12,304 RSUs; reported as Award/Grant (code A).
- Price reported: $0.00 per RSU (standard for equity awards).
- Vesting: 11,341 RSUs vest in quarterly installments over three years, subject to continuous board service (F1–F3). The 963 RSUs vest in full on the date of the next annual meeting (prorated annual director grant), subject to continuous service (F4–F5).
- Each RSU converts to one share upon vesting (per footnote).
- Shares owned after the grant: not disclosed in the filing.
- No tax withholding, cash sales, or 10b5-1 plan was reported in this filing.
Context
These awards are standard non-employee director compensation and are grants of future equity rather than open-market purchases or sales. Because RSUs only convert to shares when they vest, they do not represent immediate share sales or cash proceeds. Retail investors should view this as routine board compensation; it does not by itself indicate executive buying or selling activity.