Comonte Tara 4
Research Summary
AI-generated summary
Peloton (PTON) Director Tara Comonte Converts RSUs; Shares Withheld
What Happened
Tara Comonte, a director of Peloton Interactive, converted 8,459 restricted stock units (RSUs) into 8,459 shares on June 9, 2026 (transaction code M — exercise/conversion of a derivative). The filing also reports a simultaneous disposition of 8,459 shares at $0.00 (derivative), resulting in no cash proceeds reported. This was a vesting/conversion event rather than an open‑market buy or sale.
Key Details
- Transaction date: June 9, 2026. Filing date: June 11, 2026 (filed within the typical 2-business‑day window).
- Acquired: 8,459 shares via conversion of RSUs (price N/A). Disposed: 8,459 shares at $0.00 (derivative).
- Shares owned after transaction: not disclosed in the provided filing.
- Footnotes: F1 — each RSU converts to one share of Class A common stock; F2 — RSUs vest 25% quarterly (Mar 9, Jun 9, Sep 9, and earlier of Dec 9 or the 2026 annual meeting), subject to continued service.
- Transaction code M = exercise/conversion of a derivative security.
Context
- This filing reflects conversion/vesting of RSUs rather than a purchase or market sale. The simultaneous $0.00 disposition typically reflects company withholding or net settlement to satisfy tax or related obligations when RSUs vest (common practice), not a cash sale indicating market sentiment.