Hug Joshua 4
Research Summary
AI-generated summary
Remitly (RELY) Director Joshua Hug Receives RSU Award
What Happened
Joshua Hug, a director of Remitly Global, Inc., received a grant of 2,546 restricted stock units (RSUs) on June 10, 2026. The RSUs were granted at $0.00 per unit (aggregate $0) and reported on a Form 4 filed June 11, 2026. This is an award (transaction code A), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-06-10; Form 4 filed: 2026-06-11 (timely filing).
- Securities: 2,546 RSUs granted at $0.00 per RSU (aggregate reported value $0).
- Shares owned after transaction: Not specified in the filing.
- Footnote F1: Each RSU converts to one share upon settlement; vesting in four equal installments on Aug 25, Nov 25, Feb 25, and May 25 following the grant date. If not fully vested earlier, they vest in full on the earlier of the next annual meeting or June 10, 2027, subject to continued service.
- Footnote F2: The securities are held by a family trust for which the reporting person’s spouse is trustee.
- Filing timeliness: Reported within required Form 4 window (not marked late).
Context
RSU grants are a form of compensation and do not involve an immediate cash purchase or sale. Vesting is contingent on continued service and the schedule above; shares will only be issued upon settlement of vested RSUs. Holdings reported as held in a family trust reflect the beneficiary/ownership vehicle rather than an open-market trade.