Acosta Andrea 4
Research Summary
AI-generated summary
Pinterest (PINS) CAO Andrea Acosta Receives RSU Award
What Happened
Andrea Acosta, Chief Accounting Officer of Pinterest, was granted a total of 147,885 restricted stock units (RSUs) on April 7, 2026 (123,633 RSUs + 24,252 RSUs). The awards were reported as grants (transaction code A) with $0.00 per-share acquisition price — RSUs represent the right to receive one share of Class A common stock upon vesting. This is a compensation award, not a purchase or sale of existing shares.
Key Details
- Transaction date: 2026-04-07 (Form 4 filing accession 0001818518-26-000006). Reported same day — filing appears timely.
- Grant breakdown: 123,633 RSUs (footnote F1) and 24,252 RSUs (footnote F3); total = 147,885 RSUs. Reported acquisition price: $0.00 (standard for RSU grants).
- Vesting (F1 for 123,633 RSUs): 12.5% vest on each of June 20, Sep 20, Dec 20, Mar 20 in 2026–2027; then 8.25% on each quarter June–Mar in 2027–2028; then 4.25% on each quarter June–Mar in 2028–2029, subject to continued service.
- Vesting (F3 for 24,252 RSUs): 25% vest on each of June 20, Sep 20, Dec 20, and Mar 20, 2026–2027, subject to continued service.
- Shares owned after transaction: not reported in this filing.
- No 10b5-1 plan, tax-withholding, or cashless-sale details disclosed in the filing.
Context
RSU grants are a common form of employee compensation and become actual shares only as they vest; they do not represent an immediate buy or sell of market stock. Because the awards vest over multiple dates through March 20, 2029, any future sales or holdings changes will be reported separately as those RSUs convert to shares.