Rolle Janet L 4
Research Summary
AI-generated summary
BuzzFeed (BZFD) Director Janet Rolle Receives 186,262 RSUs
What Happened
- Janet L. Rolle, a director of BuzzFeed, received two awards of restricted stock units (RSUs) on February 12, 2026 totaling 186,262 RSUs (46,565 RSUs + 139,697 RSUs). The transaction is reported as an award/acquisition (derivative) at $0 per share; no cash changed hands. RSUs are contingent rights to receive Class A common stock subject to continued service.
Key Details
- Transaction date: 2026-02-12. Report filed: 2026-02-17 (filed five days after the transaction; note Form 4s are generally due within 2 business days).
- Price: $0.00 per RSU (derivative award); total reported acquisition value = $0 on the Form 4.
- Shares owned after transaction: not listed in the provided summary—see the full Form 4 for post-transaction holdings.
- Footnotes from the filing:
- F1: Each RSU converts to one share if and when it vests and subject to continued service.
- F2: One grant vests 1/2 on May 12, 2026 and 1/2 on August 12, 2026.
- F3: These RSUs do not expire; they either vest or are canceled before vesting.
- F4: The other grant vests ratably (1/4 of the award) on the 1st of March, June, September and December thereafter.
- Filing timeliness: filed Feb 17 for a Feb 12 transaction—this appears later than the usual 2-business-day Form 4 deadline.
Context
- RSUs are a common form of equity compensation for executives and directors; they represent a contingent right to receive shares upon vesting and are not an immediate purchase (so they are not the same signal as an open‑market buy). Because these awards vest over time and are tied to continued service, they reflect compensation/retention arrangements rather than an active market bet by the insider.
- For full details (post-transaction holdings, exact mapping of footnotes to each grant, and any additional disclosures), review the complete Form 4 filing.