Vengalil Regi 4
Research Summary
AI-generated summary
Porch Group (PRCH) Director Vengalil Regi Receives RSU Award
What Happened
Vengalil Regi, a member of Porch Group, Inc.'s board of directors, was granted 15,940 restricted stock units (RSUs) on 2026-06-10 under the company's Non-Employee Director Compensation Policy. The grant is reported at $0.00 per share (total reported value $0) because these are RSUs — each RSU represents a right to receive one share of common stock upon vesting. This is an award/grant (not a market purchase or sale).
Key Details
- Transaction date: 2026-06-10; form filed 2026-06-12 (timely filing).
- Grant: 15,940 RSUs @ $0.00 (award). Reported aggregate value: $0.
- Vesting: RSUs vest on the one-year anniversary of the grant date, subject to continued board service through that date.
- Resale restrictions: Two‑thirds of the vested shares may not be sold immediately after vesting; those resale restrictions lapse in equal increments on the first and second anniversaries of the vesting date.
- Shares owned after transaction: Not specified in the filing.
- Footnote: Grant is part of the annual non-employee director compensation (see footnote F1).
- Exhibit: Exhibit 24 (Power of Attorney) included.
Context
This is a routine annual director compensation grant (an award), not a purchase or sale. RSUs convey future ownership if the vesting conditions are met; resale restrictions mean a portion of the shares will remain restricted for up to two years after vesting. Such awards are common for non-employee directors and do not by themselves indicate the director is buying or selling shares in the open market.
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