Peloton (PTON) CPO Nick Caldwell Receives Equity Award

What Happened
Nick V. Caldwell, Peloton's Chief Product Officer, was reported on Form 4 as receiving 273,623 restricted stock units (RSUs) on 2026-09-07. The filing lists the acquisition as a derivative award (code A) with $0 cash consideration — these RSUs represent contingent rights to receive Class A common stock if conditions are met.

Key Details

• Transaction date: 2026-09-07; Form 4 filed: 2026-09-09 (appears timely).
• Amount: 273,623 RSUs; reported acquisition price: $0.00 (no cash paid).
• Nature: Derivative award (RSU) acquired upon satisfaction of performance criteria tied to a performance stock unit grant dated Sept 14, 2025.
• Vesting schedule: 31.25% vests Nov 15, 2026, then 6.25% of the total vests quarterly thereafter, with 100% vested on Aug 15, 2029, subject to continued service.
• Shares owned after transaction: Not specified in the filing.
• Filing timeliness: Filed two days after the transaction date (within the typical two-business-day Form 4 window).

Context
These RSUs are performance-based and do not reflect an open-market purchase or sale; they are contingent awards that convert to shares only if performance conditions and service-based vesting requirements are satisfied. Because no cash changed hands at grant, the filing shows $0 consideration — the economic value will depend on Peloton's stock price at actual delivery/vesting dates.