Schmitt Peter 4
4 · Skillsoft Corp. · Filed Jun 26, 2026
Research Summary
AI-generated summary of this filing
Skillsoft (SKIL) Director Peter Schmitt Converts 12,430 RSUs
What Happened Peter Schmitt, a director of Skillsoft Corp. (SKIL), completed a derivative conversion on 2026-06-25 involving 12,430 shares. The Form 4 shows matching "acquired" and "disposed" entries at $0.00 for 12,430 shares, indicating a conversion/settlement event rather than a market purchase or sale. No cash was paid or received in the transaction.
Key Details
- Transaction date: 2026-06-25; Form 4 filed 2026-06-26 (timely filing).
- Reported entries: 12,430 shares Acquired (derivative) @ $0.00 and 12,430 shares Disposed (derivative) @ $0.00.
- Shares owned after transaction: not specified in the provided extract of the filing.
- Footnotes:
- F1: Each restricted stock unit (RSU) equals a contingent right to one share of Class A common stock.
- F2: These RSUs vest at the earlier of one year after grant or the issuer's next annual meeting, subject to continued service.
- F3: The Reporting Person elected to defer settlement of vested RSUs; vested RSUs were converted into an equal number of shares of phantom stock (deferred settlement).
Context This was not an open-market purchase or sale but an internal conversion/deferral of vested RSUs into phantom stock, a routine administrative step that does not itself signal a change in market exposure like a buy or sell would. No immediate sale or cashless exercise occurred per the filing.
Insider Transaction Report
- Exercise/Conversion
Restricted Stock Units
[F1][F2]2026-06-25−12,430→ 0 total→ Class A Common Stock (12,430 underlying) - Exercise/Conversion
Phantom Stock
[F3]2026-06-25+12,430→ 12,430 total→ Class A Common Stock (12,430 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock of the Issuer.
- [F2]The restricted stock units vest on the earlier of (i) the one-year anniversary of the date of grant or (ii) the date of the Issuer's next annual meeting of stockholders following the date of grant, subject to the Reporting Person's continued service.
- [F3]Each share of phantom stock represents a contingent right to receive one share of Class A Common Stock of the Issuer and resulted from the deferral of vested restricted stock unit award shares. The Reporting Person elected to defer the settlement of the vested restricted stock units on the scheduled vesting date such that the restricted stock units were converted into an equal number of shares of phantom stock.