Schmitt Peter 4
Research Summary
AI-generated summary
Skillsoft (SKIL) Director Peter Schmitt Receives RSU Award
What Happened
- Peter Schmitt, a director of Skillsoft Corp. (SKIL), received a grant of 17,500 restricted stock units (RSUs) on June 30, 2026. The award is recorded at $0.00 per unit (no cash purchase); the RSUs are derivative awards representing a contingent right to receive shares of Class A common stock.
Key Details
- Transaction date: 2026-06-30; filing date: 2026-07-02 (filed within the two-business-day Form 4 window).
- Grant type/code: Award/Grant (A); 17,500 RSUs granted at $0.00.
- Shares owned after transaction: not specified in the filing summary.
- Footnotes: (F1) Each RSU converts 1:1 into one share of Class A common stock. (F2) Vesting occurs on the earlier of (i) the one-year anniversary of the grant or (ii) the Issuer’s next annual meeting of stockholders following the grant date, subject to Schmitt’s continued service.
- Filing timeliness: Report appears timely (filed July 2 for a June 30 transaction).
Context
- This was a compensation grant (derivative award), not an open-market purchase or sale. Such RSU grants are common for directors as part of pay and do not alone indicate a buy/sell trading signal. The RSUs will translate into actual shares only upon vesting and any required settlement events.