Hyman Jonathan 4
Research Summary
AI-generated summary
Braze (BRZE) CTO Jonathan Hyman Receives Stock Awards
What Happened Jonathan Hyman, Braze’s Chief Technology Officer, was granted a total of 145,696 shares via equity awards on March 18, 2026 (two awards of 56,066 and 89,630 shares). The awards were reported as acquisitions at $0.00 per share (standard for RSU/PSU grants) and reflect compensation, not an open-market purchase or sale. The Compensation Committee certified that performance conditions for the performance-based RSUs (PSUs) were achieved on March 18, 2026.
Key Details
- Transaction date(s): March 18, 2026; Form 4 filed March 20, 2026 (timely filing).
- Transaction type/code: A (award/grant), reported at $0.00 per share.
- Shares granted: 56,066 and 89,630 (total 145,696).
- Reported holdings note: Filing indicates 258,267 shares are represented by restricted stock units and PSUs (per footnote F2).
- Vesting/conditions:
- PSUs: Performance certified; 1/3 vests May 15, 2026; remaining 2/3 vest in eight equal quarterly installments over the following two years; vesting subject to continuous service (F1).
- RSUs: Vest in 12 equal quarterly installments beginning May 15, 2026; subject to continuous service and a two-year post-vest holding requirement (F3).
- Beneficial ownership: Some securities are held in a family trust; Hyman shares voting and investment control and may be deemed the beneficial owner (F4).
- No sale or purchase of shares in the open market occurred—these are compensation grants.
Context These awards are compensation (RSUs and performance-based PSUs) rather than purchases or sales, so they do not directly signal buying/selling intent. PSUs reflect that performance targets were met and will convert to shares according to the schedule above, assuming continued service. The filing is informational for investors tracking insider compensation and future potential share dilution from vesting.