Reierson Amanda L 4
Research Summary
AI-generated summary
Porch (PRCH) Director Amanda Reierson Receives RSU Award
What Happened
Amanda L. Reierson, a director of Porch Group, Inc. (PRCH), was granted 15,940 restricted stock units (RSUs) on June 10, 2026. The award was reported as an acquisition at $0.00 per share (total reported value $0) under the company’s Non-Employee Director Compensation Policy. Each RSU represents a right to one share of common stock upon vesting.
Key Details
- Transaction date: 2026-06-10; Form 4 filed 2026-06-12 (timely within the 2-business-day window).
- Grant type: Award/Grant (code A) — 15,940 RSUs at $0.00 per share.
- Vesting: RSUs vest on the one-year anniversary of the grant date, contingent on continued board service through that date.
- Resale restrictions: Two-thirds of the vested shares may not be sold immediately after vesting; those resale restrictions expire in equal increments on the first and second anniversaries of the Annual Grant Vesting Date.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnote: F1 describes the annual director RSU grant and the resale restriction schedule. Exhibit 24 (Power of Attorney) was included.
Context
This is a standard non-employee director compensation award (not a market purchase or sale). RSU grants are compensatory and do not involve immediate cash or indicate an outright purchase/sale by the insider; they convert to shares only upon vesting and are partially subject to post-vesting resale limits.