AudioCodes (AUDC) CEO Shabtai Adlersberg Receives 80,000-Share Award
$AUDC · AUDIOCODES LTDResearch Summary
AI-generated summary of this SEC filing
AudioCodes (AUDC) CEO Shabtai Adlersberg Receives 80,000-Share Award
What Happened Shabtai Adlersberg, President & CEO of AudioCodes Ltd (AUDC), was granted 80,000 restricted stock units (RSUs) on 2026-09-14. The filing shows an acquisition-type award with a reported price of $0.00, so the immediate economic cost to the insider is $0; the RSUs are a contingent right to receive ordinary shares in the future rather than current share ownership.
Key Details
- Transaction date: 2026-09-14; reported as an award/grant (transaction code A).
- Grant size and price: 80,000 RSUs at $0.00 (total reported value $0).
- Shares owned after transaction: not specified in the provided filing.
- Footnote: RSUs vest in 16 equal quarterly installments over four years, beginning 12/14/2026, subject to continued service (see footnote F1).
- Filing timeliness: report filed 2026-09-14 covering the same date; no late filing noted in the provided details.
Context RSUs are a promise to issue ordinary shares in the future if vesting conditions are met; they are not immediate share purchases or sales and typically serve as long-term compensation. The economic value to the insider will depend on AudioCodes’ share price when each tranche vests and the insider’s continued service through each vesting date.