MoneyHero (MNY) Director Pai Wallace Nung Receives RSU Award
$MNY · MoneyHero LtdResearch Summary
AI-generated summary of this SEC filing
MoneyHero (MNY) Director Pai Wallace Nung Receives RSU Award
What Happened
Pai Wallace Nung, a director of MoneyHero Ltd (MNY), was granted 42,556 restricted share units (RSUs) on July 31, 2026. The RSUs were reported as acquired at $0.00 (no cash paid). Each RSU represents a contingent right to one Class A ordinary share upon settlement; 100% of the RSUs vest on August 17, 2026, subject to continued service.
Key Details
- Transaction date: 2026-07-31 (reported on Form 4 filed 2026-08-07; filing flagged as late due to administrative oversight).
- Transaction type/code: Award/Grant (A).
- Amount: 42,556 RSUs; reported acquisition price $0.00 (no immediate cash value).
- Vesting: 100% vest on August 17, 2026, contingent on continued service (per footnote).
- Shares owned after transaction: not specified in the filing.
- Footnotes: F1 indicates the report was late due to inadvertent administrative oversight; F2 explains the RSUs convert 1:1 to Class A ordinary shares upon settlement.
Context
This was an equity award (not an open-market purchase or sale). RSU grants are compensation and do not reflect an immediate purchase or sale of common stock; value materializes only if and when RSUs vest and are settled. The late filing is procedural (administrative oversight) and should be considered when reviewing timely disclosure practices.