Research Summary
AI-generated summary of this SEC filing
Rapid7 (RPD) Director Maria Barrett Receives 34,909 RSUs
What Happened
Maria Bettina Barrett, a newly appointed director of Rapid7, was granted 34,909 restricted stock units (RSUs) on 2026-09-01 (transaction code A). The award was granted at $0.00 (no cash exchanged) and represents a contingent right to receive one share of Rapid7 common stock per RSU.
Key Details
- Transaction date: 2026-09-01; Filing date: 2026-09-02 (filed promptly).
- Grant amount: 34,909 RSUs; grant price reported as $0.00.
- Vesting: Grants vest in three substantially equal annual installments beginning September 1, 2027, subject to continued service.
- RSU mechanics: Each RSU equals a contingent right to one share of common stock (per filing footnote).
- Shares owned after transaction: Not specified in this Form 4.
- Transaction type: Award/Grant (not a purchase or sale), so no immediate proceeds or sale signal.
Context
This was an initial one-time equity grant tied to Barrett’s board appointment, a common practice to align new directors with shareholder interests. Because RSUs vest over time and require continued service, they are more about future compensation than an immediate market indicator.