Define: Restricted Stock Unit
What does "Restricted Stock Unit" mean? The meaning differs based on the contract. We found 10 definitions across 14 companies in SEC filings.
Definition 1 (Arista Networks, Inc., seen in 2 filings)
Restricted Stock Unit means a bookkeeping entry representing an amount equal to the Fair Market Value of one Share, granted pursuant to Section 8. Each Restricted Stock Unit represents an unfunded and unsecured obligation of the Company.
Source: Arista Networks, Inc. 10-K
Definition 2 (AMERICAN EXPRESS CO, seen in 1 filing)
Restricted Stock Unit means an Award that is a promise to issue shares to a Participant in the future if the applicable vesting conditions are satisfied.
Source: AMERICAN EXPRESS CO 10-K
Definition 3 (CATERPILLAR INC, seen in 1 filing)
Restricted Stock Unit means a right to receive one share of Common Stock or, in lieu thereof and to the extent provided in the applicable Award Notice, the Fair Market Value of such share of Common Stock in cash, which shall be contingent upon the expiration of a specified Restriction Period and which may, in addition thereto, be contingent upon the attainment of specified Performance Measures within a specified Performance Period.
Source: CATERPILLAR INC 10-K
Definition 4 (BANK OF AMERICA CORP /DE/, seen in 1 filing)
Restricted Stock Unit means Each Restricted Stock Unit shall have a value equal to the Fair Market Value of one (1) share of Bank of America common stock.
Source: BANK OF AMERICA CORP /DE/ 10-K
Definition 5 (ADOBE INC., seen in 1 filing)
Restricted Stock Unit means a bookkeeping entry representing the right to receive one share of Stock on the date that such Restricted Stock Unit vests.
Source: ADOBE INC. 10-K
Definition 6 (BOSTON SCIENTIFIC CORP, seen in 1 filing)
Restricted Stock Unit means An unfunded and unsecured promise to deliver Shares and or Fractional Share Interests, cash, or other securities upon attainment of specified conditions or on a deferred basis following the attainment of the conditions, as specified in the Award Agreement.
Source: BOSTON SCIENTIFIC CORP 10-K
Definition 7 (Salesforce, Inc., seen in 1 filing)
Restricted Stock Unit means a bookkeeping entry representing an amount equal to the Fair Market Value of one Share, granted pursuant to Section 9. Each Restricted Stock Unit represents an unfunded and unsecured obligation of the Company.
Source: Salesforce, Inc. 10-Q
Definition 8 (Duke Energy CORP, seen in 1 filing)
Restricted Stock Unit means each Restricted Stock Unit, upon becoming vested, represents a right to receive payment in the form of one (1) share of Common Stock (a Share). Restricted Stock Units are used solely as units of measurement and are not Shares, and Grantee is not, and has no rights as, a shareholder of the Corporation by virtue of this Award.
Source: Duke Energy CORP 10-K
Definition 9 (Cboe Global Markets, Inc., seen in 1 filing)
Restricted Stock Unit means a notional amount that represents one unvested share of Stock and entitles Participant, subject to the terms of this Agreement, to receive a share of Stock if and when the Restricted Stock Unit vests.
Source: Cboe Global Markets, Inc. 10-K
Definition 10 (ABBOTT LABORATORIES, seen in 1 filing)
Restricted Stock Unit means a contractual right to receive a number of Shares or an amount of cash equal to the value of that number of Shares corresponding to the number of units granted to a Grantee, without payment, as compensation for services to the Company or its Subsidiaries, which right may be subject to vesting restrictions including the attainment of Performance Goals.
Source: ABBOTT LABORATORIES 10-K
Data extracted from 18 SEC EDGAR filings across 14 companies. Source: Material contracts (Exhibit 10) filed under Regulation S-K.
This page presents definitions found in actual SEC filings for informational purposes. The specific definition appropriate for your contract may vary based on jurisdiction, industry, and specific circumstances. Consult with a qualified attorney for legal advice.