Define: Restricted Stock Units
What does "Restricted Stock Units" mean? The meaning differs based on the contract. We found 4 definitions across 4 companies in SEC filings.
Definition 1 (ADOBE INC., seen in 1 filing)
Restricted Stock Units means units representing the right to receive shares of Stock, subject to the terms and conditions of the Award Agreement and Plan.
Source: ADOBE INC. 10-K
Definition 2 (Salesforce, Inc., seen in 1 filing)
Restricted Stock Units means an award representing the right to receive Shares upon vesting.
Source: Salesforce, Inc. 10-K
Definition 3 (CrowdStrike Holdings, Inc., seen in 1 filing)
Restricted Stock Units means the right to receive a Share on the date it vests.
Source: CrowdStrike Holdings, Inc. 10-K
Definition 4 (EQUINIX INC, seen in 1 filing)
Restricted Stock Units means the right to receive one share of the Common Stock of the Company, and any Dividend Equivalents thereon.
Source: EQUINIX INC 10-Q
Data extracted from 4 SEC EDGAR filings across 4 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.