Colglazier Michael A 4
4 · Virgin Galactic Holdings, Inc · Filed Mar 23, 2026
Research Summary
AI-generated summary of this filing
Virgin Galactic (SPCE) CEO Michael Colglazier Receives RSU Award
What Happened
- Michael A. Colglazier, President, CEO and a director of Virgin Galactic Holdings, was granted 1,181,103 restricted stock units (RSUs) on March 19, 2026. The award is reported as an acquisition (derivative) at $0.00, so no cash was paid at grant. The RSUs may be settled in shares or, at the company's discretion, cash.
Key Details
- Transaction date: 2026-03-19; Form 4 filed 2026-03-23 (timely filing).
- Security/transaction type: Award of RSUs (code A, derivative) — 1,181,103 units at $0.00.
- Vesting: RSUs vest in three equal annual installments (one-third each year) subject to continued service.
- Settlement: May be settled in common stock or, at the issuer’s discretion, in cash (per footnote).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Filing timeliness: Filed within the SEC’s two-business-day window for Form 4 (not reported late).
Context
- RSU grants are a common form of executive compensation intended to retain executives; they are not an immediate purchase or sale of stock. Because these awards vest over time, they represent future potential ownership rather than an immediate market transaction.
Insider Transaction Report
Form 4
Colglazier Michael A
DirectorCEO and President
Transactions
- Award
Restricted Stock Units
[F1]2026-03-19+1,181,103→ 1,181,103 total→ Common Stock (1,181,103 underlying)
Footnotes (1)
- [F1]Represents an award of restricted stock units (the "RSUs"), which will vest in three annual installments as follows: one-third of the RSUs will vest on each of the first three anniversaries of the Grant Date, subject to the Reporting Person's continued service through the applicable vesting date. The RSUs may be settled in shares of the Issuer's common stock or, in the Issuer's discretion, in cash.
Signature
/s/ Sarah Kim, Attorney-in-Fact for Michael Colglazier|2026-03-23