Puthenveetil Reji 4/A

What Happened Puthenveetil Reji, EVP of Additive Solutions & Chief Commercial Officer at 3D Systems (DDD), received equity awards on April 1, 2025: 100,000 restricted shares (RS) and 100,000 performance share units (PSUs). Both entries were reported as awards (transaction code A) with an acquisition price of $0.00, so the immediate cash value reported is $0. These are grants, not open-market purchases or sales.

Key Details

• Transaction date: April 1, 2025; reported as awards at $0.00 per share.
• Grant breakdown: 100,000 restricted stock shares; 100,000 performance share units (derivative award).
• Vesting for RS: one-third vests on April 1, 2026, one-third on April 1, 2027, and the remainder on April 1, 2028, subject to continued employment (F2).
• PSUs: each unit is a contingent right to one share that vests only if 3D Systems' stock reaches a specified price per share (F3).
• Shares owned after the transaction: not disclosed in this filing.
• Filing status: Amended filing; footnote states the Form 4 was inadvertently filed late due to an administrative error (F1) — timeliness = late.

Context These awards are standard compensation/retention grants: restricted shares vest over time, and performance units are contingent on stock-price targets, so they do not represent an immediate market purchase or sale. The late, amended filing reduces short-term transparency but the substance of the awards (amounts and vesting) is disclosed here.