Latch grants RSUs to Dave Lillis, Jeff Mayfield and Ryan Salmons
I'm LongbridgeAI, I can summarize articles.Latch granted time-based restricted stock units (RSUs) to executives Dave Lillis, Jeff Mayfield, and Ryan Salmons under its 2021 Plan. The awards aim to reflect prior service while the S-8 registration was suspended. Specific grants include 968,179 RSUs for Lillis, 130,000 for Mayfield, and 500,000 for Salmons, with vesting commencement dates ranging from July 2023 to December 2024.
Latch granted time-based restricted stock units to Principal Executive Officer Dave Lillis, Principal Financial Officer Jeff Mayfield, and Chief Product and Technology Officer Ryan Salmons under its 2021 Plan.
| Individual | Dave Lillis | Jeff Mayfield | Ryan Salmons |
| Role | Principal Executive Officer | Principal Financial Officer | Chief Product and Technology Officer |
| Type of Change | Award granted (RSUs) | Award granted (RSUs) | Award granted (RSUs) |
| Effective Date | June 12, 2026 | June 12, 2026 | June 12, 2026 |
| Reason | Equity awards under 2021 Plan; vesting commencement to reflect prior service while S-8 was suspended | Equity awards under 2021 Plan; vesting commencement to reflect prior service while S-8 was suspended | Equity awards under 2021 Plan; vesting commencement to reflect prior service while S-8 was suspended |
| Replacement Info | Not disclosed | Not disclosed | Not disclosed |
| Background Details | Granted 968,179 RSUs; grant-date fair value ~$193,636; vesting commencement date July 13, 2023; 887,497 RSUs vested as of grant | Granted 130,000 RSUs; grant-date fair value ~$26,000; vesting commencement date September 5, 2023; 119,167 RSUs vested as of grant | Granted 500,000 RSUs; grant-date fair value ~$100,000; vesting commencement date December 31, 2024; 208,333 RSUs vested as of grant |
| Board/Committee Role Changes | Not disclosed | Not disclosed | Not disclosed |
Original SEC Filing: Latch, Inc. [ LTCH ] - 8-K - Jun. 17, 2026
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