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Major owner of Wayfair Inc. was just granted 2,500 restricted shares

Niraj Shah, a major owner of Wayfair Inc. and Wayfair Inc.'s Chief Executive Officer and a director of the company, just received 2,500 restricted shares from the company. The restricted shares don't become available to Shah until such time as they become vested. Shah now owns at least 15,021,897 restricted shares of the company.

Some additional info was provided as follows:

Each RSU represents a contingent right to receive one share of Class B Common Stock when vested. These RSUs vest upon the satisfaction of a service condition and an event condition and have no expiration date. The service condition is satisfied as to 1/5th of the...

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