Accuray (ARAY) director details RSU vesting and share tax withholding
Rhea-AI Filing Summary
Accuray director Byron C. Scott reported equity award activity tied to his retirement from the Board of Directors on December 31, 2025. On that date, 9,433 restricted stock units were converted into an equal number of common shares at an exercise price of $0, with vesting accelerated due to his retirement. Also on December 31, 2025, 3,774 common shares were withheld at $0.8246 per share to cover a cash settlement election under the grant agreement, reducing the reported common stock position to 158,953 shares held directly. Following these transactions, he also held 47,170 restricted stock units directly, including an award that vests 100% on November 13, 2026.
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FAQ
What insider transactions did Accuray (ARAY) director Byron C. Scott report?
Byron C. Scott reported the conversion of 9,433 restricted stock units into common stock at an exercise price of $0, and a separate transaction where 3,774 common shares were withheld at $0.8246 per share in connection with his equity grant.
Why were Byron C. Scott’s Accuray RSUs accelerated on December 31, 2025?
The filing states that the shares vesting were accelerated because of Mr. Scott's retirement from the Board of Directors on December 31, 2025, causing 9,433 restricted stock units to vest and convert into common stock on that date.
Why were 3,774 Accuray common shares forfeited in this Form 4?
The filing explains that 3,774 common shares were forfeited due to a cash settlement election made by the director in the grant agreement, and these are reported with transaction code F at a price of $0.8246 per share.
How many Accuray common shares does Byron C. Scott report owning after these transactions?
After the reported transactions on December 31, 2025, Byron C. Scott reports beneficial ownership of 158,953 shares of Accuray common stock, held directly.
What Accuray restricted stock units does Byron C. Scott still hold after December 31, 2025?
Following the RSU conversion, he reports holding 47,170 restricted stock units directly. The filing notes that one RSU award vests 100% on November 13, 2026.
What does each Accuray RSU reported by Byron C. Scott represent?
The filing states that each restricted stock unit (RSU) represents a contingent right to receive one share of Accuray common stock upon vesting, subject to the terms of the award.