Aspen Aerogels CFO awarded 20,547 PSUs tied to Russell 2000 TSR
Rhea-AI Filing Summary
Grant Douglas Thoele, CFO & Treasurer of Aspen Aerogels, reported changes in beneficial ownership on 10/01/2025. He was granted 10,273 restricted stock units (RSUs) that convert to one share each upon vesting and now beneficially owns 14,881 shares (comprised of 4,608 currently held shares plus the 10,273 RSUs). He also received 14,563 stock options with a $7.30 exercise price exercisable through 10/01/2035, and 20,547 performance share units (PSUs) that vest after the performance period ending 12/31/2027 and may pay out between 0–200% of target based on Aspen’s total shareholder return versus the Russell 2000. The RSUs and options vest in three equal annual tranches beginning 3/5/2026. The Form 4 was signed by an attorney-in-fact on 10/03/2025.
Positive
- 10,273 RSUs granted with clear vesting schedule starting 3/5/2026
- 14,563 stock options granted at a documented $7.30 exercise price and 10/01/2035 expiration
- 20,547 PSUs awarded that align payout to relative TSR vs the Russell 2000 with a 0–200% payout range
Negative
- None.
Insights
Insider received time‑based and performance equity grants with multi‑year vesting.
The report shows the CFO received 10,273 RSUs, 14,563 stock options at a $7.30 strike, and 20,547 PSUs. These awards vest over a multi‑year schedule (one‑third on 3/5/2026, one‑third on 3/5/2027, and the remainder on 3/5/2028 for RSUs/options; PSUs vest following the performance period ending 12/31/2027).
This structure ties a portion of executive compensation to time served and a portion to relative total shareholder return vs the Russell 2000, with PSUs paying between 0–200% of target depending on performance.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Options (Right to Buy) | 14,563 | $0.00 | -- |
| Grant/Award | Performance Share Units | 20,547 | $0.00 | -- |
| Grant/Award | Common Stock | 10,273 | $0.00 | -- |
Footnotes (1)
- Each Restricted Stock Unit ("RSU") represents the right to receive one share of Common Stock upon vesting. The RSUs vest as to one-third of the shares on March 5, 2026, an additional one-third of the shares on March 5, 2027 and the remaining one-third of the shares on March 5, 2028. Represents 4,608 shares of Common Stock and 10,273 RSUs. The options vest as to one-third of the shares on March 5, 2026, an additional one-third of the shares on March 5, 2027 and the remaining one-third of the shares on March 5, 2028. Each performance share unit ("PSU") represents a contingent right to receive one share of Common Stock upon vesting. The PSUs vest on March 5, 2028, following the completion of the performance period, which begins on January 1, 2025 and ends on December 31, 2027. Ranging between 0-200% of the target number of PSUs (as reflected in Table II above), the PSUs vest based on the total shareholder return of Common Stock relative to the total stockholder return of the components of the Russell 2000 Index.
