ClearPoint Neuro (CLPT) awards 147,275 restricted stock units to CEO Burnett
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ClearPoint Neuro, Inc. reported that CEO and President Joseph Burnett acquired a grant of 147,275 restricted stock units. Each unit represents a contingent right to receive one share of CLPT common stock.
The restricted stock units vest over three years: 20% of the total shares on February 17, 2027, 40% on February 17, 2028, and the remaining 40% on February 17, 2029, aligning the award with multi-year executive retention and performance incentives.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
BURNETT JOSEPH
Role
CEO and President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 147,275 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 147,275 shares (Direct)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of CLPT common stock. The restricted stock units vest as follows: (i) 20% of the total shares on February 17, 2027; (ii) 40% of the total shares on February 17, 2028; and (iii) 40% of the total shares on February 17, 2029.
FAQ
What insider transaction did ClearPoint Neuro (CLPT) report for Joseph Burnett?
ClearPoint Neuro reported that CEO and President Joseph Burnett received a grant of 147,275 restricted stock units. These units are a form of equity compensation that may convert into CLPT common shares if the vesting conditions and time-based schedule are satisfied.
How many restricted stock units were granted to the CLPT CEO?
Joseph Burnett was granted 147,275 restricted stock units. This entire amount reflects a single equity award, structured to vest in stages over three years, subject to the stated vesting dates and continued service or other applicable conditions described in the grant terms.
What does each restricted stock unit represent for ClearPoint Neuro (CLPT)?
Each restricted stock unit represents a contingent right to receive one share of ClearPoint Neuro common stock. The units themselves are not shares until they vest and settle, at which point they can convert into CLPT shares if all requirements are met.
What is the vesting schedule for Joseph Burnett’s CLPT restricted stock units?
The restricted stock units vest in three tranches: 20% of the total shares on February 17, 2027, 40% on February 17, 2028, and 40% on February 17, 2029. This creates a long-term incentive horizon for the CEO’s equity compensation.
How many derivative securities does Joseph Burnett hold after this CLPT award?
After this transaction, Joseph Burnett beneficially holds 147,275 derivative securities in the form of restricted stock units. These units are subject to the specified vesting schedule before they can convert into shares of ClearPoint Neuro common stock, assuming applicable conditions are fulfilled.