electroCore director award: 19,011 RSUs with monthly vesting and acceleration
Rhea-AI Filing Summary
electroCore, Inc. director Patricia Wilber received an annual award of 19,011 restricted stock units (RSUs) on 09/02/2025 that vest in 12 equal monthly installments from the grant date, but will vest in full earlier if the company holds its next annual meeting or upon a change of control, provided she remains in continuous service.
Following this grant, Ms. Wilber beneficially owns 72,325 shares, which includes 16,583 shares that vested from prior RSU grants and were previously reported. The Form 4 was filed by one reporting person and signed by an attorney-in-fact on 09/04/2025.
Positive
- Annual RSU award of 19,011 shares aligns director incentives with shareholder value
- Clear vesting terms: 12 equal monthly installments with full vesting upon next annual meeting or change of control
Negative
- None.
Insights
TL;DR: Director awarded 19,011 RSUs, increasing reported beneficial ownership to 72,325 shares; vesting schedule is monthly with accelerated vesting triggers.
The grant is a standard annual equity award for a director and represents non-cash compensation intended to align the director's interests with shareholders. The 12-month monthly vesting cadence spreads recognition while the accelerated vesting upon the next annual meeting or change of control creates a potential for full early vesting. The filing discloses 16,583 previously vested shares included in the ownership total; no cash exercise or derivative transactions are reported.
TL;DR: Governance practice appears routine: annual RSU grant with service- and event-based vesting, disclosed per Section 16 requirements.
The structure—monthly vesting with full vesting tied to the next annual meeting or change of control—is common for directors and balances retention with alignment. Disclosure is timely and specific about the award size, vesting terms, and previously vested shares. The form indicates individual filing responsibility and includes a dated signature by an authorized attorney-in-fact.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 19,011 | $0.00 | -- |
Footnotes (1)
- Annual Restricted Stock Units award which vests in 12 equal monthly installments from the grant date; provided, however, that the Restricted Stock Units shall vest in full on the earlier of (i) the close of business one business day prior to the Issuer's next annual stockholder meeting following the grant date, and (ii) the date immediately prior to a change of control, in each case, provided that the Reporting Person remains in continuous service with the Issuer or an affiliate through the applicable vesting date. Includes 16,583 shares that have vested pursuant to previously issued Restricted Stock Units. All such vested shares were previously reported on Form 4 filings at the time of grant.
