HealthStream CTO receives three RSU grants
HealthStream’s CTO received multiple time- and performance-based RSU grants that vest over four years, increasing his equity stake.
Rhea-AI Filing Summary
HealthStream Inc. (HSTM) reported that Chief Technology Officer Jeff Cunningham received three equity awards on September 18, 2026, each in the form of restricted share units (RSUs) that convert into common stock upon vesting. The awards have time-based and performance-based four-year vesting schedules tied to continued service and, for one grant, future performance criteria. Following these grants, he holds 37,513 shares of common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 18,474 shares
Grant/Award
4 txns
Insider
Cunningham Jeff
Role
Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Share Units F1, F2, F3 | 2,053 | $0.00 | $0.00 |
| Grant/Award | Restricted Share Units F1, F4, F3 | 12,316 | $0.00 | $0.00 |
| Grant/Award | Restricted Share Units F1, F5, F3 | 4,105 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Share Units — 18,474 contracts (Direct);
Common Stock — 37,513 shares (Direct)
Footnotes (5)
- F1. Each restricted share unit (RSU) represents the contingent right to receive one share of common stock upon vesting of the unit.
- F2. The RSUs are subject to a four year vesting schedule, contingent upon continued service at the time of vesting. 15% vest on September 18, 2027, 20% vest on September 18, 2028, 30% vest on September 18, 2029, and the remaining 35% vest on September 18, 2030.
- F3. Not applicable.
- F4. The RSUs are subject to a four year vesting schedule, contingent upon continued service at the time of vesting. The RSUs vest annually beginning September 18, 2027 in four equal installments.
- F5. Vesting of these RSUs is contingent upon continued service at the time of vesting and the achievement of certain performance criteria. The performance criteria will be established on an annual basis by the Compensation Committee of the Board of Directors. Up to 25% vest on February 23, 2028 for the period January 1, 2027 through December 31, 2027; up to 25% vest on February 23, 2029 for the period January 1, 2028 through December 31, 2028; up to 25% vest on February 23, 2030 for the period January 1, 2029 through December 31, 2029; and up to 25% vest on February 23, 2031 for the period January 1, 2030 through December 31, 2030. Vesting will be determined based on actual performance. RSUs that do not vest during a performance period may become eligible for vesting during the next performance period.
Key Figures
Time-based RSUs (first grant): 2,053 RSUs
Time-based RSUs (annual vesting grant): 12,316 RSUs
Performance-based RSUs: 4,105 RSUs
+3 more
6 metrics
Time-based RSUs (first grant)
2,053 RSUs
Grant on September 18, 2026 with 15/20/30/35% vesting from 2027–2030
Time-based RSUs (annual vesting grant)
12,316 RSUs
Grant on September 18, 2026 vesting in four equal annual installments starting September 18, 2027
Performance-based RSUs
4,105 RSUs
Grant on September 18, 2026 with up to 25% vesting on each of February 23, 2028–2031 based on annual performance
Common stock held after transactions
37,513 shares
Directly owned by Jeff Cunningham after the reported awards
First performance period
January 1, 2027–December 31, 2027
Determines vesting of up to 25% of performance-based RSUs on February 23, 2028
Final performance vesting date
February 23, 2031
Potential vesting of up to 25% of performance-based RSUs for 2030 performance period
Key Terms
Restricted Share Units, vesting schedule, performance criteria, contingent right
4 terms
vesting schedule financial
"The RSUs are subject to a four year vesting schedule, contingent upon"
A vesting schedule is a timeline that determines when someone gains full ownership of certain benefits, such as company stock or retirement contributions. Think of it like earning the right to own a gift gradually over time, rather than receiving it all at once. It matters to investors because it affects when they can fully access or sell these benefits, influencing their financial planning and decision-making.
performance criteria financial
"Vesting of these RSUs is contingent upon continued service at the time of vesting and the achievement of certain performance criteria."
contingent right financial
"Each restricted share unit (RSU) represents the contingent right to receive"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity awards did HSTM grant to its CTO Jeff Cunningham on September 18, 2026?
On September 18, 2026, Jeff Cunningham received three grants of restricted share units (RSUs), each representing the contingent right to receive one share of HealthStream common stock upon vesting, with differing time-based and performance-based four-year vesting structures.
How do the 2,053 RSUs granted to the HSTM CTO vest?
The 2,053 RSUs vest over four years, contingent on continued service: 15% on September 18, 2027, 20% on September 18, 2028, 30% on September 18, 2029, and the remaining 35% on September 18, 2030.
What is the vesting schedule for the 12,316 RSUs reported by HSTM?
The 12,316 RSUs vest over four years, contingent on continued service, in four equal annual installments beginning on September 18, 2027.
How are the 4,105 performance-based RSUs for the HSTM CTO structured?
The 4,105 RSUs vest based on continued service and achievement of annual performance criteria. Up to 25% may vest on each of February 23, 2028, 2029, 2030, and 2031, tied to performance periods from 2027 through 2030, with potential re-eligibility for unvested units.
Do the HSTM RSUs immediately deliver common stock to the CTO?
No. Each restricted share unit represents a contingent right to receive one share of common stock upon vesting. Shares are delivered only if vesting conditions—continued service and, for one grant, performance criteria—are satisfied.
AI-generated analysis. How Rhea-AI works. Not financial advice.
