HealthStream grants RSUs to EVP Collier
HealthStream’s Executive Vice President received multi-year service- and performance-based RSU awards, increasing his equity-based compensation exposure.
Rhea-AI Filing Summary
HEALTHSTREAM INC (symbol: HSTM) is the issuer of record for a Form 4 filing submitted to the SEC. Collier Michael Manning reported acquisition or exercise transactions in this Form 4 filing.
HEALTHSTREAM INC (HSTM) reported that Executive Vice President Michael Manning Collier received three grants of restricted share units (RSUs) on September 18, 2026, covering 2,566; 15,395; and 5,132 underlying shares of common stock. Each RSU vests over multiple years, with one grant based on continued service and another also contingent on annual performance criteria set by the Compensation Committee. Following these awards, he holds 60,293 shares of common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 23,093 shares
Grant/Award
4 txns
Insider
Collier Michael Manning
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Share Units F1, F2, F3 | 2,566 | $0.00 | $0.00 |
| Grant/Award | Restricted Share Units F1, F4, F3 | 15,395 | $0.00 | $0.00 |
| Grant/Award | Restricted Share Units F1, F5, F3 | 5,132 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Share Units — 23,093 contracts (Direct);
Common Stock — 60,293 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
RSU grant size 1: 2,566 restricted share units
RSU grant size 2: 15,395 restricted share units
RSU grant size 3: 5,132 restricted share units
+2 more
5 metrics
RSU grant size 1
2,566 restricted share units
Grant to Executive Vice President on September 18, 2026; each RSU equals one common share
RSU grant size 2
15,395 restricted share units
Grant to Executive Vice President on September 18, 2026; vests in four equal annual installments
RSU grant size 3
5,132 restricted share units
Performance-based RSU grant with four annual performance periods ending 2028–2031
Post-award share holdings
60,293 common shares
Direct ownership by Executive Vice President after transactions as of September 18, 2026
Initial vesting date (time-based RSUs)
September 18, 2027
First vesting date for service-based RSU grants
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 ... and the achievement of certain performance criteria."
contingent right financial
"represents the contingent right to receive one share of common stock"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity awards did HEALTHSTREAM (HSTM) grant to Executive Vice President Michael Manning Collier?
He received three RSU grants on September 18, 2026, covering 2,566, 15,395, and 5,132 restricted share units, each representing the right to receive one share of common stock upon vesting.
How do the new RSU awards for HSTM’s Executive Vice President vest?
One 2,566 RSU grant vests 15%, 20%, 30%, and 35% from September 18, 2027 through September 18, 2030, contingent on continued service. A 15,395 RSU grant vests in four equal annual installments beginning September 18, 2027.
What are the performance-based conditions on some HSTM RSUs granted to the Executive Vice President?
A 5,132 RSU grant vests based on performance criteria set annually by the Compensation Committee, with up to 25% eligible to vest in each of four performance periods ending February 23, 2028, 2029, 2030, and 2031, subject to continued service.
Were the HSTM Form 4 RSU grants made under a Rule 10b5-1 trading plan?
The filing indicates no Rule 10b5-1 plan for these transactions, as the related checkbox is not marked as being pursuant to such a trading arrangement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
