HealthStream (HSTM) SVP awarded 2,911 RSUs with four-year vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
McQuigg Michael Scott reported acquisition or exercise transactions in this Form 4 filing.
HealthStream Inc Senior Vice President Michael Scott McQuigg received a grant of 2,911 restricted share units (RSUs) on March 18, 2026. Each RSU represents the contingent right to receive one share of common stock upon vesting. The RSUs follow a four-year vesting schedule, contingent on continued service, with 15% vesting on March 18, 2027, 20% on March 18, 2028, 30% on March 18, 2029, and the remaining 35% on March 18, 2030. Following this grant, his direct common stock holdings reported in this filing total 30,954 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
McQuigg Michael Scott
Role
Senior Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Share Units | 2,911 | $0.00 | -- |
| holding | Common Stock Holding | -- | -- | -- |
Holdings After Transaction:
Restricted Share Units — 2,911 shares (Direct);
Common Stock Holding — 30,954 shares (Direct)
Footnotes (1)
- Each restricted share unit (RSU) represents the contingent right to receive one share of common stock upon vesting of the unit. The RSUs are subject to a four year vesting schedule, contingent upon continued service at the time of vesting. 15% vest on March 18, 2027, 20% vest on March 18, 2028, 30% vest on March 18, 2029, and the remaining 35% vest on March 18, 2030. Not applicable.
FAQ
What did HealthStream (HSTM) executive Michael Scott McQuigg report in this Form 4?
Michael Scott McQuigg reported receiving a grant of 2,911 restricted share units. These RSUs are a form of equity compensation that convert into common stock as they vest over time, aligning his interests more closely with HealthStream shareholders.
What is the vesting schedule of Michael Scott McQuigg’s new HSTM RSUs?
The 2,911 RSUs vest over four years, contingent on continued service. 15% vest on March 18, 2027, 20% on March 18, 2028, 30% on March 18, 2029, and the remaining 35% vest on March 18, 2030, gradually increasing his share ownership.
Do the HealthStream RSUs granted to Michael Scott McQuigg have an exercise price?
The RSU grant shows a transaction price and conversion price of $0.00 per unit. RSUs typically do not require an exercise payment; instead, shares are delivered upon vesting, making them a straightforward form of stock-based compensation for the executive.
What type of transaction is reflected in Michael Scott McQuigg’s HealthStream Form 4?
The filing shows a grant or award acquisition of derivative securities coded as “A.” This represents restricted share units rather than an open-market purchase or sale, indicating compensation-related equity rather than a discretionary trading decision in HealthStream stock.