Director at Inspire Medical (INSP) receives 3,562 RSU equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Curet Myriam reported acquisition or exercise transactions in this Form 4 filing.
Inspire Medical Systems director Myriam Curet received an equity award in the form of restricted stock units. She was granted 3,562 RSUs of common stock at no purchase price, each representing the right to receive one share when vested. The RSUs vest on the earlier of the first anniversary of the grant date or immediately before a Change of Control under the company’s 2018 Incentive Award Plan, if she continues serving the company through that date. Following this award, she directly holds 6,927 shares of Inspire Medical Systems common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Curet Myriam
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,562 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 6,927 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 3,562 RSUs
Post-award holdings: 6,927 shares
RSU grant price: $0.00 per share
3 metrics
RSU grant size
3,562 RSUs
Award of Restricted Stock Units to director Myriam Curet
Post-award holdings
6,927 shares
Common stock directly held after the RSU grant
RSU grant price
$0.00 per share
Stated price per share for the RSU equity award
Key Terms
Restricted Stock Units, Change of Control, 2018 Incentive Award Plan
3 terms
Restricted Stock Units financial
"Represents an award of Restricted Stock Units ("RSUs"). Each RSU represents a contingent right"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Change of Control financial
"earlier to occur of (a) the first anniversary ... or (b) the date that is immediately prior to the occurrence of a Change of Control"
A change of control occurs when the ownership or management of a company shifts significantly, such as through a sale, merger, or acquisition, resulting in new leadership or ownership structure. This change can impact the company's direction and decision-making, which is important for investors because it may affect the company's stability, strategy, and future prospects.
2018 Incentive Award Plan financial
"Change of Control (as defined in the Issuer's 2018 Incentive Award Plan)"
FAQ
What insider transaction did Inspire Medical Systems (INSP) report for Myriam Curet?
Inspire Medical Systems reported that director Myriam Curet received a grant of 3,562 Restricted Stock Units. Each RSU represents a right to receive one share of common stock if vesting conditions tied to time or a Change of Control are met.
When do Myriam Curet’s 3,562 RSUs in Inspire Medical (INSP) vest?
The 3,562 RSUs vest on the earlier of the first anniversary of the grant date or immediately before a Change of Control, as defined in Inspire Medical’s 2018 Incentive Award Plan, assuming Myriam Curet continues her service with the company through that vesting date.
Is Myriam Curet’s transaction in Inspire Medical (INSP) an open-market purchase or sale?
The filing describes the transaction as a grant or award acquisition of 3,562 RSUs, not an open-market buy or sell. It is equity compensation, contingent on vesting conditions, rather than a discretionary stock trade executed in the market.