IRIDEX CORP (IRIX) grants CFO 30K RSUs and 170K options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
IRIDEX CORP awarded its Chief Financial Officer, Romeo R. Dizon, equity-based compensation consisting of 30,000 restricted stock units (RSUs) and a stock option for 170,000 shares. Each RSU represents a contingent right to receive one share of common stock, vesting in three equal annual installments: one-third on July 10, 2027 and one-third on each of the next two anniversaries, subject to his continued service.
The option gives Dizon the right to purchase up to 170,000 shares of IRIDEX common stock at an exercise price of $1.10 per share and expires on July 10, 2033. Following these awards, he holds 163,284 shares of common stock directly, in addition to the newly granted stock option. These are compensation grants rather than open‑market purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Dizon Romeo R
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock option (right to buy) | 170,000 | $0.00 | -- |
| Grant/Award | Common Stock | 30,000 | $0.00 | -- |
Holdings After Transaction:
Stock option (right to buy) — 170,000 shares (Direct);
Common Stock — 163,284 shares (Direct)
Footnotes (1)
- Each share is represented by a restricted stock unit (RSU). Each RSU represents a contingent right to receive one share of the Issuer's Common Stock. The RSUs vest as to one-third of the shares on July 10, 2027 and each one-year anniversary thereafter, subject to the Reporting Person continuing as a service provider through each such date. The option vests as to one-third of the Shares on July 10, 2027 and each one-year anniversary thereafter, subject to the Reporting Person continuing as a service provider through each such date.
Key Figures
RSU grant to CFO: 30,000 RSUs
Stock options granted: 170,000 options
Option exercise price: $1.10 per share
+2 more
5 metrics
RSU grant to CFO
30,000 RSUs
Equity award to CFO Romeo R. Dizon on July 10, 2026
Stock options granted
170,000 options
Right to buy IRIDEX common stock granted July 10, 2026
Option exercise price
$1.10 per share
Exercise price for the 170,000-share option award expiring July 10, 2033
Post-award common shares held
163,284 shares
Common stock held directly by Romeo R. Dizon after the RSU award
Option expiration date
July 10, 2033
Expiration of the 170,000-share stock option granted to the CFO
Key Terms
restricted stock unit (RSU), Stock option (right to buy), exercise price, service provider
4 terms
restricted stock unit (RSU) financial
"Each share is represented by a restricted stock unit (RSU)."
A restricted stock unit (RSU) is a promise from a company to give an employee company shares (or cash equal to their value) at a future date if certain conditions are met, such as staying with the company or hitting performance targets. For investors, RSUs matter because when they convert into actual shares they increase the number of shares available and can create selling pressure as employees cash out—think of them as a future paycheck paid in company stock.
Stock option (right to buy) financial
""Stock option (right to buy)" is listed as a derivative security."
exercise price financial
"conversion_or_exercise_price is shown as 1.1000 per share."
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
service provider financial
"subject to the Reporting Person continuing as a service provider."
FAQ
What equity awards did IRIDEX (IRIX) grant to CFO Romeo R. Dizon?
IRIDEX granted CFO Romeo R. Dizon 30,000 RSUs and a stock option covering 170,000 shares. The RSUs each represent one share of common stock, while the option allows him to buy shares at a fixed $1.10 exercise price.
How do the new RSUs for IRIDEX (IRIX) CFO Romeo Dizon vest?
The 30,000 RSUs vest in three equal installments. One-third vests on July 10, 2027, and one-third vests on each of the next two yearly anniversaries, provided Dizon continues as a service provider through each vesting date.
What are the key terms of Romeo Dizon’s new IRIDEX (IRIX) stock options?
Dizon received options for 170,000 shares of IRIDEX common stock with a $1.10 exercise price, expiring on July 10, 2033. The options vest one-third on July 10, 2027 and one-third on each of the following two anniversaries, subject to continued service.
Were Romeo Dizon’s IRIDEX (IRIX) transactions open-market trades or compensation grants?
The transactions were compensation grants, not open-market trades. Both the 30,000 RSUs and the 170,000-share stock option are coded as awards, with no reported purchases or sales of IRIDEX shares in the open market.