IRADIMED (IRMD) Chief Commercial Officer receives 1,150 RSU equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
IRADIMED CORP Chief Commercial Officer Jeff Chiprin reported an equity award of 1,150 restricted stock units (RSUs). These RSUs were granted under Iradimed Corporation's 2023 Equity Incentive Plan and carry no cash exercise price.
The RSUs convert into common stock on a one-for-one basis. They vest in three equal annual installments beginning on December 7, 2026, and upon each vesting date Mr. Chiprin will receive the corresponding number of common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Chiprin Jeff
Role
Chief Commercial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 1,150 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 1,150 shares (Direct)
Footnotes (1)
- Restricted stock units ("RSUs") convert into common stock on a one-for-one basis. The reporting person received RSUs under Iradimed Corporation's 2023 Equity Incentive Plan. The RSUs vest in three equal annual installments beginning on December 7, 2026. Upon vesting, the reporting person will receive a number of shares of common stock equal to the number of RSUs that have vested.
FAQ
What insider transaction did IRADIMED CORP (IRMD) report for Jeff Chiprin?
IRADIMED CORP reported that Chief Commercial Officer Jeff Chiprin received 1,150 restricted stock units. The award was made under the company’s 2023 Equity Incentive Plan and represents a non-cash equity grant rather than an open-market stock purchase or sale.
How many restricted stock units did IRMD grant to Chief Commercial Officer Jeff Chiprin?
Jeff Chiprin received an award of 1,150 restricted stock units from IRADIMED CORP. These RSUs convert into common stock on a one-for-one basis, increasing his potential future ownership as they vest over time under the company’s equity incentive plan.
When do the newly granted IRMD restricted stock units to Jeff Chiprin vest?
The RSUs granted to Jeff Chiprin vest in three equal annual installments beginning on December 7, 2026. Each year as a portion vests, he will receive common shares equal to the vested RSUs, aligning compensation with longer-term company performance.
What is the conversion rate of IRMD restricted stock units granted to Jeff Chiprin?
Each restricted stock unit granted to Jeff Chiprin converts into one share of IRADIMED CORP common stock. This one-for-one conversion means the 1,150 RSUs, once fully vested, translate into 1,150 common shares, directly linking the award to share ownership.
Under which plan were the IRMD restricted stock units granted to Jeff Chiprin?
The RSUs were granted under Iradimed Corporation's 2023 Equity Incentive Plan. This plan is used to provide stock-based compensation, and in this case delivers 1,150 RSUs that vest over three years, encouraging long-term alignment between management and shareholders.