IRADIMED (IRMD) CFO awarded 8,907 RSUs under 2023 equity plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Iradimed Corp's chief financial officer John Glenn received a grant of 8,907 restricted stock units (RSUs). The RSUs were awarded under Iradimed Corporation's 2023 Equity Incentive Plan and convert into common stock on a one-for-one basis.
The award vests in three equal annual installments beginning on December 7, 2026. After vesting, Glenn will receive one share of common stock for each vested RSU, and he currently holds 8,907 RSUs directly following this grant.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
GLENN JOHN
Role
CHIEF FINANCIAL OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 8,907 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 8,907 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 John Glenn?
IRADIMED CORP reported that chief financial officer John Glenn received a grant of 8,907 restricted stock units. These RSUs were issued under the company’s 2023 Equity Incentive Plan as a stock-based compensation award, rather than an open-market purchase or sale of shares.
How many RSUs did IRMD’s CFO receive and how are they structured?
The CFO received 8,907 restricted stock units, each convertible into one share of common stock. All 8,907 RSUs are held directly and represent a stock-based incentive grant with no cash purchase price, reflecting long-term equity compensation rather than a market transaction.
When do John Glenn’s IRMD restricted stock units vest?
The RSUs vest in three equal annual installments beginning on December 7, 2026. Each year, one-third of the 8,907 units will vest, after which John Glenn will receive an equivalent number of IRADIMED common shares for the portion that has vested.
What happens to IRMD’s RSUs when they vest for the CFO?
When the RSUs vest, they convert into shares of IRADIMED common stock on a one-for-one basis. John Glenn will then receive the number of common shares equal to the vested RSUs, turning the stock units into actual share ownership over time.
Under which plan were the IRMD RSUs granted to the CFO?
The RSUs were granted under Iradimed Corporation's 2023 Equity Incentive Plan. This plan is used to provide stock-based compensation awards, aligning executive interests with shareholders by granting equity that converts into common stock as vesting conditions are satisfied.