Director at iRhythm (IRTC) awarded 1,573 restricted stock units in Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
YOOR BRIAN B reported acquisition or exercise transactions in this Form 4 filing.
iRhythm Holdings, Inc. director Brian B. Yoor reported receiving an equity award of 1,573 shares of common stock as a grant, with no cash paid per share. After this award, he holds 7,171 shares directly. The award consists of restricted stock units, each convertible into one share of common stock, vesting on the earlier of one year after grant or the company’s next annual meeting.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
YOOR BRIAN B
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,573 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 7,171 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Equity award size: 1,573 shares
Price per share: $0.0000 per share
Post-transaction holdings: 7,171 shares
+1 more
4 metrics
Equity award size
1,573 shares
Grant of common stock as reported on Form 4
Price per share
$0.0000 per share
Reported grant price for awarded shares
Post-transaction holdings
7,171 shares
Total common stock held directly after grant
Vesting condition
Earlier of 1 year or next annual meeting
RSU vesting schedule from footnote
Key Terms
restricted stock units, RSUs, annual meeting
3 terms
restricted stock units financial
"These securities are restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of IRTC Common Stock."
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.
RSUs financial
"These securities are restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of IRTC Common Stock."
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
annual meeting financial
"The vesting occurs on the earlier of (i) one year after grant or the (ii) the date of the company's next annual meeting."
A company's annual meeting is a yearly gathering where owners (shareholders) and the board review performance, ask questions, and vote on key matters like electing directors, approving auditor choices, and sometimes setting pay or dividend policies. For investors it matters because decisions made and votes cast can change who runs the company, influence strategy and payouts, and affect the value or direction of their investment—similar to a homeowners’ meeting where rules and leaders that shape your property’s value are decided.
FAQ
What insider transaction did iRhythm (IRTC) director Brian B. Yoor report?
Brian B. Yoor reported receiving a grant of 1,573 shares of iRhythm common stock as an equity award. The grant is in the form of restricted stock units that convert into shares upon vesting, rather than an open-market purchase or sale.
What are the vesting terms of the iRhythm (IRTC) restricted stock units granted?
The restricted stock units vest on the earlier of one year after the grant date or the date of iRhythm’s next annual meeting. Upon vesting, each unit entitles the holder to receive one share of iRhythm common stock, subject to the award terms.
Does the iRhythm (IRTC) Form 4 show a buy or sell by Brian B. Yoor?
The Form 4 reports an acquisition through a grant or award, not an open-market buy or sell. The transaction code is “A,” describing a grant, award, or other acquisition of 1,573 shares as equity compensation.
What type of security was granted in the iRhythm (IRTC) Form 4 filing?
The filing describes the award as restricted stock units, each representing a contingent right to receive one share of iRhythm common stock. These RSUs convert into shares once the stated vesting conditions are satisfied, aligning the director’s compensation with company equity.