Equity award boosts iRhythm (IRTC) CTO holdings with 6,689 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lawrence Brian Lee reported acquisition or exercise transactions in this Form 4 filing.
iRhythm Holdings Chief Technology Officer Lawrence Brian Lee reported receiving an equity award tied to the company’s common stock. He was granted 6,689 Restricted Stock Units (RSUs), each representing a contingent right to receive one share of common stock for no cash payment.
According to the award terms, 25% of the RSUs vest on March 1, 2027 and on each one-year anniversary thereafter, as long as he continues as a service provider through each vesting date. After this grant, Lee directly holds 21,168 shares of common stock, reflecting his increased equity-based stake in the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lawrence Brian Lee
Role
Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,689 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 21,168 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did iRhythm (IRTC) report for Lawrence Brian Lee?
iRhythm reported that Chief Technology Officer Lawrence Brian Lee received a grant of 6,689 Restricted Stock Units. Each RSU is a contingent right to one share of common stock, increasing his total direct holdings to 21,168 shares after the award.
How many iRhythm (IRTC) RSUs were granted to the CTO and at what price?
The CTO received 6,689 Restricted Stock Units at a reported price of $0.00 per unit. RSUs are equity awards, not open-market purchases, and each unit can convert into one share of common stock upon vesting under the award’s terms.
What is the vesting schedule for the iRhythm (IRTC) RSUs granted to the CTO?
The RSUs vest over four years, starting March 1, 2027. Twenty-five percent vest on March 1, 2027, with an additional 25% vesting on each one-year anniversary, conditioned on continued service through each vesting date for the remaining units.