Director at iRhythm (NASDAQ: IRTC) receives 1,573 RSU award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
OBOYLE KEVIN C reported acquisition or exercise transactions in this Form 4 filing.
iRhythm Holdings director Kevin C. O’Boyle received an equity grant of 1,573 restricted stock units. The RSUs were awarded at no cash cost and each unit represents a right to one share of iRhythm common stock. The award vests on the earlier of one year after grant or the company’s next annual meeting. Following this grant, O’Boyle directly holds 3,608 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
OBOYLE KEVIN C
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,573 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 3,608 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 1,573 units
Grant price: $0.0000 per share
Holdings after grant: 3,608 shares
+1 more
4 metrics
RSUs granted
1,573 units
Equity award to director Kevin C. O’Boyle
Grant price
$0.0000 per share
RSUs awarded at no cash cost
Holdings after grant
3,608 shares
Total direct common stock holdings post-transaction
Vesting trigger
Earlier of one year or next annual meeting
RSU vesting condition from footnote
Key Terms
restricted stock units ("RSUs"), contingent right, annual meeting
3 terms
restricted stock units ("RSUs") financial
"These securities are restricted stock units ("RSUs"). Each RSU represents a contingent right..."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
contingent right financial
"Each RSU represents a contingent right to receive one share of IRTC Common Stock."
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 Holdings (IRTC) report for Kevin C. O’Boyle?
iRhythm reported that director Kevin C. O’Boyle received a grant of 1,573 restricted stock units. These units are part of his equity compensation and were awarded at no cash cost, increasing his direct holdings to 3,608 shares of common stock after the grant.
When do Kevin C. O’Boyle’s new iRhythm (IRTC) RSUs vest?
The RSUs granted to Kevin C. O’Boyle vest on the earlier of one year after the grant date or the company’s next annual meeting. This time-based vesting schedule is typical for director compensation and ties the award to continued board service during that period.
What are restricted stock units (RSUs) in the context of iRhythm (IRTC) director compensation?
For iRhythm, restricted stock units are awards that give the holder a contingent right to receive common shares. Kevin C. O’Boyle’s 1,573 RSUs convert into shares only upon vesting, aligning his compensation with shareholder value while deferring actual share delivery until conditions are met.