iRhythm (IRTC) CEO Quentin Blackford receives 31,842 RSU equity grant
Rhea-AI Filing Summary
iRhythm Holdings, Inc. reported that President and CEO Quentin S. Blackford acquired 31,842 shares of common stock through a grant of Restricted Stock Units (RSUs). Each RSU represents the right to receive one share of common stock if vesting conditions are met. Following this award, he directly holds 217,968 shares. According to the grant terms, 25% of the RSUs vest on March 1, 2027 and on each one-year anniversary after that date, as long as he continues as a service provider.
Positive
- None.
Negative
- None.
Insights
CEO receives time-vested RSU grant, a routine equity award.
The filing shows Quentin S. Blackford, President and CEO of iRhythm Holdings, Inc., receiving a grant of 31,842 RSUs, each representing one future share of common stock. No cash changed hands; this is equity-based compensation.
The RSUs vest 25% on March 1, 2027 and then annually, contingent on continued service. This structure encourages long-term retention and alignment with shareholders but also adds to potential future share count as units vest and settle into common stock.
After this grant, Blackford directly holds 217,968 shares. The actual impact on ownership and dilution will depend on how many RSUs ultimately vest under these service-based conditions.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 31,842 | $0.00 | $0.00 |
Footnotes (1)
- F1. These securities are Restricted Stock Units ("RSUs"). Each RSU represents a contingent right to receive one share of the Issuer's Common Stock. 25% of the RSUs vest on March 1, 2027 and each one-year anniversary thereafter, subject to the Reporting Person continuing as a service provider through each such date.
FAQ
What insider transaction did iRhythm Holdings (IRTC) report for Quentin S. Blackford?
What are the vesting terms of the 31,842 RSUs granted to iRhythm CEO Quentin S. Blackford?
What does the RSU grant in iRhythm’s (IRTC) Form 4 filing represent?
Was the iRhythm (IRTC) CEO’s RSU grant a purchase or a compensation award?
AI-generated analysis. How Rhea-AI works. Not financial advice.