Executive Chad Patterson granted 10,870 RSUs at iRhythm (IRTC)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Patterson Chad reported acquisition or exercise transactions in this Form 4 filing.
iRhythm Holdings, Inc. reported that Chief Commercial & Product Officer Chad Patterson received an equity award in the form of restricted stock units. He was granted 10,870 RSUs, each representing a contingent right to receive one share of iRhythm common stock at no cash cost.
According to the vesting schedule, 25% of the RSUs vest on March 1, 2027, with additional 25% portions vesting on each one-year anniversary thereafter, as long as he continues as a service provider through each vesting date. Following this grant, his reported direct ownership increased to 62,608 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Patterson Chad
Role
CHIEF COMM & PRODUCT OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 10,870 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 62,608 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did iRhythm (IRTC) report for Chad Patterson?
iRhythm reported that Chief Commercial & Product Officer Chad Patterson received a grant of 10,870 restricted stock units. Each RSU represents a contingent right to one share of iRhythm common stock, increasing his reported direct holdings to 62,608 shares after the award.
How many restricted stock units did Chad Patterson receive at iRhythm (IRTC)?
Chad Patterson received 10,870 restricted stock units from iRhythm. These RSUs carry no cash exercise price and convert into common shares upon vesting, subject to the company’s standard terms and his continued service with iRhythm through each vesting date.
What is the vesting schedule for Chad Patterson’s RSUs at iRhythm (IRTC)?
The RSUs vest over four years, with 25% vesting on March 1, 2027. The remaining RSUs vest in 25% increments on each one-year anniversary after that date, provided Chad Patterson continues as a service provider through each scheduled vesting date.
What does each RSU granted to Chad Patterson by iRhythm (IRTC) represent?
Each RSU represents a contingent right to receive one share of iRhythm common stock. The units do not require a purchase price, and they convert into shares only as they vest, assuming Chad Patterson remains a service provider through the applicable vesting dates.
Was Chad Patterson’s iRhythm (IRTC) equity grant a purchase or an award?
The transaction is reported as an award, not a market purchase. It is coded as a grant or other acquisition, with 10,870 restricted stock units granted at a price of $0.00 per unit, consistent with standard equity compensation practices for senior executives.