iRhythm (IRTC) executive granted 10,034 RSUs in new equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Turakhia Minang reported acquisition or exercise transactions in this Form 4 filing.
iRhythm Holdings, Inc. reported that executive Minang Turakhia received an equity award in the form of Restricted Stock Units (RSUs) covering 10,034 shares of common stock at no cash cost on the grant date. Each RSU represents a right to receive one share if vesting conditions are met.
According to the vesting schedule, 25% of these RSUs vest on March 1, 2027, with the remaining RSUs vesting in equal portions on each one-year anniversary thereafter, as long as Turakhia continues as a service provider through each vesting date. Following this grant, Turakhia directly holds 58,933 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Turakhia Minang
Role
CHIEF MED/SCI OFCR EVP ADVTECH
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 10,034 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 58,933 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did iRhythm (IRTC) report for Minang Turakhia?
iRhythm reported that executive Minang Turakhia received a grant of 10,034 Restricted Stock Units. Each RSU represents a contingent right to one share of common stock, increasing his direct holdings to 58,933 shares after the award.
How many RSUs did Minang Turakhia receive from iRhythm (IRTC)?
Minang Turakhia received 10,034 Restricted Stock Units from iRhythm Holdings. These RSUs are equity awards with no cash paid per unit on the grant date, each convertible into one share of common stock upon vesting.
What is the vesting schedule for Minang Turakhia’s iRhythm (IRTC) RSUs?
25% of Minang Turakhia’s RSUs vest on March 1, 2027, with additional 25% tranches vesting on each one-year anniversary thereafter. Vesting requires that he continue as a service provider through each applicable vesting date.
What role does Minang Turakhia hold at iRhythm (IRTC)?
Minang Turakhia serves as Chief Medical and Scientific Officer and Executive Vice President of Advanced Technology at iRhythm. The Form 4 identifies him as an officer receiving a grant of Restricted Stock Units tied to his service.