iRhythm Holdings (IRTC) director granted 1,573 RSUs in equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
iRhythm Holdings director Cathleen Noel Bairey Merz received an equity award of 1,573 shares of Common Stock through restricted stock units. The grant was made at no cash cost to her and is a form of stock-based compensation rather than an open-market purchase.
Each RSU converts into one iRhythm share when it vests. The units vest on the earlier of one year after the grant date or the company’s next annual meeting. After this award, she directly holds 10,546 shares of iRhythm common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Bairey Merz Cathleen Noel
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,573 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 10,546 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 1,573 units
Post-transaction holdings: 10,546 shares
Grant price: $0.00 per share
+1 more
4 metrics
RSUs granted
1,573 units
Restricted stock units awarded to director on May 27, 2026
Post-transaction holdings
10,546 shares
Director’s direct iRhythm common stock holdings after grant
Grant price
$0.00 per share
Indicates no cash paid; compensation award
Vesting trigger
Earlier of 1 year or next annual meeting
Time-based vesting condition for RSUs
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 did iRhythm Holdings (IRTC) disclose in this Form 4 filing?
iRhythm Holdings reported a stock-based compensation grant to director Cathleen Noel Bairey Merz. She received 1,573 restricted stock units, each representing one share of common stock, which increased her direct holdings to 10,546 shares after the award.
When do the newly granted iRhythm (IRTC) RSUs vest for the director?
The restricted stock units vest on the earlier of one year after the grant date or the date of iRhythm’s next annual meeting. This time-based vesting schedule is typical for director compensation and links stock delivery to continued board service.
Is the iRhythm (IRTC) Form 4 transaction an open-market stock purchase?
No, this transaction is not an open-market purchase. The Form 4 shows a grant of 1,573 restricted stock units to the director at a stated price of $0.00 per share, reflecting stock-based compensation rather than a voluntary buy in the public market.