KRMD CEO granted 286,697 performance stock units
KALBERMATTEN ADAM R reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
KALBERMATTEN ADAM R reported acquisition or exercise transactions in this Form 4 filing.
KORU Medical Systems reported that President and CEO Adam R. Kalbermatten received a grant of 286,697 Performance Stock Units, each tied to an equal number of common shares. These awards were made under his amended and restated employment agreement as part of equity-based compensation.
According to the performance terms, 215,023 units may vest based on achieving a target level of the company's net sales growth on or prior to 12/31/2030, and 71,674 units may vest based on reaching a specified company market capitalization at 12/31/2030. All 286,697 units are reported as directly held following this grant.
Positive
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Stock Unit | 286,697 | $0.00 | $0.00 |
Footnotes (1)
- F1. Performance stock unit awards pursuant to reporting person's amended and restated employment agreement, of which 215,023 may vest based on a target of the Company's net sales growth on or prior to 12/31/2030 and 71,674 may vest based on a target of the Company's market capitalization at 12/31/2030.
Key Figures
Key Terms
Performance Stock Unit financial
net sales growth financial
market capitalization financial
amended and restated employment agreement financial
FAQ
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What insider transaction did KORU Medical Systems (KRMD) report for its CEO?
How many Performance Stock Units did the KRMD CEO receive in this Form 4 filing?
What performance goals affect vesting of the KRMD CEO’s new stock units?
Is the KRMD CEO’s Form 4 transaction a stock purchase or sale?
When do the KRMD CEO’s Performance Stock Units potentially vest?
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