KRMD (KRMD) CEO receives 286,697 performance stock units tied to 2030 goals
Filing Impact
Filing Sentiment
Form Type
4
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
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
KALBERMATTEN ADAM R
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Stock Unit | 286,697 | $0.00 | -- |
Holdings After Transaction:
Performance Stock Unit — 286,697 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Performance Stock Units granted: 286,697 units
Underlying common shares: 286,697 shares
Net sales growth vesting tranche: 215,023 units
+3 more
6 metrics
Performance Stock Units granted
286,697 units
Grant to President and CEO Adam R. Kalbermatten
Underlying common shares
286,697 shares
Each unit corresponds to one share of common stock
Net sales growth vesting tranche
215,023 units
May vest based on company net sales growth by 12/31/2030
Market cap vesting tranche
71,674 units
May vest based on company market capitalization at 12/31/2030
Total units held after grant
286,697 units
Direct holdings of performance stock units following this transaction
Exercise price
$0.00 per unit
Grant/award acquisition with no exercise price
Key Terms
Performance Stock Unit, net sales growth, market capitalization, amended and restated employment agreement
4 terms
Performance Stock Unit financial
"Performance stock unit awards pursuant to reporting person's amended and restated employment agreement"
A performance stock unit is a type of reward companies give to employees, usually managers, that depends on how well the company performs over time. If the company hits specific goals, the employee earns shares of stock, like earning a prize for reaching certain levels in a game. It motivates employees to work hard because their rewards are tied to the company's success.
net sales growth financial
"215,023 may vest based on a target of the Company's net sales growth on or prior to 12/31/2030"
market capitalization financial
"71,674 may vest based on a target of the Company's market capitalization at 12/31/2030"
Market capitalization is the total market value of a company’s outstanding shares, calculated by multiplying the current share price by the number of shares issued. It gives a quick snapshot of a company’s size and how investors value it, influencing perceived risk, index membership, and roughly how much it might cost to buy the whole company — like using a sticker price to compare the relative size and price of different houses.
amended and restated employment agreement financial
"Performance stock unit awards pursuant to reporting person's amended and restated employment agreement"
FAQ
What insider transaction did KORU Medical Systems (KRMD) report for its CEO?
KORU Medical Systems reported a grant of 286,697 Performance Stock Units to President and CEO Adam R. Kalbermatten. These equity awards are compensation-based and tied to future performance targets rather than an open-market stock purchase or sale.
How many Performance Stock Units did the KRMD CEO receive in this Form 4 filing?
Adam R. Kalbermatten received 286,697 Performance Stock Units, each linked to one share of common stock. All 286,697 units are shown as directly held following the grant, establishing a performance-based equity position for the CEO tied to long-term company results.
What performance goals affect vesting of the KRMD CEO’s new stock units?
The Performance Stock Units vest based on two long-term metrics: company net sales growth and market capitalization. 215,023 units may vest if a net sales growth target is met by 12/31/2030, and 71,674 units may vest if a market capitalization target is reached on 12/31/2030.
Is the KRMD CEO’s Form 4 transaction a stock purchase or sale?
The transaction is an award, not a market trade. The CEO acquired 286,697 Performance Stock Units at no exercise price as compensation. Vesting depends on future performance, so no open-market buying or selling occurred in this filing.
When do the KRMD CEO’s Performance Stock Units potentially vest?
The units are tied to performance through 12/31/2030. 215,023 units may vest based on net sales growth achieved on or before that date, while 71,674 units may vest depending on the company’s market capitalization measured on 12/31/2030.