NLIGHT (LASR) director receives 2,429-share RSU board compensation grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gossman William reported acquisition or exercise transactions in this Form 4 filing.
NLIGHT, INC. director William Gossman received an equity award in the form of restricted stock units representing 2,429 shares of common stock as compensation for service on the board. The grant reflects his annual RSU compensation, calculated using the company’s closing stock price on the grant date.
All of these restricted stock units vest on the earlier of June 5, 2027, or the day prior to the 2027 annual meeting, provided he continues as a non-employee director through the vesting date. Following this award, he holds 100,251 shares, including common stock and unvested restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Gossman William
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,429 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 100,251 shares (Direct, null)
Footnotes (1)
- The number of restricted stock units issued represents the quotient of (A) annual RSU compensation for service on the Issuer's board of directors divided by (B) the Issuer's closing stock price on the grant date, rounded down to the nearest whole share. All restricted stock units will vest on the earlier of June 5, 2027, or the day prior to the date of the 2027 annual meeting, subject to the non-employee director continuing to be a service provider through the applicable vesting date. Includes common stock owned and unvested restricted stock units.
Key Figures
RSU award size: 2,429 shares
Post-award holdings: 100,251 shares
Vesting date: June 5, 2027
+1 more
4 metrics
RSU award size
2,429 shares
Annual restricted stock unit compensation for board service
Post-award holdings
100,251 shares
Total common stock and unvested RSUs following transaction
Vesting date
June 5, 2027
RSUs vest on this date or the day prior to 2027 annual meeting
Grant price per share
$0.0000 per share
Indicates compensation grant, not open-market purchase
Key Terms
restricted stock units, annual RSU compensation, vesting
3 terms
restricted stock units financial
"The number of restricted stock units issued represents the quotient of (A) annual RSU compensation..."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
annual RSU compensation financial
"The number of restricted stock units issued represents the quotient of (A) annual RSU compensation for service..."
vesting financial
"All restricted stock units will vest on the earlier of June 5, 2027, or the day prior..."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What did NLIGHT (LASR) director William Gossman report in this Form 4 filing?
William Gossman reported receiving an equity award of 2,429 restricted stock units as annual compensation for serving on NLIGHT’s board. These units are granted at no cash cost and increase his overall equity-based stake in the company, subject to future vesting conditions.
What are the vesting terms of the 2,429 restricted stock units at NLIGHT (LASR)?
The 2,429 restricted stock units vest on the earlier of June 5, 2027, or the day before NLIGHT’s 2027 annual meeting. Vesting requires that Mr. Gossman continue to serve as a non-employee director through the applicable vesting date, aligning compensation with ongoing board service.
How was the number of 2,429 restricted stock units for NLIGHT (LASR) determined?
The 2,429 restricted stock units were calculated by dividing Mr. Gossman’s annual RSU compensation for board service by NLIGHT’s closing stock price on the grant date. The result was then rounded down to the nearest whole share, as described in the Form 4 footnote.
Does this NLIGHT (LASR) Form 4 reflect an open-market stock purchase or sale?
This Form 4 does not show an open-market purchase or sale; it reports a grant of restricted stock units with a zero purchase price. The award is part of Mr. Gossman’s annual board compensation, rather than a discretionary market transaction in NLIGHT shares.