Lifevantage (LFVN) Form 4: CFO Granted Time-Based and Performance Shares
Rhea-AI Filing Summary
Lifevantage Corp (LFVN) Chief Financial Officer Carl Aure received equity awards on 08/26/2025. The Form 4 reports an award of 10,241 stock units that represent rights to receive common shares and 15,361 Performance Restricted Stock Units (PRSUs) that are earned based on specified financial performance criteria. After the reported transactions, the filing shows 143,544 shares beneficially owned and 15,361 derivative shares from PRSUs. The stock units vest over time with a schedule beginning September 10, 2026, and the PRSUs vest contingent on performance and continued service with vesting dates in 2026–2028. The form was signed by power of attorney on 08/28/2025.
Positive
- Grant disclosed: Reporting shows receipt of 10,241 stock units and 15,361 PRSUs on 08/26/2025
- Clear vesting schedules: Stock units vest beginning 09/10/2026; PRSUs vest in 2026–2028 subject to performance
- Ownership increase documented: Beneficial ownership reported as 143,544 common shares and 15,361 PRSU-linked shares
Negative
- None.
Insights
TL;DR: CFO received time-based and performance-based equity grants, increasing direct and potential holdings.
The filing documents a combined grant of 10,241 stock units and 15,361 PRSUs to the CFO on 08/26/2025, increasing reported beneficial ownership to 143,544 shares plus 15,361 PRSU-linked shares. The stock units vest beginning 09/10/2026 in a defined installment schedule, while PRSU vesting depends on achieving stated financial performance targets with vesting in 2026–2028. For investors, these awards reflect compensation alignment with future performance milestones and retention through multi-year vesting.
TL;DR: The Form 4 discloses standard executive equity compensation with specified vesting and performance conditions.
The report identifies Carl Aure as an officer (CFO) and details equity awards executed 08/26/2025: 10,241 stock units (time-based vesting schedule) and 15,361 PRSUs (performance-contingent, eligible up to 200% of target at maximum). Vesting schedules and performance conditions are explicitly stated, and the disclosure was executed by a power of attorney on 08/28/2025. This is a routine, governance-compliant disclosure of insider compensation and resulting beneficial ownership.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Restricted Stock Units | 15,361 | $0.00 | -- |
| Grant/Award | Common Stock | 10,241 | $0.00 | -- |
Footnotes (1)
- This reflects a stock unit award, in which each stock unit represents a right to receive one share of issuer common stock, which award will vest, subject to the reporting person's continued service with the issuer, as follows: (i) 5/12 of the total number of units will vest on September 10, 2026 and (ii) the remaining units will vest in equal installments as of the 10th day of the third month of each of the seven calendar quarters thereafter. Each Performance Restricted Stock Unit ("PRSU") represents a right to receive one share of issuer common stock, with the total number of units reflecting the number that are eligible to be earned at target-level performance achievement. Upon achievement of the maximum level of the applicable performance criteria, the reporting person may become eligible to earn 200% of the target number of units. The PRSUs will vest only to the extent the specified financial performance criteria are achieved and subject to the reporting person's continued service with the issuer, as follows: (i) 34% of the earned award will vest on September 10, 2026 (ii) 33% of the earned award will vest on September 10, 2027 and (iii) 33% of the earned award will vest on September 10, 2028.
