Lifevantage (LFVN) awards 13,102 stock units and 19,654 performance RSUs
Rhea-AI Filing Summary
Lifevantage Corp (LFVN) reported a Form 4 showing equity awards to Julie Boyster, the company's Chief Marketing Officer. The filing discloses a non‑derivative grant of 13,102 common stock units on 08/26/2025, increasing her directly held common shares to 128,316. The filing also shows 19,654 Performance Restricted Stock Units (PRSUs) granted the same date, representing rights to receive that many shares if performance targets are met; the PRSUs count as 19,654 underlying shares for beneficial ownership. The stock units vest over time subject to continued service: 5/12 of the stock unit award vests on September 10, 2026, with the remainder in equal installments across seven calendar quarters thereafter. The PRSUs vest only to the extent financial performance criteria are achieved and, if earned, vest in three tranches on September 10, 2026, 2027 and 2028 (34%, 33%, 33%). The Form 4 was signed by a power of attorney on 08/28/2025.
Positive
- 13,102 common stock units were granted to the Chief Marketing Officer on 08/26/2025
- 19,654 Performance Restricted Stock Units (PRSUs) were granted on 08/26/2025
- Vesting schedules are specified, tying awards to continued service and to achievement of performance criteria
Negative
- None.
Insights
TL;DR: Executive awarded time‑based stock units and performance shares to align incentives with future service and performance.
The filing documents a routine executive compensation event: a time‑based grant of 13,102 common stock units and 19,654 PRSUs for the Chief Marketing Officer. Vesting schedules combine service‑based installments and performance‑contingent vesting, with clear tranche dates spanning 2026–2028. From a governance perspective, this structure ties pay to multi‑period performance and retention without disclosing absolute performance targets or potential expense impact. The disclosure is specific on quantities and vesting timing but does not include performance metric details or grant valuation.
TL;DR: Insider reported acquisitions of stock units and PRSUs increasing beneficial ownership; transaction appears as compensation, not open‑market trading.
The Form 4 shows acquisitions coded as 'A' with $0 price, indicating awards rather than market purchases. Beneficial ownership after the grants is stated as 128,316 common shares and 19,654 shares underlying PRSUs. The filing follows Section 16 reporting requirements and was executed via power of attorney. No information in the filing indicates transfers, sales, or hedging arrangements. Material financial effects (expense recognition, dilution) are not disclosed here and would appear in periodic filings.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Restricted Stock Units | 19,654 | $0.00 | -- |
| Grant/Award | Common Stock | 13,102 | $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.
