LENSAR (LNSR) grants 13,066 RSUs to principal accounting officer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Wong Kendra reported acquisition or exercise transactions in this Form 4 filing.
LENSAR, Inc. reported that Principal Accounting Officer Kendra Wong received a grant of 13,066 restricted stock units (RSUs) of common stock. Each RSU represents the right to receive one share of LENSAR common stock if vesting conditions are met.
The RSUs vest in four substantially equal annual installments on each anniversary of the grant date, as long as Wong continues to provide service to the company through each vesting date. After this award, she directly holds 56,481 shares of LENSAR common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Wong Kendra
Role
Principal Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 13,066 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 56,481 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 13,066 RSUs
Vesting schedule: 4 annual installments
Post-transaction holdings: 56,481 shares
+1 more
4 metrics
RSUs granted
13,066 RSUs
Award of restricted stock units to Principal Accounting Officer
Vesting schedule
4 annual installments
RSUs vest in four substantially equal annual installments
Post-transaction holdings
56,481 shares
Total common stock held directly after RSU grant
Grant price
$0.00 per share
Equity compensation grant, not open-market purchase
Key Terms
restricted stock units, RSUs, contingent right, vesting date
4 terms
restricted stock units financial
"Consists of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share"
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.
RSUs financial
"Consists of restricted stock units ("RSUs"). Each RSU represents a contingent right"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
contingent right financial
"Each RSU represents a contingent right to receive one share of LENSAR, Inc. common stock."
vesting date financial
"subject to the Reporting Person's continued service to the Issuer through the applicable vesting date."
FAQ
What did LENSAR (LNSR) disclose about Kendra Wong’s recent equity award?
LENSAR disclosed that Principal Accounting Officer Kendra Wong received a grant of 13,066 restricted stock units. Each RSU represents a right to one share of common stock, subject to vesting and continued service conditions over time.
How many LENSAR (LNSR) RSUs were granted to the principal accounting officer?
The principal accounting officer received 13,066 restricted stock units of LENSAR common stock. These RSUs vest in four substantially equal annual installments, aligning her compensation with long-term company performance and encouraging retention through ongoing service.
What are the vesting terms of the 13,066 LENSAR (LNSR) RSUs granted to Kendra Wong?
The 13,066 RSUs vest in four substantially equal annual installments on each anniversary of the grant date. Vesting is contingent on Kendra Wong’s continued service to LENSAR through each applicable vesting date, making this a multi-year retention incentive.
What does each RSU in the LENSAR (LNSR) grant to Kendra Wong represent?
Each restricted stock unit represents a contingent right to receive one share of LENSAR common stock. The shares are only delivered if the RSUs vest, which requires that the service-based vesting conditions outlined by the company are satisfied over time.
Was the LENSAR (LNSR) RSU grant to Kendra Wong an open-market purchase or a compensation award?
The transaction was coded as a grant or award acquisition, not an open-market purchase. The 13,066 shares were awarded as restricted stock units at a stated price of $0.00 per unit, reflecting equity-based compensation rather than a cash stock purchase.