LENSAR (LNSR) director receives 17,421 RSUs as annual equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LINDSTROM RICHARD L MD reported acquisition or exercise transactions in this Form 4 filing.
LENSAR, Inc. reported that director Richard L. Lindstrom, MD received a grant of 17,421 restricted stock units (RSUs) of common stock as part of his annual non-employee director compensation. Each RSU represents one share of common stock and was granted at no cash purchase price.
The RSUs vest in full on June 3, 2027, if he continues to provide service to the company through that date. They will be settled in shares upon the earliest of his service termination, a change in control of the company, or his death or disability. Following this award, he holds 263,831 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
LINDSTROM RICHARD L MD
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 17,421 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 263,831 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 17,421 RSUs
Grant price per unit: $0.00 per RSU
Post-transaction holdings: 263,831 shares
+1 more
4 metrics
RSU grant size
17,421 RSUs
Annual non-employee director compensation award
Grant price per unit
$0.00 per RSU
Equity compensation, not an open-market purchase
Post-transaction holdings
263,831 shares
Common stock held directly after the RSU grant
RSU vesting date
June 3, 2027
Full vesting subject to continued service
Key Terms
restricted stock units ("RSUs"), change in control, non-employee director compensation program, contingent right
4 terms
restricted stock units ("RSUs") financial
"Consists of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
change in control financial
"will be settled upon the earliest to occur of (a) the Reporting Person's termination of service, (b) a change in control of the Company"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
non-employee director compensation program financial
"granted in accordance with the Issuer's non-employee director compensation program as a component of the Reporting Person's annual compensation"
contingent right financial
"Each RSU represents a contingent right to receive one share of LENSAR, Inc. common stock"
FAQ
What insider transaction did LENSAR (LNSR) disclose for Richard L. Lindstrom, MD?
LENSAR disclosed that director Richard L. Lindstrom, MD received 17,421 restricted stock units as a grant. The award is part of his annual non-employee director compensation and represents a contingent right to receive an equal number of LENSAR common shares.
At what price were the RSUs granted to the LENSAR (LNSR) director?
The 17,421 RSUs were granted at a stated price of $0.00 per unit. This reflects that the award is equity compensation, not a cash purchase, and is tied to the director’s continued service rather than an open-market transaction.
When do the newly granted LENSAR (LNSR) RSUs vest for the director?
The RSUs vest in full on June 3, 2027, assuming the director continues serving LENSAR through that date. Settlement into common shares occurs at vesting or earlier upon service termination, a change in control, or the director’s death or disability.
Why did LENSAR (LNSR) grant RSUs to its non-employee director?
The RSUs were granted under LENSAR’s non-employee director compensation program as part of annual compensation. Such equity awards are designed to align director interests with shareholders by tying part of their pay to the company’s stock over time.
What events can accelerate settlement of the LENSAR (LNSR) RSUs?
The RSUs will be settled upon the earliest of the director’s termination of service, a change in control of LENSAR, or his death or disability. These conditions allow earlier share delivery if significant employment or corporate events occur.