Director Stuart Lasher receives 7,009 RSUs at Life Time (NYSE: LTH)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lasher Stuart G. reported acquisition or exercise transactions in this Form 4 filing.
Life Time Group Holdings director Stuart G. Lasher reported a compensation-related share award. He received 7,009 restricted stock units (RSUs), with each RSU representing one share of common stock at no purchase price.
The RSUs vest on the earlier of the day immediately prior to the next annual stockholders meeting or the first anniversary of the grant date, subject to his continuing service. Following this grant, Lasher holds 15,648 shares directly and indirectly holds 250,000 shares through SG1 Investment Limited Partnership and 138,888 shares through QCP Stock Holdings LP.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Lasher Stuart G.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 7,009 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 15,648 shares (Direct, null);
Common Stock — 138,888 shares (Indirect, By QCP Stock Holdings LP)
Footnotes (1)
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Key Figures
RSU grant: 7,009 RSUs
Direct shares after grant: 15,648 shares
Indirect SG1 holdings: 250,000 shares
+2 more
5 metrics
RSU grant
7,009 RSUs
Restricted stock units granted to director Stuart G. Lasher
Direct shares after grant
15,648 shares
Common stock directly held by Lasher after RSU award
Indirect SG1 holdings
250,000 shares
Common stock held indirectly via SG1 Investment Limited Partnership
Indirect QCP holdings
138,888 shares
Common stock held indirectly via QCP Stock Holdings LP
Vesting schedule
Earlier of next meeting or 1 year
RSUs vest before next annual stockholders meeting or on first anniversary, with continued service
Key Terms
restricted stock units ("RSUs"), contingent right, annual stockholders meeting, continuing service
4 terms
restricted stock units ("RSUs") financial
"Reflects an award of restricted stock units ("RSUs"). Each RSU represents a contingent right"
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.
contingent right financial
"Each RSU represents a contingent right to receive one share of the Issuer's common stock."
annual stockholders meeting financial
"will vest on the earlier of (i) the day immediately prior to the date of the annual stockholders meeting"
continuing service financial
"subject to the Reporting Person's continuing service through such date."
FAQ
What did Stuart G. Lasher report in his Form 4 for LTH?
Stuart G. Lasher reported receiving 7,009 restricted stock units in Life Time Group Holdings. Each RSU equals one share of common stock and was granted as compensation, increasing his direct holdings to 15,648 shares after the transaction.
How many Life Time Group (LTH) RSUs did Stuart Lasher receive?
Stuart Lasher received 7,009 restricted stock units from Life Time Group Holdings. Each RSU represents a contingent right to one share of common stock, granted at no purchase price as part of his director compensation package.
When do Stuart Lasher’s new LTH RSUs vest?
The 7,009 RSUs vest on the earlier of the day immediately before the next annual stockholders meeting or the first anniversary of the grant date, provided Stuart Lasher continues to serve the company through the applicable vesting date.
Is Stuart Lasher’s LTH Form 4 a market purchase or sale?
The Form 4 reflects an acquisition of 7,009 restricted stock units as a grant, not a market purchase or sale. The transaction code is A, indicating a grant or award rather than an open-market trade of Life Time Group shares.