RSU grant to Life Time (LTH) founder and CEO Bahram Akradi
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Life Time Group Holdings founder and CEO Bahram Akradi received an equity grant in the form of restricted stock units (RSUs). He was awarded 155,440 RSUs of common stock at no purchase price, classified as a grant or award acquisition.
Each RSU represents a contingent right to receive one share of common stock and will vest ratably over three years starting on February 1, 2027. Following this grant, he directly holds 3,690,121 common shares, with additional indirect holdings reported through several Bahram Akradi family trusts.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Akradi Bahram
Role
FOUNDER & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 155,440 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 3,690,121 shares (Direct);
Common Stock — 34,411 shares (Indirect, By Bahram Akradi 2012 GST Family Trust)
Footnotes (1)
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FAQ
What did Life Time (LTH) CEO Bahram Akradi receive in this Form 4 filing?
Bahram Akradi received a grant of 155,440 restricted stock units (RSUs) of Life Time Group Holdings common stock. Each RSU represents a contingent right to receive one share of common stock, subject to a time-based vesting schedule starting in 2027.
How many Life Time (LTH) RSUs were granted to CEO Bahram Akradi?
The filing reports a grant of 155,440 restricted stock units to CEO Bahram Akradi. These RSUs are a form of equity compensation and are separate from his existing direct and indirect common stock holdings reported in the same Form 4.
What is the vesting schedule for Bahram Akradi’s new Life Time (LTH) RSUs?
The RSUs will vest ratably over three years starting on February 1, 2027. “Ratable” means the units vest in equal installments each year over the three-year period, contingent on meeting the applicable vesting conditions.
What type of transaction code is used for Bahram Akradi’s Life Time (LTH) RSU award?
The transaction uses code “A,” described as a grant, award, or other acquisition. This indicates the RSUs were granted as part of an award rather than bought or sold in the market, and they are subject to future vesting.