Lantronix CRO granted 32,767 RSUs in stock award
LANTRONIX INC (LTRX) reported that its Chief Revenue Officer, Kurt W. Hoff, received a grant of 32,767 Restricted Stock Units (RSUs) linked to the company’s common stock.
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Rhea-AI Filing Summary
LANTRONIX INC (LTRX) reported that its Chief Revenue Officer, Kurt W. Hoff, received a grant of 32,767 Restricted Stock Units (RSUs) linked to the company’s common stock. This compensation award was recorded as an acquisition of derivative securities held directly by the reporting officer.
According to the grant’s vesting terms, one-third of the RSUs vest on August 26, 2027, with the remaining two-thirds vesting quarterly starting September 1, 2027, so that 100% of the 32,767 RSUs are fully vested by June 1, 2029. Following this grant, the officer is reported as directly holding 32,767 RSUs.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F1 | 32,767 | $0.00 | $0.00 |
Footnotes (1)
- F1. The restricted stock units ("RSUs") shall vest such that one-third (1/3) of the shares vest on August 26, 2027 and the remaining two-thirds (2/3) of the total number of shares vest quarterly thereafter beginning on September 1, 2027, such that one hundred percent (100%) of the RSUs will be fully vested on June 1, 2029.
Key Figures
Key Terms
Restricted Stock Units financial
vest financial
derivative securities financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did LTRX report for Kurt W. Hoff?
How many RSUs were granted to the LANTRONIX INC (LTRX) officer?
What is the vesting schedule for Kurt W. Hoff’s LTRX RSU grant?
How many RSUs does the LTRX officer hold after this reported grant?
Was the LANTRONIX INC (LTRX) RSU grant reported under a Rule 10b5-1 plan?
AI-generated analysis. How Rhea-AI works. Not financial advice.