Lantronix (NASDAQ: LTRX) grants CRO 32,767 RSUs vesting through 2029
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.
Positive
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Negative
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Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hoff Kurt W
Role
Chief Revenue Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F1 | 32,767 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 32,767 shares (Direct)
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
RSUs granted: 32,767 Restricted Stock Units
RSUs underlying common stock: 32,767 shares of Common Stock
Post-transaction RSU holdings: 32,767 Restricted Stock Units
+3 more
6 metrics
RSUs granted
32,767 Restricted Stock Units
Grant of RSUs to Chief Revenue Officer Kurt W. Hoff on 2026-08-26
RSUs underlying common stock
32,767 shares of Common Stock
Each RSU represents a right to receive one share of LANTRONIX INC common stock
Post-transaction RSU holdings
32,767 Restricted Stock Units
Total RSUs directly held by the officer following the grant
Initial vesting portion
1/3 of the RSUs
Vests on August 26, 2027 under the RSU award terms
Remaining vesting portion
2/3 of the RSUs
Vests quarterly beginning on September 1, 2027 until fully vested
Full vesting
100% of 32,767 RSUs
All RSUs fully vested by June 1, 2029
Key Terms
Restricted Stock Units, vest, derivative securities
3 terms
Restricted Stock Units financial
"The restricted stock units ("RSUs") shall vest such that one-third (1/3)..."
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.
vest financial
"The restricted stock units ("RSUs") shall vest such that one-third (1/3)..."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
derivative securities financial
"This compensation award was recorded as an acquisition of derivative securities..."
Financial contracts whose value is tied to the price or performance of another asset, such as a stock, bond, commodity, index, or currency; examples include options, futures and swaps. They matter to investors because they let you protect against price swings, bet on future moves or gain larger exposure with less upfront cash—like using a lever or insurance policy on an investment—so they can amplify gains and losses and help manage portfolio risk.
FAQ
What insider transaction did LTRX report for Kurt W. Hoff?
LANTRONIX INC reported that Chief Revenue Officer Kurt W. Hoff received a grant of 32,767 Restricted Stock Units (RSUs) tied to the company’s common stock, recorded as an acquisition of derivative securities held directly by him as part of his compensation.
How many RSUs were granted to the LANTRONIX INC (LTRX) officer?
Chief Revenue Officer Kurt W. Hoff was granted 32,767 Restricted Stock Units (RSUs). These RSUs are tied to LANTRONIX INC common stock and represent a stock-based compensation award that vests over multiple years according to a defined schedule.
What is the vesting schedule for Kurt W. Hoff’s LTRX RSU grant?
For the 32,767 RSUs, one-third vests on August 26, 2027, and the remaining two-thirds vest quarterly beginning September 1, 2027, so that 100% of the RSUs are fully vested on June 1, 2029, assuming continued eligibility under the award terms.
How many RSUs does the LTRX officer hold after this reported grant?
Following this reported transaction, Chief Revenue Officer Kurt W. Hoff is shown as directly holding 32,767 Restricted Stock Units (RSUs) associated with LANTRONIX INC common stock, reflecting the full amount of the newly granted award.
Was the LANTRONIX INC (LTRX) RSU grant reported under a Rule 10b5-1 plan?
No. The report indicates the Rule 10b5-1 checkbox is not affirmed, meaning the disclosed RSU grant to Chief Revenue Officer Kurt W. Hoff was not reported as being made pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
