908 Devices (MASS) SVP awarded 26,042 performance stock units as equity pay
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kenneweg John reported acquisition or exercise transactions in this Form 4 filing.
908 Devices Inc. reported that SVP of Sales & Product Marketing John Kenneweg received a grant of 26,042 Performance Stock Units. Each unit represents a contingent right to receive one share of Common Stock with a par value of $0.001 when it vests.
The compensation committee certified achievement of the required performance metrics and goals on April 28, 2026, and the PSUs are scheduled to vest on May 1, 2026 in accordance with their terms. The PSUs have no expiration date, and this filing reflects a compensation-related equity award rather than an open-market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kenneweg John
Role
SVP, Sales & Product Marketing
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Stock Units | 26,042 | $0.00 | -- |
Holdings After Transaction:
Performance Stock Units — 26,042 shares (Direct, null)
Footnotes (1)
- Each performance stock unit ("PSU") represents a contingent right to receive one share of Common Stock, par value $0.001, when vested. The Issuer's compensation committee of the Board of Directors certified the achievement of the applicable performance metrics and goals on April 28, 2026. The PSUs will vest, in accordance with their terms, on May 1, 2026. The PSUs have no expiration date.
Key Figures
Performance Stock Units granted: 26,042 units
Underlying Common Stock: 26,042 shares
Par value per Common Share: $0.001
+2 more
5 metrics
Performance Stock Units granted
26,042 units
Grant to SVP on April 28, 2026
Underlying Common Stock
26,042 shares
One share per PSU upon vesting
Par value per Common Share
$0.001
Common Stock underlying PSUs
Vesting date
May 1, 2026
Scheduled PSU vesting date
Performance certification date
April 28, 2026
Compensation committee certified goals
Key Terms
Performance Stock Units, Common Stock, par value, compensation committee
4 terms
Performance Stock Units financial
"Each performance stock unit ("PSU") represents a contingent right to receive one share"
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
Common Stock financial
"one share of Common Stock, par value $0.001, when vested"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
par value financial
"one share of Common Stock, par value $0.001, when vested"
Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.
compensation committee financial
"The Issuer's compensation committee of the Board of Directors certified the achievement"
A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.
FAQ
What insider transaction did 908 Devices (MASS) report for John Kenneweg?
908 Devices reported that SVP John Kenneweg received 26,042 Performance Stock Units as an equity compensation award. These units are derivative securities that can convert into Common Stock, reflecting a non-cash, stock-based component of his overall compensation package.
How many Performance Stock Units did the MASS executive receive and what do they represent?
The executive received 26,042 Performance Stock Units, each representing a contingent right to one share of Common Stock. The award delivers stock only if vesting conditions are met, aligning part of his compensation with the company’s equity performance over time.
When do the awarded PSUs for 908 Devices (MASS) vest and what triggered vesting?
The PSUs are scheduled to vest on May 1, 2026, after the compensation committee certified performance results on April 28, 2026. Certification confirmed achievement of the applicable performance metrics and goals, allowing the units to follow their vesting schedule into Common Stock delivery.
Does the MASS executive’s Performance Stock Unit award have an expiration date?
The filing states that the Performance Stock Units have no expiration date. Instead of expiring, they convert into shares of Common Stock when the vesting conditions are satisfied, following certification of performance metrics and the scheduled vesting date under the award’s terms.
Is the 908 Devices (MASS) Form 4 transaction an open-market purchase or sale?
The Form 4 reflects a grant of Performance Stock Units, not an open-market purchase or sale. It is categorized as a grant or award acquisition, meaning the executive received equity-based compensation directly from the company, with no market trade involved in this transaction.