Medifast (NYSE: MED) director receives 11,680 restricted stock units award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SCHLACKMAN SCOTT reported acquisition or exercise transactions in this Form 4 filing.
Medifast Inc. director Scott Schlackman received an award of 11,680 restricted stock units as part of his annual director fees. Each unit represents one share of common stock granted under the company’s share incentive plan and is scheduled to vest in full on May 26, 2027. Following this grant, Schlackman directly holds 42,228.707 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SCHLACKMAN SCOTT
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 11,680 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 42,228.707 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSUs granted: 11,680 units
Grant price: $0.00 per share
Post-transaction holdings: 42,228.707 shares
+1 more
4 metrics
RSUs granted
11,680 units
Restricted stock units granted to director as fees
Grant price
$0.00 per share
Reported transaction price per share for the award
Post-transaction holdings
42,228.707 shares
Common stock directly held after the grant
Vesting date
May 26, 2027
RSUs vest in full on this date
Key Terms
restricted stock units, Director's Deferred Compensation Plan, Amended and Restated 2012 Share Incentive Plan, annual director fees
4 terms
restricted stock units financial
"These restricted stock units were granted under the Medifast, Inc. Director's Deferred Compensation Plan"
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.
Director's Deferred Compensation Plan financial
"granted under the Medifast, Inc. Director's Deferred Compensation Plan, as Amended and Restated"
annual director fees financial
"in connection with the payment of the reporting person's annual director fees"
FAQ
What insider transaction did Medifast (MED) report for Scott Schlackman?
Medifast reported that director Scott Schlackman received 11,680 restricted stock units as part of his annual director fees. Each unit represents one share of common stock, granted at no cash cost to him.
What are the terms of the 11,680 restricted stock units granted at Medifast (MED)?
The 11,680 restricted stock units represent rights to receive an equal number of Medifast common shares. They were granted under director compensation and will vest in full on May 26, 2027, if the vesting conditions are met.
Was the Medifast (MED) grant to Scott Schlackman a market purchase or sale?
The transaction was a grant or award of 11,680 restricted stock units, not an open-market purchase or sale. The units were issued as compensation for his role as a director, with a reported price of $0.00 per share.
When will Scott Schlackman’s Medifast (MED) restricted stock units vest?
The restricted stock units granted to Scott Schlackman are scheduled to vest in full on May 26, 2027. Vesting means each unit will convert into one share of Medifast common stock, assuming the vesting terms are satisfied.