Medifast (MED) director receives 11,680 RSUs as annual fee compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Thomas Andrea B reported acquisition or exercise transactions in this Form 4 filing.
MEDIFAST INC director Andrea B. Thomas received an equity grant of 11,680 restricted stock units as part of annual director fees. The award was made under the company’s Director's Deferred Compensation Plan, with each unit representing one share of common stock. The RSUs, issued from the Amended and Restated 2012 Share Incentive Plan, will vest in full on May 26, 2027. Following this grant, Thomas directly holds 35,697.123 shares of Medifast common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Thomas Andrea B
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 11,680 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 35,697.123 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 11,680 units
Grant price per share: $0.0000 per unit
Post-grant holdings: 35,697.123 shares
+1 more
4 metrics
RSU grant size
11,680 units
Restricted stock units granted as annual director fees
Grant price per share
$0.0000 per unit
Equity award granted at no cash cost to director
Post-grant holdings
35,697.123 shares
Common stock directly held after the reported 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, +1 more
5 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
"were 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"
vest in full financial
"and will vest in full on May 26, 2027"
FAQ
What did Medifast (MED) director Andrea B. Thomas report on this Form 4?
Andrea B. Thomas reported receiving 11,680 restricted stock units as equity compensation. The grant relates to annual director fees and is settled in Medifast common stock on vesting, rather than being an open-market share purchase.
Is the Medifast (MED) Form 4 transaction a market purchase or a compensation grant?
The transaction is a compensation grant, not a market purchase. The Form 4 shows an "A" code and describes a grant or award acquisition of restricted stock units given in connection with annual director fees under Medifast’s compensation plans.
When do the newly granted Medifast (MED) restricted stock units vest?
The 11,680 restricted stock units granted to Andrea B. Thomas vest in full on May 26, 2027. Vesting means the units convert to Medifast common shares deliverable to the director, assuming continued service and compliance with plan conditions.
What plan governs the Medifast (MED) restricted stock units granted to the director?
The units are granted under the Medifast, Inc. Director's Deferred Compensation Plan. The underlying shares come from the company’s Amended and Restated 2012 Share Incentive Plan, which authorizes equity awards to directors and other eligible participants.