MiniMed Group (MMED) CFO receives 116,607 restricted stock units as awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Spooner Chad reported acquisition or exercise transactions in this Form 4 filing.
MiniMed Group, Inc. reported that EVP and Chief Financial Officer Chad Spooner received equity-based compensation in the form of restricted stock units tied to common stock. He was granted 22,057 shares that vest in three equal annual installments and 94,550 shares that vest on the third anniversary of the grant date.
Both awards were granted at no cash cost per share and are part of the 2026 MiniMed Group, Inc. Long Term Incentive Plan. Following these grants, Spooner directly holds more than 360,000 shares of common stock, indicating this is a compensation-related increase rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Spooner Chad
Role
EVP, Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 94,550 | $0.00 | -- |
| Grant/Award | Common Stock | 22,057 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 363,951 shares (Direct)
Footnotes (1)
- Represents the grant of restricted stock units ("RSUs") pursuant to the 2026 MiniMed Group, Inc. Long Term Incentive Plan that vest in approximately equal one-third increments on the first, second and third anniversaries of the grant date. Includes shares of common stock to be issued in connection with the vesting of one or more RSUs. Represents the grant of restricted stock units ("RSUs") pursuant to the 2026 MiniMed Group, Inc. Long Term Incentive Plan that vest on the third anniversary of the grant date.
Key Figures
RSU grant (3-year ratable vesting): 22,057 shares
RSU grant (cliff vesting): 94,550 shares
Grant price per share: $0.00 per share
+2 more
5 metrics
RSU grant (3-year ratable vesting)
22,057 shares
Restricted stock units vesting in one-third increments on first, second and third anniversaries
RSU grant (cliff vesting)
94,550 shares
Restricted stock units vesting on the third anniversary of the grant date
Grant price per share
$0.00 per share
Reported transaction price for both restricted stock unit awards
Shares held after award (row 1)
386,008 shares
Total MiniMed common shares directly owned after first reported award
Shares held after award (row 2)
363,951 shares
Total MiniMed common shares directly owned after second reported award
Key Terms
restricted stock units, RSUs, Long Term Incentive Plan, vest, +1 more
5 terms
restricted stock units financial
"Represents the grant of restricted stock units ("RSUs") pursuant to the 2026 MiniMed Group, Inc. Long Term Incentive 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.
RSUs financial
"Represents the grant of restricted stock units ("RSUs") pursuant to the 2026 MiniMed Group, Inc. Long Term Incentive Plan"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
Long Term Incentive Plan financial
"pursuant to the 2026 MiniMed Group, Inc. Long Term Incentive Plan that vest in approximately equal one-third increments"
A long term incentive plan is a company program that awards executives and key employees bonuses—often in stock, options, or cash—only if the business meets multi-year performance goals. It links management pay to company results—like tying a coach’s bonus to a team’s multi-season record—so investors monitor it for how leaders are motivated, potential share dilution, and signals about the company’s long-term priorities.
vest financial
"that vest in approximately equal one-third increments on the first, second and third anniversaries of the grant date"
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.
common stock financial
"Includes shares of common stock to be issued in connection with the vesting of one or more RSUs"
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.
