Myomo (NYSE: MYO) details 2026 executive salary-for-RSU compensation plan
Rhea-AI Filing Summary
Myomo, Inc. disclosed that its Compensation Committee approved a 2026 salary-for-restricted stock unit program open to all salaried employees. CEO Paul Gudonis and CFO David Henry each voluntarily elected to reduce their 2026 base salary by 10% in exchange for RSUs with an aggregate grant date fair value equal to 115% of the salary foregone, or $40,000 for the CEO and $30,000 for the CFO.
The company may, in its sole discretion, terminate or modify this program at any time before January 12, 2026; if it does, no RSUs will be granted and base salaries will remain unchanged. Subject to that right, RSUs will be granted in equal quarterly installments beginning January 12, 2026, with each quarterly grant vesting in full three months after its grant date under the company’s 2018 Stock Option and Incentive Plan and the applicable RSU agreements, provided the officer remains in continuous service.
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FAQ
What executive compensation change did Myomo (MYO) disclose in this 8-K?
Myomo disclosed that its Compensation Committee approved a 2026 salary-for-restricted stock unit program under which CEO Paul Gudonis and CFO David Henry each voluntarily elected to reduce their 2026 base salaries by 10% in exchange for RSUs.
How much salary will Myomo e2 80 99s CEO and CFO exchange for RSUs in 2026?
Under the program, CEO Paul Gudonis will forgo salary in exchange for RSUs with an aggregate grant date fair value of $40,000, and CFO David Henry will receive RSUs with an aggregate grant date fair value of $30,000, each equal to 115% of the salary foregone.
Can Myomo (MYO) change or cancel the 2026 salary-for-RSU program?
Yes. Myomo retains the right, in its sole discretion, to terminate or modify the salary-for-RSU program at any time before January 12, 2026. If it exercises this right, no RSU grants will be made and the officers e2 80 99 base salaries will remain unchanged.
When will the RSUs granted to Myomo executives start and how do they vest?
Subject to the company not terminating or modifying the program, RSUs will be granted in equal quarterly installments beginning on January 12, 2026. Each quarterly RSU grant will vest in full three months after its grant date, subject to the officer e2 80 99s continuous service with Myomo.
Who is eligible for Myomo e2 80 99s 2026 salary-for-RSU program?
The 2026 salary-for-restricted stock unit program approved by the Compensation Committee is described as being open to all salaried employees, with specific elections disclosed for the CEO and CFO.
Under what plan will the new RSUs for Myomo (MYO) executives be issued?
The RSUs to be granted under the 2026 salary-for-RSU program will be issued in accordance with the terms and conditions of Myomo e2 80 99s 2018 Stock Option and Incentive Plan, as may be amended, and the applicable restricted stock unit agreements.