MYOMO (MYO) director granted 78,704 RSUs, total holdings now 223,391 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Morris Milton Mayo reported acquisition or exercise transactions in this Form 4 filing.
MYOMO, INC. director Morris Milton Mayo reported an award of 78,704 shares of common stock in the form of Restricted Stock Units under the company’s 2018 Stock Option and Incentive Plan. Following the grant, he directly holds 223,391 shares.
The RSUs vest in four equal quarterly installments beginning on September 9, 2026, with each unit representing a contingent right to receive one share of common stock. Mayo has elected to defer actual receipt of the common stock until the earlier of 30 days after his service ends or a change in control.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Morris Milton Mayo
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 78,704 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 223,391 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant: 78,704 shares
Holdings after transaction: 223,391 shares
Vesting schedule: 4 equal quarterly installments
+1 more
4 metrics
RSU grant
78,704 shares
Restricted Stock Units of common stock awarded to director
Holdings after transaction
223,391 shares
Total direct common stock holdings after RSU grant
Vesting schedule
4 equal quarterly installments
RSUs vest beginning September 9, 2026
Deferral period trigger
30 days
Shares delivered 30 days after service termination or upon change in control
Key Terms
Restricted Stock Units, 2018 Stock Option and Incentive Plan, contingent right, change in control
4 terms
Restricted Stock Units financial
"Represents grant of Restricted Stock Units under the Issuer's 2018 Stock Option and 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.
2018 Stock Option and Incentive Plan financial
"Represents grant of Restricted Stock Units under the Issuer's 2018 Stock Option and Incentive Plan"
contingent right financial
"each representing a contingent right to receive one share of the Issuer's common stock"
change in control financial
"until the earlier of (i) the date that is thirty (30) days following the date of termination of service and (ii) the date of a change in control"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
FAQ
What insider transaction did MYOMO (MYO) director Morris Milton Mayo report?
Morris Milton Mayo reported receiving 78,704 Restricted Stock Units of MYOMO common stock. These are compensation-related awards, not open-market purchases, and increase his direct holdings to 223,391 shares, aligning his interests more closely with shareholders over time.
How do the MYOMO (MYO) RSUs granted to Morris Milton Mayo vest?
The 78,704 Restricted Stock Units vest in four equal quarterly installments starting September 9, 2026. Each vested RSU converts into one share of MYOMO common stock, subject to Mayo’s deferral election regarding when the underlying shares are actually delivered.
What deferral election did Morris Milton Mayo make for his MYOMO RSU grant?
Morris Milton Mayo elected to defer receiving MYOMO common stock from the RSUs until the earlier of 30 days after his service terminates or a change in control. This means share delivery is postponed, even as the RSUs vest over time.
Are the MYOMO (MYO) RSUs granted to Morris Milton Mayo open-market purchases?
No, the RSUs are a grant under MYOMO’s 2018 Stock Option and Incentive Plan. They are compensation awards with no cash price per share, rather than open-market purchases, and represent contingent rights to receive common stock as they vest.