Myomo (MYO) CEO swaps salary for 19,395 RSU equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MYOMO, INC. reported that Chief Executive Officer Paul R. Gudonis acquired 19,395 shares of common stock through a grant of Restricted Stock Units (RSUs) with no cash paid per share. These RSUs were issued under a program allowing employees to exchange 10% of their salary for equity at a grant date fair value of 115% of the salary given up, covering three months of salary.
The RSUs from this grant vest in full on July 9, 2026. After this award, Gudonis directly holds a total of 1,280,045 shares of Myomo common stock, underscoring that this is primarily a compensation-related equity grant rather than an open‑market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
GUDONIS PAUL R
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 19,395 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 1,280,045 shares (Direct)
Footnotes (1)
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Key Figures
RSUs granted: 19,395 shares
Price per share: $0.00 per share
Shares held after grant: 1,280,045 shares
+4 more
7 metrics
RSUs granted
19,395 shares
Restricted Stock Units granted to CEO on April 10, 2026
Price per share
$0.00 per share
No cash paid for RSUs; compensation grant
Shares held after grant
1,280,045 shares
Total common shares directly held by CEO post-transaction
Salary exchanged
10% of salary
Portion of employee salary exchanged for RSUs under program
Grant value multiple
115% of salary exchanged
Grant date fair value relative to foregone salary
Salary period covered
Three months
RSU grant covers three months of exchanged salary
Vesting date
July 9, 2026
Date on which all RSUs from this grant fully vest
Key Terms
Restricted Stock Units, grant date fair value, vest, Board of Directors
4 terms
Restricted Stock Units financial
"Represents a grant of Restricted Stock Units ("RSU's") under a program"
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.
grant date fair value financial
"in exchange for a grant of RSUs with a grant date fair value of 115%"
The grant date fair value is the estimated dollar worth of a stock-based award (such as stock options or restricted shares) at the exact moment it is given to an employee or contractor. Investors care because companies use that value to record compensation expenses and to show how much potential ownership and earnings dilution those awards could create—think of it as the price tag placed on a gift card when it is handed over so the company can report the cost now.
vest financial
"RSU's under this grant vest in their entirety on July 9, 2026."
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.
Board of Directors financial
"under a program approved by the Company's Board of Directors"
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
FAQ
What insider transaction did MYOMO (MYO) disclose for CEO Paul Gudonis?
MYOMO disclosed that CEO Paul Gudonis received 19,395 Restricted Stock Units as equity compensation. The RSUs were granted with no cash paid per share, reflecting a salary-for-stock exchange rather than an open‑market purchase of MYO shares.
How was the MYOMO (MYO) CEO’s RSU grant structured financially?
The RSU grant lets the CEO forego 10% of his salary for three months in exchange for equity. The award’s grant date fair value equals 115% of the salary exchanged, providing additional stock-based compensation without immediate cash outlay from the company.
When do Paul Gudonis’s new MYOMO (MYO) RSUs vest?
All 19,395 Restricted Stock Units granted to CEO Paul Gudonis vest in full on July 9, 2026. Vesting means the shares become fully earned on that date, assuming conditions are met, turning the RSUs into freely owned common stock.
Was the MYOMO (MYO) CEO’s RSU grant an open-market stock purchase?
No, the CEO’s 19,395-share award is a grant of Restricted Stock Units, not an open‑market stock purchase. It arises from a Board‑approved program where employees exchange part of their salary for RSUs, aligning compensation more closely with share performance.