Neuraxis (NRXS) hands CEO 193K stock units vesting over 3 years
Rhea-AI Filing Summary
Carrico Brian Allen reported acquisition or exercise transactions in this Form 4 filing.
Neuraxis, Inc. (NRXS) reported that Chief Executive Officer and director Brian Allen Carrico received a grant of 193,329 restricted stock units (RSUs) as equity compensation under the Neuraxis, Inc. 2022 Omnibus Securities and Incentive Plan, as amended. The RSUs vest in three equal annual installments over a three-year period. Following this award, his directly held RSU-based common stock position reported in this filing is 193,329 shares.
Positive
- None.
Negative
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Insights
Analyzing...
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Carrico Brian Allen
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | RSU F1 | 193,329 | $6.28 | $1.21M |
Holdings After Transaction:
RSU — 193,329 shares (Direct)
Footnotes (1)
- F1. These shares of common stock are restricted stock units (RSUs) granted to the reporting person as compensation under Neuraxis, Inc. 2022 Omnibus Securities and Incentive Plan, as amended. The RSUs vest in three equal annual installments over a three-year period.
Key Figures
RSUs granted: 193,329 shares
Transaction price field: $6.2800 per share
Shares following transaction: 193,329 shares
+2 more
5 metrics
RSUs granted
193,329 shares
Restricted stock units granted as compensation to the CEO
Transaction price field
$6.2800 per share
Price per unit reported for the RSU grant
Shares following transaction
193,329 shares
Directly held position reported after the RSU award
Vesting period
3 years
RSUs vest in three equal annual installments over three years
Number of vesting installments
3 installments
RSUs vest in three equal annual installments
Key Terms
restricted stock units (RSUs), 2022 Omnibus Securities and Incentive Plan, vesting
3 terms
restricted stock units (RSUs) financial
"These shares of common stock are restricted stock units (RSUs) granted"
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
2022 Omnibus Securities and Incentive Plan financial
"as compensation under Neuraxis, Inc. 2022 Omnibus Securities and Incentive Plan"
vesting financial
"The RSUs vest in three equal annual installments over a three-year period"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What equity award did NRXS grant to CEO Brian Allen Carrico?
Brian Allen Carrico received a grant of 193,329 restricted stock units (RSUs) as compensation under Neuraxis, Inc. 2022 Omnibus Securities and Incentive Plan, as amended, according to this Form 4.
How do the NRXS RSUs granted to Brian Allen Carrico vest?
The 193,329 RSUs granted to Brian Allen Carrico vest in three equal annual installments over a three-year period, meaning one-third of the units become vested each year during that timeframe.
Was the NRXS CEO’s RSU transaction under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not marked as affirmative, indicating this RSU compensation grant was not reported as being made pursuant to a Rule 10b5-1 trading plan.
What is the transaction price field for the NRXS RSU grant to the CEO?
The Form 4 reports a transaction price per unit of $6.2800 for the 193,329 RSUs. This figure is disclosed in the transaction data field associated with the equity award.
AI-generated analysis. How Rhea-AI works. Not financial advice.