Nextpower (NXT) CFO receives new RSU and PSU awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BOYNTON CHARLES D reported acquisition or exercise transactions in this Form 4 filing.
Nextpower Inc. Chief Financial Officer Charles D. Boynton reported equity awards in the form of restricted and performance stock units. He was granted 96,153 restricted stock units (RSUs), each representing one share of common stock, vesting 30% on May 19, 2027, 30% on May 19, 2028, and 40% on May 19, 2029, subject to continued service and possible acceleration in certain circumstances.
He also reported 24,851 performance stock units (PSUs) that were originally granted on May 23, 2025 and earned based on financial performance for the period from April 1, 2025 to March 31, 2026. These PSUs remain subject to a relative total shareholder return (rTSR) modifier for the period from April 1, 2025 to March 31, 2028, which can adjust the final number of shares earned between 75% and 150%. The amount reported reflects 75% of the PSUs earned, which is the minimum that will be eligible to vest if employment continues through the end of the three-year performance period.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
BOYNTON CHARLES D
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 24,851 | $0.00 | -- |
| Grant/Award | Common Stock | 96,153 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 310,910 shares (Direct, null)
Footnotes (1)
- Reflects an award of restricted stock units ("RSUs") granted to the Reporting Person on May 19, 2026. Each RSU represents a contingent right to receive one share of the Issuer's common stock. The RSUs vest 30% on May 19, 2027, 30% on May 19, 2028, and 40% on May 19, 2029, subject to the Reporting Person's continued service to the Issuer through the relevant vesting date and acceleration in certain circumstances. Reflects performance stock units ("PSUs"), originally granted to the Reporting Person on May 23, 2025, which were initially earned upon certification by the Board of Directors of the Issuer on May 19, 2026 of the level of achievement of the financial performance metrics applicable to the PSUs for the performance period from April 1, 2025 to March 31, 2026. The PSUs remain subject to an rTSR modifier performance metric for the performance period from April 1, 2025 to March 31, 2028, pursuant to which the number of shares earned based on achievement of the financial performance metrics can be adjusted between 75% - 150%. Each earned PSU reflects the right to receive one share of the Issuer's common stock upon satisfaction of the applicable vesting conditions. The amount reported herein reflects 75% of the number of PSUs earned based on achievement of the financial performance metrics, which is the minimum amount of PSUs that will be earned and eligible to vest at the end of the three-year performance period, subject generally to the Reporting Person's continued employment with the Issuer through such date.
Key Figures
RSU grant size: 96,153 units
PSU minimum reported: 24,851 units
RSU vesting schedule: 30%/30%/40%
+3 more
6 metrics
RSU grant size
96,153 units
RSUs granted on May 19, 2026
PSU minimum reported
24,851 units
75% of PSUs earned under financial metrics
RSU vesting schedule
30%/30%/40%
Vesting on May 19, 2027, 2028, and 2029
PSU performance range
75%–150%
Adjustment range under rTSR modifier through March 31, 2028
Shares after RSU grant
407,063 shares
Common stock owned directly following RSU-related entry
Shares after PSU entry
310,910 shares
Common stock owned directly following PSU-related entry
Key Terms
restricted stock units ("RSUs"), performance stock units ("PSUs"), rTSR modifier, performance period, +1 more
5 terms
restricted stock units ("RSUs") financial
"Reflects an award of restricted stock units ("RSUs") granted to the Reporting Person on May 19, 2026."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
performance stock units ("PSUs") financial
"Reflects performance stock units ("PSUs"), originally granted to the Reporting Person on May 23, 2025, which were initially earned upon certification..."
rTSR modifier financial
"The PSUs remain subject to an rTSR modifier performance metric for the performance period from April 1, 2025 to March 31, 2028..."
performance period financial
"financial performance metrics applicable to the PSUs for the performance period from April 1, 2025 to March 31, 2026."
The performance period is the specific time span over which an investment’s results, an employee’s targets, or a fund’s returns are measured and judged. It matters to investors because the length and start/end of that window determine which gains or losses count toward performance fees, bonus payouts, or benchmark comparisons—much like timing a race decides who wins, the chosen period can change whether results look strong or weak.
vesting conditions financial
"Each earned PSU reflects the right to receive one share of the Issuer's common stock upon satisfaction of the applicable vesting conditions."
Vesting conditions are the rules that determine when someone earning company stock or stock options actually gains the right to keep or sell them, typically based on staying with the company for a set time or meeting performance targets. Think of it like keys that unlock gradually — some unlock by calendar date, others only after agreed milestones. Investors care because vesting shapes management incentives, the timing of share sales, and the number of shares that can enter the market, which can affect a company's valuation and ownership mix.
