OptimizeRx (OPRX) director awarded 17,258 restricted stock units in Form 4 filing
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Presti Mariyamma Varghese reported acquisition or exercise transactions in this Form 4 filing.
OptimizeRx Corp director Presti Mariyamma Varghese received a grant of 17,258 restricted stock units (RSUs) of common stock. The award was made at no cash cost per unit and increases her direct holdings to 30,318 shares after the transaction. The RSUs represent a contingent right to receive shares that will vest in full on the earlier of the first anniversary of the grant date or the date of OptimizeRx’s next annual meeting of shareholders.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Presti Mariyamma Varghese
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 17,258 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 30,318 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 17,258 shares
Transaction price per share: $0.0000
Shares owned after transaction: 30,318 shares
+1 more
4 metrics
RSUs granted
17,258 shares
Restricted stock units of common stock granted to director
Transaction price per share
$0.0000
Award granted as stock-based compensation, no cash paid
Shares owned after transaction
30,318 shares
Direct holdings following the RSU grant
Vesting period
1 year maximum
Vests on earlier of first anniversary or next annual meeting
Key Terms
restricted stock units, contingent right, annual meeting of shareholders
3 terms
restricted stock units financial
"Grant of restricted stock units representing a contingent right to receive shares"
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.
contingent right financial
"representing a contingent right to receive shares of OptimizeRx common stock"
FAQ
What insider transaction did OptimizeRx (OPRX) report for Presti Mariyamma Varghese?
OptimizeRx reported a stock-based compensation grant to director Presti Mariyamma Varghese. She received 17,258 restricted stock units of common stock, awarded at no cash cost, increasing her direct holdings to 30,318 shares after the transaction as disclosed in the Form 4 filing.
What is the vesting schedule for the OptimizeRx (OPRX) RSUs granted to Presti Mariyamma Varghese?
The RSUs vest in a single tranche based on time or the next meeting. They will fully vest on the earlier of the first anniversary of the grant date or the date of OptimizeRx’s next annual meeting of shareholders, subject to the award’s standard conditions.
Did Presti Mariyamma Varghese pay anything for the OptimizeRx (OPRX) RSU grant?
No cash was paid for the RSU grant. The Form 4 reports a transaction price per share of 0.0000, indicating this is a stock-based compensation award rather than an open-market purchase, consistent with typical director equity compensation practices.
What are Presti Mariyamma Varghese’s OptimizeRx (OPRX) holdings after the RSU award?
After the reported grant, her direct OptimizeRx holdings total 30,318 shares. This figure reflects the shares beneficially owned following the transaction, as disclosed in the Form 4, and includes the effect of the 17,258-share restricted stock unit award.