Penumbra president awarded 3,060 RSU shares
Penumbra Inc (PEN) reported that its President, as the reporting person, received a grant of 3,060 restricted stock units (RSUs) on August 17, 2026 under Penumbra’s Amended and Restated 2014 Equity Incentive Plan.
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Form Type
4
Rhea-AI Filing Summary
Penumbra Inc (PEN) reported that its President, as the reporting person, received a grant of 3,060 restricted stock units (RSUs) on August 17, 2026 under Penumbra’s Amended and Restated 2014 Equity Incentive Plan. The RSUs vest in four equal annual tranches beginning August 15, 2027, subject to continued service, with an alternative vesting schedule if the Closing under a January 14, 2026 merger agreement occurs. Following this award, the reporting person holds 33,880 common shares, including 65 shares acquired through Penumbra’s Employee Stock Purchase Plan.
Insider Trade Summary
Grant/Award: 3,060 shares
Grant/Award
1 txn
Insider
Narayan Shruthi
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1, F2, F3 | 3,060 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 33,880 shares (Direct)
Footnotes (3)
- F1. On August 17, 2026, the Reporting Person was granted 3,060 restricted stock units ("RSUs") under the Issuer's Amended and Restated 2014 Equity Incentive Plan, of which 1/4 of the RSUs (each, an "Equity Grant Tranche") will vest equally on an annual basis, beginning on August 15, 2027, subject to continued service by the Reporting Person on the applicable vesting date. Notwithstanding the foregoing, if the Closing (as defined in that certain Agreement and Plan of Merger, dated as of January 14, 2026, among the Issuer, Boston Scientific Corporation and Pinehurst Merger Sub, Inc.) occurs, the RSUs will vest as follows: the first two Equity Grant Tranches (to the extent not already vested) shall vest on the Closing, and the last two Equity Grant Tranches (to the extent not already vested) shall vest on the first and second anniversaries of the Closing, respectively, subject to continued service by the Reporting Person on the applicable vesting date.
- F2. A portion of these shares is subject to vesting.
- F3. Includes 65 shares purchased by the Reporting Person under the Issuer's Employee Stock Purchase Plan on May 19, 2026.
Key Figures
RSUs granted: 3,060 RSUs
Shares owned after transaction: 33,880 shares
ESPP shares included: 65 shares
+2 more
5 metrics
RSUs granted
3,060 RSUs
Restricted stock units granted to the President on August 17, 2026
Shares owned after transaction
33,880 shares
Total Penumbra common shares beneficially owned by the President following the grant
ESPP shares included
65 shares
Shares purchased under Penumbra’s Employee Stock Purchase Plan on May 19, 2026
Initial vesting date
August 15, 2027
First annual vesting date for one-quarter of the RSU award, subject to continued service
Number of vesting tranches
4 tranches
RSU award vests in four equal annual Equity Grant Tranches
Key Terms
restricted stock units, Equity Incentive Plan, Employee Stock Purchase Plan, Agreement and Plan of Merger, +1 more
5 terms
restricted stock units financial
"the Reporting Person was granted 3,060 restricted stock units ("RSUs")"
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.
Equity Incentive Plan financial
"under the Issuer's Amended and Restated 2014 Equity Incentive Plan"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
Employee Stock Purchase Plan financial
"purchased by the Reporting Person under the Issuer's Employee Stock Purchase Plan"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
Agreement and Plan of Merger regulatory
"as defined in that certain Agreement and Plan of Merger, dated as of January 14, 2026"
An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.
Closing regulatory
"if the Closing (as defined in that certain Agreement and Plan of Merger...) occurs"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider equity award did Penumbra Inc (PEN) grant to its President on August 17, 2026?
Penumbra granted its President 3,060 restricted stock units (RSUs) on August 17, 2026 under the Amended and Restated 2014 Equity Incentive Plan. This equity award is part of the executive’s compensation and is subject to multi-year vesting and continued service conditions.
How do the newly granted RSUs for Penumbra (PEN) vest over time?
The 3,060 RSUs vest in four equal annual tranches starting on August 15, 2027, each tranche representing one quarter of the award. Vesting is conditioned on the President’s continued service with Penumbra on each applicable vesting date, absent the alternative merger-related schedule.
What happens to the Penumbra (PEN) RSUs if the merger Closing under the January 14, 2026 agreement occurs?
If the specified Closing occurs, the first two RSU tranches vest at Closing, and the remaining two vest on the first and second anniversaries of Closing. All such vesting remains subject to the President’s continued service on the relevant vesting dates.
AI-generated analysis. How Rhea-AI works. Not financial advice.
