Perfect Moment (PMNT) CFO/COO awarded 250K RSUs with multi-year vesting
Rhea-AI Filing Summary
Perfect Moment Ltd. (PMNT) insider Chath J. Weerasinghe received a grant of 250,000 restricted stock units (RSUs) under the companys 2021 Equity Incentive Plan, increasing reported beneficial ownership to 550,000 common stock equivalents following the transaction. The RSUs are contingent rights to receive common stock upon vesting and vest in equal installments beginning December 31, 2025, then quarterly on March 31, June 30, September 30 and December 31 across 20262028 and on March 31, June 30 and September 30, 2029. The transaction date reported is September 18, 2025.
Positive
- 250,000 RSUs granted to CFO/COO, increasing beneficial ownership to 550,000 common stock equivalents
- Clear multi-year vesting schedule beginning 12/31/2025 with quarterly installments through 2029 supports executive retention
Negative
- None.
Insights
TL;DR: Routine executive equity award increases insider stake with a multi-year vesting schedule, typical for retention.
The filing documents a standard grant of 250,000 RSUs to the issuers CFO/COO, recorded as a purchase-equivalent acquisition on 09/18/2025, raising beneficial ownership to 550,000 RSU-equivalent shares. The multi-year, quarterly vesting schedule starting 12/31/2025 aligns with retention incentives and ties executive compensation to future service and potential stock performance. There is no disclosure of exercise price, transfers, or sales, and no indication of accelerated vesting or 10b5-1 plan use.
TL;DR: Compensation committee granted time-based RSUs with staggered quarterly vesting to retain senior financial leadership.
The award is described as restricted stock units under the 2021 Equity Incentive Plan and is a common form of long-term incentive. Vesting in equal installments across 20262029 suggests emphasis on retention rather than immediate liquidity. The disclosure lacks performance conditions or acceleration clauses, implying straightforward time-based alignment of executive pay with tenure and long-term shareholder alignment.