PROCEPT BioRobotics (PRCT) CEO granted large new option and RSU awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PROCEPT BioRobotics President and CEO Larry L. Wood received equity awards on March 5, 2026. He was granted 103,653 stock options at an exercise price of $0.00 per share and 127,783 restricted stock units (RSUs) of common stock.
The RSUs vest over four years, with one-quarter vesting on March 5, 2027 and the remainder vesting quarterly over 36 months, conditioned on continued service. The stock options vest monthly over four years from March 5, 2026, also subject to continued employment or service.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Wood Larry L
Role
President, CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 103,653 | $0.00 | -- |
| Grant/Award | Common Stock | 127,783 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 103,653 shares (Direct);
Common Stock — 313,378 shares (Direct)
Footnotes (1)
- These securities are restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Common Stock. One-quarter of the RSUs shall vest on March 5, 2027, with onesixteenth of the remaining RSUs vesting quarterly over 36 months, subject to the Reporting Person continuing as a service provider through such date. 1/48th of the shares subject to the Stock Option shall vest monthly from the vesting commencement date of March 5, 2026, over a four year period, subject continued employment or service by the Reporting Person to the Issuer through the applicable vesting date.
FAQ
What did PRCT CEO Larry Wood acquire in this Form 4 filing?
Larry Wood received equity awards consisting of 103,653 stock options and 127,783 restricted stock units. Both awards relate to PROCEPT BioRobotics common stock and are structured to vest over several years, tying his compensation to continued service with the company.
How do the new RSUs for PRCT CEO Larry Wood vest?
The 127,783 RSUs vest over four years. One-quarter vests on March 5, 2027, and the remaining three-quarters vest in equal quarterly installments over the following 36 months, contingent on Larry Wood continuing as a service provider through each applicable vesting date.
What is the vesting schedule for Larry Wood’s new stock options at PRCT?
The 103,653 stock options vest in 48 equal monthly installments. Vesting starts on March 5, 2026, and continues over four years, with each month’s tranche requiring Larry Wood’s continued employment or service with PROCEPT BioRobotics through the respective vesting date.
Are Larry Wood’s new PRCT equity awards granted at a purchase price?
The reported transaction price per share is $0.00 for both the stock options and the RSUs. This reflects that they are compensatory grants, not open-market purchases, and their value depends on future stock performance and satisfaction of vesting conditions.