QuidelOrtho (QDEL) director Ann D. Rhoads granted 19,599 RSUs in lieu of cash fees
Rhea-AI Filing Summary
QuidelOrtho Corp director Ann D. Rhoads reported three equity compensation awards in the form of restricted stock units (RSUs). On June 25, 2026, she was granted 369 RSUs labeled as premium units, 3,698 RSUs labeled as converted units, and 15,532 RSUs as an equity grant, each representing one share of common stock when delivered.
The RSUs carry a stated value of $0.00 per unit because they are compensation awards rather than market purchases. One RSU tranche will vest on June 25, 2027, and another tranche is scheduled to vest in stages: 924 shares vested on June 25, 2026, 924 shares will vest on September 25, 2026, 925 shares on December 25, 2026, and 925 shares on March 25, 2027.
The filing explains that these RSUs were received in lieu of cash payments for certain retainer and Board service-related fees under a deferred compensation program for non-employee directors, with release of vested units following the director’s elected deferral schedule.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units (Equity Grant) | 15,532 | $0.00 | -- |
| Grant/Award | Restricted Stock Units (Converted) | 3,698 | $0.00 | -- |
| Grant/Award | Restricted Stock Units (Premium) | 369 | $0.00 | -- |
Footnotes (1)
- Each restricted stock unit represents the right to receive one share of QuidelOrtho Corporation common stock. The restricted stock units will vest on June 25, 2027. The restricted stock units were received in lieu of cash payments to the reporting person for certain retainer and Board of Director service-related fees under a deferred compensation program applicable to participating non-employee directors. Release of vested restricted stock units will occur according to the elected deferral schedule. 924 shares vested on June 25, 2026, 924 shares will vest on September 25, 2026, 925 shares will vest on December 25, 2026, and 925 shares will vest on March 25, 2027.