Quanterix (QTRX) CFO granted 149,810 PSUs and RSUs, with tax withholding
Rhea-AI Filing Summary
Quanterix Corp’s chief financial officer, Vandana Sriram, reported equity award and related tax transactions. The CFO received grants of 74,905 performance stock units and 74,905 restricted stock units at a stated price of $0 per unit. Footnotes explain that PSUs vest based on performance conditions and then in four equal annual installments starting on the first anniversary of the grant date, while the new RSU award also vests in four equal annual installments.
The filing also shows exercises of previously granted restricted stock units into common stock, along with share dispositions to cover tax obligations. Specifically, 514 and 263 RSUs were converted into common stock, and 179 and 92 common shares were withheld at $5.74 per share to satisfy tax liabilities. After these transactions, the CFO directly held 26,240 shares of Quanterix common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Stock Unit | 74,905 | $0.00 | -- |
| Grant/Award | Restricted Stock Unit | 74,905 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 263 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 514 | $0.00 | -- |
| Exercise | Common Stock | 514 | $0.00 | -- |
| Tax Withholding | Common Stock | 179 | $5.74 | $1K |
| Exercise | Common Stock | 263 | $0.00 | -- |
| Tax Withholding | Common Stock | 92 | $5.74 | $528.08 |
Footnotes (1)
- Restricted stock units convert into common stock on a one-for-one basis. The total shown no longer includes 55,884 unvested RSUs which the reporting person previously reported in Table I of Form 4 and will hereafter report in Table II of Form 4. Each PSU award to vest (subject to the employee's continued service to the Company on the applicable vesting dates) according to the schedule and conditions set forth in the executive long-term incentive plan contained in the Company's 2026 Employee Equity Guidelines. After the award's performance conditions are satisfied, the PSUs will vest in four equal annual installments on each of the first four anniversaries of the Transaction Date. The award vests in four equal annual installments on each of the first four anniversaries of the Transaction Date. On August 21, 2023, the reporting person was granted 12,624 restricted stock units, vesting 25% on the first anniversary of the grant date, with the remaining 75% vesting in equal monthly installments of 6.25% on the monthly anniversary of the grant date thereafter. On February 2, 2024, the reporting person was granted 24,675 restricted stock units, vesting 25% on the first anniversary of the grant date, with the remaining 75% vesting in equal monthly installments of 6.25% on the monthly anniversary of the grant date thereafter.