Quantum Computing Inc. (QUBT) awards 22,123 RSUs to director Turmelle
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TURMELLE MICHAEL C reported acquisition or exercise transactions in this Form 4 filing.
Quantum Computing Inc. director Michael C. Turmelle received an equity grant of 22,123 shares of Common Stock in the form of restricted stock units (RSUs) valued at $6.78 per share. Following the grant, he holds 22,123 shares directly.
The RSUs were issued under the Quantum Computing Inc. 2022 Equity and Incentive Plan. According to the vesting schedule, one quarter of the RSUs vests immediately. The remaining three quarters vest in equal portions on June 30, 2026, September 30, 2026 and December 31, 2026, subject to his continuous service through each date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
TURMELLE MICHAEL C
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 22,123 | $6.78 | $150K |
Holdings After Transaction:
Common Stock — 22,123 shares (Direct)
Footnotes (1)
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Key Figures
RSU grant size: 22,123 shares
Grant value per share: $6.78 per share
Post-grant holdings: 22,123 shares
+4 more
7 metrics
RSU grant size
22,123 shares
Restricted stock units of Common Stock granted to director
Grant value per share
$6.78 per share
Value used for the RSU award on April 13, 2026
Post-grant holdings
22,123 shares
Total shares held directly following the transaction
Immediate vesting portion
1/4 of RSUs
Vests immediately upon grant, subject to service
Second vesting date
June 30, 2026
1/4 of RSUs scheduled to vest on this date
Third vesting date
September 30, 2026
1/4 of RSUs scheduled to vest on this date
Final vesting date
December 31, 2026
Final 1/4 of RSUs scheduled to vest on this date
Key Terms
restricted stock units (RSUs), 2022 Equity and Incentive Plan, vest, continuous service
4 terms
restricted stock units (RSUs) financial
"Represents restricted stock units (RSUs) granted to the Reporting Person under the Quantum Computing Inc. 2022 Equity and Incentive Plan."
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
2022 Equity and Incentive Plan financial
"RSUs granted to the Reporting Person under the Quantum Computing Inc. 2022 Equity and Incentive Plan."
vest financial
"1/4 of the RSUs will vest immediately upon grant, 1/4 of the RSUs will vest on June 30, 2026, 1/4 on September 30, 2026 and 1/4 on December 31, 2026."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
continuous service financial
"in each case subject to the Reporting Person's continuous service through each applicable vesting date."
FAQ
What did Quantum Computing Inc. (QUBT) disclose in this Form 4?
Quantum Computing Inc. disclosed that director Michael C. Turmelle received a grant of 22,123 restricted stock units of Common Stock, valued at $6.78 per share, under the company’s 2022 Equity and Incentive Plan, with a multi-date vesting schedule through late 2026.
What is the vesting schedule for Michael C. Turmelle’s RSUs at QUBT?
The RSUs vest in four equal parts. One quarter vests immediately, with additional quarters vesting on June 30, 2026, September 30, 2026 and December 31, 2026, provided Michael C. Turmelle maintains continuous service with Quantum Computing Inc. through each vesting date.
At what price were the Quantum Computing Inc. RSUs granted to the director?
The restricted stock units were granted at a value of $6.78 per share. This price reflects the grant-date valuation used in the Form 4, rather than a cash purchase price, since the transaction is described as a grant or award acquisition.
What plan governs the RSU grant to the Quantum Computing Inc. director?
The RSU grant to Michael C. Turmelle was made under the Quantum Computing Inc. 2022 Equity and Incentive Plan. This plan provides the framework for equity-based compensation, including restricted stock units that vest over time based on continued service.
Does Michael C. Turmelle’s RSU award depend on continued service at QUBT?
Yes. The filing states that each vesting tranche is subject to the reporting person’s continuous service through the applicable vesting date. If service ends before a vesting date, unvested restricted stock units scheduled for that date would not vest under this award.