Rockwell Medical (RMTI) EVP awarded 97,500 performance-based RSUs tied to stock
Rhea-AI Filing Summary
TIMMINS MEGAN C. reported acquisition or exercise transactions in this Form 4 filing.
ROCKWELL MEDICAL, INC. executive Megan C. Timmins, EVP, CLO and Secretary, received a grant of 97,500 performance-based restricted stock units (PSUs) tied to the company’s common stock. This is a compensation-related award, not an open-market stock purchase or sale.
The PSUs run for three years from the grant date and any unvested units are cancelled after the third anniversary. They can vest on or after the first anniversary only if a share-price performance hurdle is met over a 60-day trading window, using a base price of $2.14.
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Insights
Routine performance-based equity grant with challenging vesting conditions.
Megan C. Timmins received 97,500 performance-based RSUs as part of equity compensation. The award is structured over a three-year term, ending on the third anniversary of the grant date, with cancellation of any unvested units at that time.
Vesting depends on the stock meeting a performance hurdle: the average closing price over any 60 consecutive trading days during the three-year performance period must reach two times the $2.14 base price. This creates a strong pay-for-performance link, as units vest only if the share price sustains a significantly higher level.
This filing shows no open-market buying or selling, only a grant/award acquisition. The transaction leaves Timmins holding 97,500 PSUs tied to common stock, with future vesting outcomes entirely dependent on share-price performance during the specified period.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
TIMMINS MEGAN C.
Role
EVP, CLO and Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance-based restricted stock units | 97,500 | $0.00 | $0.00 |
Holdings After Transaction:
Performance-based restricted stock units — 97,500 shares (Direct)
Footnotes (1)
- F1. These are performance-based restricted stock units ("PSU") with terms as follows. The term of each PSU award runs from the grant date through the third anniversary of the grant date. Any unvested PSUs remaining after the third anniversary will be cancelled. The performance period for the award is the same three-year period. PSUs will vest on or after the first anniversary of the grant date only if the stock price meets the performance hurdle. The performance hurdle is met if the average closing price of the Company's common stock over any 60 consecutive trading days during the performance period equals two times the base price. The base price was calculated as the average closing price over the ten trading days ending on the trading day prior to the grant date and is $2.14 for this award.
Key Figures
Performance-based RSUs granted: 97,500 units
Base price for performance hurdle: $2.14 per share
PSU term: Three years
+2 more
5 metrics
Performance-based RSUs granted
97,500 units
Grant to EVP, CLO and Secretary on performance-based terms
Base price for performance hurdle
$2.14 per share
Average closing price over ten trading days before grant date
PSU term
Three years
From grant date through third anniversary; unvested then cancelled
Performance measurement window
60 consecutive trading days
Average closing price must meet performance hurdle during period
Underlying common shares
97,500 shares
Underlying security for the granted performance-based RSUs
Key Terms
Performance-based restricted stock units, PSU, performance period, performance hurdle, +1 more
5 terms
Performance-based restricted stock units financial
"These are performance-based restricted stock units ("PSU") with terms as follows."
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
PSU financial
"These are performance-based restricted stock units ("PSU") with terms as follows."
A PSU is a company where the government owns a controlling stake and often plays a direct role in its management and strategy. Think of it like a business that operates with public oversight, similar to a town-run utility versus a private neighborhood service. Investors watch PSUs differently because government involvement can affect profits, dividend policies, regulatory treatment and stability, so these stocks may behave more like policy instruments than pure market-driven enterprises.
performance period financial
"The performance period for the award is the same three-year period."
The performance period is the specific time span over which an investment’s results, an employee’s targets, or a fund’s returns are measured and judged. It matters to investors because the length and start/end of that window determine which gains or losses count toward performance fees, bonus payouts, or benchmark comparisons—much like timing a race decides who wins, the chosen period can change whether results look strong or weak.
performance hurdle financial
"PSUs will vest ... only if the stock price meets the performance hurdle."
average closing price financial
"The performance hurdle is met if the average closing price of the Company's common stock over any 60 consecutive trading days..."
The average closing price is the arithmetic mean of a security’s end-of-day prices over a chosen period, found by adding each day’s closing price and dividing by the number of days. It smooths out daily ups and downs to show a typical market value—like averaging daily temperatures to understand a month’s climate—and helps investors spot trends, judge whether a stock is generally rising or falling, and make clearer buy or sell decisions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did RMTI report for Megan C. Timmins?
ROCKWELL MEDICAL reported a grant of 97,500 performance-based restricted stock units to EVP, CLO and Secretary Megan C. Timmins. This is an equity compensation award, not an open-market stock trade, and is tied to future stock price performance conditions over a multi-year period.
Are there any stock purchases or sales in this RMTI Form 4/A?
No open-market stock purchases or sales appear in this Form 4/A. The filing only shows a grant of 97,500 performance-based restricted stock units to an executive, which may vest later if specific share-price performance hurdles are achieved during the defined three-year period.
How many performance-based RSUs did the RMTI executive receive?
The executive received 97,500 performance-based restricted stock units linked to Rockwell Medical common stock. These units represent potential future shares, subject to vesting conditions based on sustained stock price performance over a three-year period, rather than immediate, unrestricted share ownership at grant.
What is the vesting period for the RMTI performance-based RSUs?
The PSUs have a three-year term from the grant date, with a matching three-year performance period. They may vest on or after the first anniversary only if the stock meets the specified performance hurdle; any units still unvested after the third anniversary are automatically cancelled and do not convert into shares.
What stock price hurdle applies to the RMTI performance-based RSUs?
The performance hurdle is met if the average closing price of Rockwell Medical’s common stock over any 60 consecutive trading days during the three-year performance period equals two times the $2.14 base price. Only then can the performance-based restricted stock units vest, subject to timing rules.
Does Megan C. Timmins hold these RMTI PSUs directly or indirectly?
The filing shows the 97,500 performance-based restricted stock units as directly owned. There is no indication in the data or footnotes that the award is held through a trust, LLC, or other indirect vehicle, so the position is reported as direct beneficial ownership by the executive.