RxSight (RXST) director awarded 37,037 RSUs in equity compensation grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PALMISANO ROBERT J reported acquisition or exercise transactions in this Form 4 filing.
RxSight, Inc. director Robert J. Palmisano reported receiving a grant of 37,037 restricted stock units (RSUs) of Common Stock as compensation. Each RSU represents the right to receive one share of RxSight common stock. Following this award, he holds 78,076 shares directly.
The RSUs will fully vest in a single tranche if he continues as an Outside Director through the vesting date. Vesting occurs on the earlier of the one-year anniversary of the June 17, 2026 grant date or the next annual meeting of stockholders after that grant date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
PALMISANO ROBERT J
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 37,037 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 78,076 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit ("RSU") represents a contingent right to receive one share of RxSight, Inc. Common Stock. Subject to the Reporting Person's continuing as an Outside Director (as defined in the Issuer's 2021 Equity Incentive Plan) through such applicable vesting date, one hundred percent (100%) of the RSUs subject to the award shall vest on the earlier of (i) the one (1) year anniversary of the Date of Grant or (ii) the date of the next annual meeting of stockholders following the Date of Grant. "Date of Grant" shall mean June 17, 2026.
Key Figures
RSU grant size: 37,037 RSUs
Shares after grant: 78,076 shares
Vesting schedule: 100% cliff vest
3 metrics
RSU grant size
37,037 RSUs
Restricted stock units granted to Outside Director on June 17, 2026
Shares after grant
78,076 shares
Total Common Stock held directly following the reported transaction
Vesting schedule
100% cliff vest
Earlier of one-year after June 17, 2026 or next annual stockholders’ meeting
Key Terms
restricted stock unit ("RSU"), Outside Director, 2021 Equity Incentive Plan
3 terms
restricted stock unit ("RSU") financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share"
Outside Director financial
"Subject to the Reporting Person's continuing as an Outside Director through such applicable vesting date"
2021 Equity Incentive Plan financial
"Outside Director (as defined in the Issuer's 2021 Equity Incentive Plan) through such applicable vesting date"
FAQ
What insider transaction did RxSight (RXST) report for Robert J. Palmisano?
RxSight reported that director Robert J. Palmisano received a grant of 37,037 restricted stock units of Common Stock. This is a stock-based compensation award, not an open-market purchase, and increases his directly held position reported to 78,076 shares.
Is the RxSight (RXST) Form 4 transaction a stock purchase or a compensation grant?
The Form 4 shows a compensation grant, not a market purchase. Palmisano received 37,037 restricted stock units at no stated purchase price, classified as a grant or award acquisition under transaction code A and described as a non-derivative equity award.
How do the 37,037 RSUs granted to the RxSight (RXST) director vest?
All 37,037 RSUs vest in a single installment if he remains an Outside Director. Vesting occurs on the earlier of the one-year anniversary of the June 17, 2026 grant date or the date of the next annual stockholders’ meeting after that grant date.
What does each RSU represent in the RxSight (RXST) director award?
Each restricted stock unit represents a contingent right to receive one share of RxSight, Inc. Common Stock. The units convert into shares only upon satisfying vesting conditions tied to continued service as an Outside Director through the specified vesting date.
What role does RxSight’s 2021 Equity Incentive Plan play in this Form 4 grant?
The RSU grant is made under RxSight’s 2021 Equity Incentive Plan and requires Palmisano to continue as an Outside Director. The plan defines eligibility, including the Outside Director status that must be maintained through the applicable vesting date for the RSUs to vest.