RYTHM (RYM) director granted 5,000 restricted stock units in new award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Shapiro Peter S. reported acquisition or exercise transactions in this Form 4 filing.
RYTHM, Inc. director Peter S. Shapiro received a grant of 5,000 shares of common stock in the form of restricted stock units under the company’s 2022 Omnibus Equity Incentive Plan. All units vest in a single tranche on the earlier of one year from grant or the next annual stockholder meeting, subject to his continuous service, bringing his direct holdings to 11,300 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Shapiro Peter S.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 11,300 shares (Direct, null)
Footnotes (1)
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Key Figures
Equity award size: 5,000 shares
Per-share grant price: $0.00 per share
Holdings after grant: 11,300 shares
+1 more
4 metrics
Equity award size
5,000 shares
Restricted stock units granted to director on acquisition date
Per-share grant price
$0.00 per share
Director equity award, non-cash compensation
Holdings after grant
11,300 shares
Director’s direct ownership following RSU grant
Vesting schedule
100% cliff vesting
Earlier of one year from grant or next annual stockholder meeting
Key Terms
restricted stock units, 2022 Omnibus Equity Incentive Plan, annual meeting of the stockholders, continuous service
4 terms
restricted stock units financial
"Award granted in the form of restricted stock units under the issuer's 2022 Omnibus Equity Incentive Plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2022 Omnibus Equity Incentive Plan financial
"under the issuer's 2022 Omnibus Equity Incentive Plan, as amended"
annual meeting of the stockholders financial
"the next annual meeting of the stockholders of the issuer following the date of the grant"
continuous service financial
"subject to the reporting person's continuous service to the issuer through such vesting date"
FAQ
What did RYTHM (RYM) director Peter S. Shapiro report on this Form 4?
Peter S. Shapiro reported receiving 5,000 shares of RYTHM common stock in the form of restricted stock units. These were granted under the company’s 2022 Omnibus Equity Incentive Plan as a compensation award, not an open-market purchase or sale.
When do Peter S. Shapiro’s RYTHM (RYM) restricted stock units vest?
The 5,000 restricted stock units will vest 100% on the earlier of one year from the grant date or the next annual stockholder meeting. Vesting is conditioned on Shapiro’s continuous service to RYTHM through the applicable vesting date.
Is this RYTHM (RYM) Form 4 an open-market buy or sell transaction?
This Form 4 does not show an open-market buy or sell. It reports an acquisition coded as a grant or award of 5,000 restricted stock units, representing compensation rather than a discretionary market trade in RYTHM shares.