Neuronetics (STIM) EVP Cory Anderson reports PRSU awards tied to cash metrics
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Neuronetics, Inc. executive Cory Anderson, EVP & Gen. Manager, Greenbrook, filed an initial statement of beneficial ownership. He reports direct holdings of the company’s common stock and performance restricted stock units that can deliver up to 15,000 and 18,335 shares at a $0.0000 exercise price. These PRSUs vest between December 31, 2026 and December 31, 2027, contingent on specified Cash Balance and Cash Flow Breakeven performance metrics and his continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
9 transactions reported
Mixed
9 txns
Insider
Anderson Cory
Role
EVP & Gen. Manager, Greenbrook
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Performance Restricted Stock Unit | -- | -- | -- |
| holding | Performance Restricted Stock Unit | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Performance Restricted Stock Unit — 18,335 shares (Direct);
Common Stock — 53,205 shares (Direct)
Footnotes (1)
- Represents a restricted stock unit ("RSU") award that vests on February 5, 2027, subject to the Reporting Person's continuous service with the Issuer or its affiliates through such date. Each RSU represents a contingent right to receive one share of the Issuer's common stock. Represents a RSU award that vests on February 28, 2027, subject to the Reporting Person's continuous service with the Issuer or its affiliates through such date. Each RSU represents a contingent right to receive one share of the Issuer's common stock. Represents a RSU award that vests on March 28, 2027, subject to the Reporting Person's continuous service with the Issuer or its affiliates through such date. Each RSU represents a contingent right to receive one share of the Issuer's common stock. Represents a RSU award that vests in two equal annual installments beginning on February 24, 2027, in each case subject to the Reporting Person's continuous service with the Issuer or its affiliates through such date. Each RSU represents a contingent right to receive one share of the Issuer's common stock. Represents a RSU award that vests on June 30, 2027, subject to the Reporting Person's continuous service with the Issuer or its affiliates through such date. Each RSU represents a contingent right to receive one share of the Issuer's common stock. Represents a RSU award that vests in three equal annual installments beginning on February 23, 2027, in each case subject to the Reporting Person's continuous service with the Issuer or its affiliates through such date. Each RSU represents a contingent right to receive one share of the Issuer's common stock. Represents a performance restricted stock unit ("PRSU") award granted on February 24, 2025 and vesting beginning on December 31, 2026, subject to satisfaction of the applicable performance metrics and continuous service of the Reporting Person through such date. The performance metrics are as follows: (i) 50% of the award will be attained if the Issuer achieves Cash Balance (as defined in the applicable PRSU grant notice) for the fiscal year ended 2026 and (ii) 50% of the award will be attained if the Issuer achieves Cash Balance for the fiscal year ended 2027. Each PRSU represents a contingent right to receive one share of the Issuer's common stock. Represents a PRSU award granted on October 29, 2025 and vesting on December 31, 2026, subject to satisfaction of the applicable performance metrics and continuous service of the Reporting Person through such date. The performance metrics are as follows: the award will be attained if the Issuer achieves Cash Flow Breakeven (as defined in the applicable PRSU grant notice) for the fiscal quarter ended September 30, 2026.
Key Figures
Underlying PRSU shares (2026 award): 15,000 shares
Underlying PRSU shares (2027 award): 18,335 shares
PRSU exercise price: $0.0000
+2 more
5 metrics
Underlying PRSU shares (2026 award)
15,000 shares
Performance restricted stock unit linked to common stock with 2026-12-31 expiration date
Underlying PRSU shares (2027 award)
18,335 shares
Performance restricted stock unit linked to common stock with 2027-12-31 expiration date
PRSU exercise price
$0.0000
Exercise price for the reported performance restricted stock unit awards
Performance period year
2026 and 2027
Cash Balance performance metrics for fiscal years 2026 and 2027 tied to PRSU vesting
Quarter for Cash Flow Breakeven metric
Quarter ended September 30, 2026
PRSU award vests if Cash Flow Breakeven is achieved for this quarter
Key Terms
restricted stock unit, performance restricted stock unit, Cash Balance, Cash Flow Breakeven
4 terms
restricted stock unit financial
"Represents a restricted stock unit ("RSU") award that vests on February 5, 2027"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
performance restricted stock unit financial
"Represents a performance restricted stock unit ("PRSU") award granted on February 24, 2025"
Cash Balance financial
"50% of the award will be attained if the Issuer achieves Cash Balance for the fiscal year"
Cash Flow Breakeven financial
"award will be attained if the Issuer achieves Cash Flow Breakeven for the fiscal quarter"
FAQ
What does Neuronetics (STIM) disclose about Cory Anderson in this Form 3?
The filing shows Cory Anderson, EVP & Gen. Manager, Greenbrook, as a reporting person with direct holdings of common stock and performance restricted stock units tied to Neuronetics’ common shares.
What are the vesting dates for Cory Anderson’s Neuronetics (STIM) performance RSUs?
The performance restricted stock units have expiration or vesting-related dates of December 31, 2026 and December 31, 2027, with vesting dependent on achieving specified performance metrics and Anderson’s continuous service.
Which performance metrics affect Cory Anderson’s PRSUs at Neuronetics (STIM)?
The PRSUs vest based on Cash Balance targets for Neuronetics’ fiscal years 2026 and 2027, and a separate award vests if the company achieves Cash Flow Breakeven for the fiscal quarter ended September 30, 2026.
Are Cory Anderson’s Neuronetics (STIM) RSU and PRSU awards contingent on continued service?
Yes. The RSU and PRSU awards described vest only if Cory Anderson maintains continuous service with Neuronetics or its affiliates through the specified vesting dates, in addition to meeting the defined performance conditions.