Director at Neuronetics (STIM) receives 30,000-share RSU grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Neuronetics, Inc. director Glenn P. Muir received a grant of 30,000 restricted stock units (RSUs) of common stock at no cost. The RSU award vests on the earlier of May 28, 2027, or a Board-approved separation of service or change in control, subject to his continuous service.
Each RSU converts into one share of Neuronetics common stock when it vests. Following this equity award, Muir’s reported direct holdings increased to 401,816 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
MUIR GLENN P
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 30,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 401,816 shares (Direct, null)
Footnotes (1)
- Represents a restricted stock unit ("RSU") award that vests on the earlier of (a) May 28, 2027 or (b) the Reporting Person's Board-approved separation of service from the Issuer or change in control of the Issuer, in each case subject to continuous service of the Reporting Person through such date. Each RSU represents a contingent right to receive one share of the Issuer's common stock.
Key Figures
RSU grant size: 30,000 units
RSU grant price: $0.0000 per unit
Total holdings after grant: 401,816 shares
+1 more
4 metrics
RSU grant size
30,000 units
Restricted stock unit award to director Glenn P. Muir
RSU grant price
$0.0000 per unit
Equity compensation, no cash paid by the director
Total holdings after grant
401,816 shares
Director’s direct non-derivative holdings following RSU award
Vesting date
May 28, 2027
Latest vesting date for the 30,000 RSUs, subject to conditions
Key Terms
restricted stock unit ("RSU"), change in control, continuous service
3 terms
restricted stock unit ("RSU") financial
"Represents a restricted stock unit ("RSU") award that vests on the earlier of (a) May 28, 2027..."
change in control financial
"...or change in control of the Issuer, in each case subject to continuous service..."
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
continuous service financial
"...subject to continuous service of the Reporting Person through such date."
FAQ
What insider transaction did Neuronetics (STIM) report for Glenn P. Muir?
Neuronetics reported that director Glenn P. Muir received a grant of 30,000 restricted stock units. These RSUs are a stock-based compensation award, not an open-market share purchase or sale, and increase his direct equity exposure to the company.
When do Glenn P. Muir’s 30,000 Neuronetics RSUs vest?
The 30,000 Neuronetics RSUs vest on the earlier of May 28, 2027, or a Board-approved separation of service or change in control. Vesting is conditioned on Muir’s continuous service with the company through the applicable date.
What does each Neuronetics (STIM) RSU granted to Glenn P. Muir represent?
Each restricted stock unit granted to Glenn P. Muir represents a contingent right to receive one share of Neuronetics common stock. The units convert into shares only upon vesting, subject to the award’s service and event conditions.
Is Glenn P. Muir’s Neuronetics Form 4 transaction an open-market purchase or sale?
No, the filing shows a grant coded as an acquisition (A), described as a grant, award, or other acquisition. It reflects stock-based compensation, not an open-market buy or sale of Neuronetics shares by the director.