Neuronetics (NASDAQ: STIM) grants 250,000 RSUs to its CFO
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Neuronetics, Inc. reported that EVP, CFO and Treasurer Steven Pfanstiel acquired an award of 250,000 shares of common stock in the form of restricted stock units. The award was granted at no purchase price.
The RSUs vest in three equal annual installments beginning on February 23, 2027, as long as he remains in continuous service through each vesting date. After this grant, his directly held common stock position reported in the filing totals 820,212 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Pfanstiel Steven
Role
EVP, CFO and Treasurer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 250,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 820,212 shares (Direct)
Footnotes (1)
- Represents a restricted stock unit ("RSU") award that vests in three equal annual installments beginning on February 23, 2027, 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.
FAQ
What did Neuronetics (STIM) disclose in this Form 4 filing?
Neuronetics disclosed a stock-based compensation award to its EVP, CFO and Treasurer, Steven Pfanstiel. He received 250,000 restricted stock units of common stock, which vest over time, increasing his reported direct holding to 820,212 shares after the grant.
How many RSUs did Neuronetics (STIM) grant to its CFO?
Neuronetics granted 250,000 restricted stock units to EVP, CFO and Treasurer Steven Pfanstiel. Each RSU represents a contingent right to receive one share of Neuronetics’ common stock, subject to the vesting schedule and his continued service with the company.
What is the vesting schedule for the Neuronetics (STIM) CFO’s RSU award?
The 250,000 restricted stock units vest in three equal annual installments starting on February 23, 2027. Each tranche requires Steven Pfanstiel to remain in continuous service with Neuronetics through the applicable vesting date before the shares are delivered.
What does each Neuronetics (STIM) RSU granted to the CFO represent?
Each restricted stock unit represents a contingent right to receive one share of Neuronetics common stock. The rights convert into actual shares only as they vest, and vesting depends on Steven Pfanstiel’s continuous service through each future vesting date.