Neuronetics (NASDAQ: STIM) awards EVP 210,000 RSU shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Neuronetics, Inc. reported that executive vice president, chief legal officer and corporate secretary William Andrew Macan acquired 210,000 restricted stock units (RSUs) of common stock as an equity award. Each RSU represents the right to receive one Neuronetics common share.
The RSU award vests in three equal annual installments beginning on February 23, 2027, subject to Mr. Macan’s continuous service through each vesting date. Following this grant, he directly holds 883,561 shares of Neuronetics common stock. This is a non-cash, stock-based compensation grant rather than an open‑market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
MACAN WILLIAM ANDREW
Role
EVP, CLO and CS
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 210,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 883,561 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 insider transaction did Neuronetics (STIM) report for William Andrew Macan?
Neuronetics reported that executive William Andrew Macan received an equity award of 210,000 restricted stock units. These RSUs are a form of stock-based compensation, not an open-market share purchase, and will convert into common shares only as they vest over time.
How many RSUs did Neuronetics (STIM) grant to its EVP, CLO and CS?
Neuronetics granted 210,000 restricted stock units to its EVP, CLO and CS, William Andrew Macan. Each RSU represents a contingent right to receive one share of Neuronetics common stock, effectively tying part of his compensation to the company’s future performance and continued service.
What is the vesting schedule for the 210,000 RSUs at Neuronetics (STIM)?
The 210,000 RSUs vest in three equal annual installments beginning on February 23, 2027. Each installment vests only if William Andrew Macan remains in continuous service through the applicable date, aligning the award with multi‑year retention and performance horizons.
What does each Neuronetics (STIM) RSU granted to William Andrew Macan represent?
Each restricted stock unit granted to William Andrew Macan represents a contingent right to receive one share of Neuronetics common stock. The units do not become actual shares until they vest, making this award a form of deferred equity-based compensation subject to service conditions.
Is the Neuronetics (STIM) RSU grant to William Andrew Macan a stock purchase?
No, the RSU grant is not a stock purchase; it is classified as a grant, award or other acquisition. Macan did not pay cash for these 210,000 units, which instead vest into common shares over time if service-based conditions are satisfied.