Syra Health (SYRA) CEO receives 368,458 performance stock units tied to financial goals
Rhea-AI Filing Summary
Syra Health Corp reported that CEO Alexander Gregory R. received a grant of 368,458 Performance Stock Units linked to Class A Common Stock. The units carry a zero exercise price and expire on August 11, 2036. According to the vesting terms, 20% of the Performance Stock Units vest one year after the grant date, with the remaining units vesting upon achievement of specified company financial metrics, tying a substantial portion of this award to the company’s future performance.
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Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Alexander Gregory R.
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Stock Units F1 | 368,458 | $0.00 | $0.00 |
Holdings After Transaction:
Performance Stock Units — 368,458 shares (Direct)
Footnotes (1)
- F1. 20% of the Performance Stock Units vest one year after date of grant and the remainder vest upon the achievement of certain company financial metrics.
Key Figures
Performance Stock Units granted: 368,458 units
Underlying Class A Common Stock: 368,458 shares
Exercise/Conversion Price: $0.00 per share
+3 more
6 metrics
Performance Stock Units granted
368,458 units
Grant of Performance Stock Units to CEO on August 11, 2026
Underlying Class A Common Stock
368,458 shares
Shares underlying the granted Performance Stock Units
Exercise/Conversion Price
$0.00 per share
Exercise or conversion price for the Performance Stock Units
Initial time-based vesting portion
20%
Portion of PSUs vesting one year after date of grant
Expiration date
August 11, 2036
Expiration of the Performance Stock Units award
Total PSUs held after grant
368,458 units
Total Performance Stock Units directly owned by CEO after this transaction
Key Terms
Performance Stock Units, vesting, underlying security
3 terms
Performance Stock Units financial
"20% of the Performance Stock Units vest one year after date of grant"
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
vesting financial
"20% of the Performance Stock Units vest one year after date of grant"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
underlying security financial
"underlying_security_title: Class A Common Stock"
FAQ
What equity award did Syra Health (SYRA) grant to its CEO?
Syra Health granted CEO Alexander Gregory R. 368,458 Performance Stock Units tied to Class A Common Stock. These units have a $0.00 exercise price, expire on August 11, 2036, and are structured as a performance-based equity incentive.
How do the Performance Stock Units for Syra Health (SYRA) CEO vest?
20% of the Performance Stock Units vest one year after the grant date. The remaining 80% vest only upon achievement of specified company financial metrics, linking most of the award’s value to Syra Health’s future operating performance.
What is the exercise price of the Syra Health (SYRA) CEO’s Performance Stock Units?
The CEO’s 368,458 Performance Stock Units have an exercise or conversion price of $0.00 per share. This means no cash payment is required upon conversion into Class A Common Stock, subject to vesting conditions being satisfied.
When do the Syra Health (SYRA) CEO Performance Stock Units expire?
The Performance Stock Units granted to the CEO expire on August 11, 2036. Any units that have not vested or been settled into Class A Common Stock by that expiration date would no longer be exercisable under the terms described.
AI-generated analysis. How Rhea-AI works. Not financial advice.