Turtle Beach (TBCH) director receives 16,634 restricted stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Wyatt William Z reported acquisition or exercise transactions in this Form 4 filing.
Turtle Beach Corp director William Z. Wyatt received an award of 16,634 shares of common stock on April 1, 2026. The shares are restricted and will vest on April 1, 2027. Following this grant, he directly holds 128,170 common shares.
He also has indirect ownership of 693,962 common shares through TDG CP LLC (Donerail). He may be deemed to beneficially own those securities but disclaims beneficial ownership except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Wyatt William Z
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 16,634 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 128,170 shares (Direct);
Common Stock — 693,962 shares (Indirect, TDG CP LLC)
Footnotes (1)
- These are restricted shares that will vest on April 1, 2027. Mr. Wyatt has a voting and investment interests in TDG CP LLC ("Donerail"). Mr. Wyatt may be deemed to beneficially own the securities held by Donerail. Mr. Wyatt disclaims beneficial ownership of the securities owned by Donerail except to the extent of his pecuniary interest therein, and this report shall not be deemed to be an admission that Mr. Wyatt is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
Key Figures
Restricted shares granted: 16,634 shares
Vest date: April 1, 2027
Direct holdings after grant: 128,170 shares
+2 more
5 metrics
Restricted shares granted
16,634 shares
Common Stock award on April 1, 2026
Vest date
April 1, 2027
Restricted shares vesting schedule
Direct holdings after grant
128,170 shares
Common Stock directly owned after transaction
Indirect holdings via TDG CP LLC
693,962 shares
Common Stock held indirectly through TDG CP LLC
Grant price
$0.0000 per share
Reported price for restricted stock award
Key Terms
restricted shares, vest, beneficially own, pecuniary interest, +2 more
6 terms
vest financial
"These are restricted shares that will vest on April 1, 2027."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
beneficially own financial
"Mr. Wyatt may be deemed to beneficially own the securities held by Donerail."
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
pecuniary interest financial
"except to the extent of his pecuniary interest therein"
indirect ownership financial
"Mr. Wyatt has a voting and investment interests in TDG CP LLC ("Donerail")."
Section 16 regulatory
"for purposes of Section 16 or for any other purpose."
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
What insider transaction did Turtle Beach (TBCH) report for William Z. Wyatt?
Turtle Beach reported that director William Z. Wyatt received a grant of 16,634 restricted common shares on April 1, 2026. These shares were awarded at no cash cost and increase his direct ownership stake in the company’s common stock.
What is William Z. Wyatt’s indirect ownership in Turtle Beach (TBCH) through TDG CP LLC?
The filing shows 693,962 Turtle Beach common shares held indirectly through TDG CP LLC, also referred to as Donerail. Wyatt has voting and investment interests in this entity but disclaims beneficial ownership except to the extent of his pecuniary interest.
Was the Turtle Beach (TBCH) Form 4 transaction a market purchase or a grant?
The Form 4 reports a grant or award acquisition, not a market purchase. Wyatt received 16,634 restricted common shares at a reported price of $0.0000 per share, indicating a compensation-related equity award rather than an open-market transaction.