Teladoc (NYSE: TDOC) director receives grant of 30,441 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fenwick Sandra L reported acquisition or exercise transactions in this Form 4 filing.
Teladoc Health, Inc. director Sandra L. Fenwick received a grant of 30,441 restricted stock units, each representing one share of Teladoc common stock. These RSUs vest in full on the earlier of May 21, 2027 or the day immediately before Teladoc’s 2027 annual stockholder meeting.
Vested shares will be delivered to Fenwick on the earliest of several events: within a set period after her separation of service, around a qualifying Change of Control as defined in Teladoc’s Deferred Compensation Plan for Non-Employee Directors, or upon her death.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Fenwick Sandra L
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 30,441 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 30,441 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of TDOC common stock. The restricted stock units vest in full on the earlier of (i) May 21, 2027 and (ii) the day immediately preceding the issuer's 2027 annual meeting of stockholders. Vested shares will be delivered to the reporting person on the earliest to occur of (i) within 90 days following the date that is 30 days following the reporting person's separation of service, (ii) immediately prior to, on or within 30 days following a Change of Control (as defined in the issuer's Deferred Compensation Plan for Non-Employee Directors) and (iii) the reporting person's death.
Key Figures
RSUs granted: 30,441 units
Underlying shares: 30,441 shares
Grant price: $0.0000 per unit
+1 more
4 metrics
RSUs granted
30,441 units
Restricted stock units awarded to Sandra L. Fenwick
Underlying shares
30,441 shares
Common shares underlying the RSU grant
Grant price
$0.0000 per unit
Equity award with no cash price paid by director
Vesting date
Earlier of May 21, 2027 or day before 2027 meeting
Single full vesting trigger for RSU award
Key Terms
Restricted Stock Units, Change of Control, Deferred Compensation Plan for Non-Employee Directors
3 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of TDOC common stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Change of Control financial
"immediately prior to, on or within 30 days following a Change of Control"
A change of control occurs when the ownership or management of a company shifts significantly, such as through a sale, merger, or acquisition, resulting in new leadership or ownership structure. This change can impact the company's direction and decision-making, which is important for investors because it may affect the company's stability, strategy, and future prospects.
Deferred Compensation Plan for Non-Employee Directors financial
"Change of Control (as defined in the issuer's Deferred Compensation Plan for Non-Employee Directors)"
FAQ
What did Teladoc (TDOC) director Sandra Fenwick report in this Form 4?
Sandra L. Fenwick reported receiving 30,441 restricted stock units, each convertible into one share of Teladoc common stock. This is a compensation-related equity award, not an open-market purchase or sale of shares, and reflects additional stock-based pay for her board service.
How many Teladoc (TDOC) restricted stock units were granted to Sandra Fenwick?
The filing shows a grant of 30,441 restricted stock units to Sandra L. Fenwick. Each unit represents a contingent right to receive one share of Teladoc common stock, providing equity-based compensation tied directly to the company’s share price performance over time.
When do Sandra Fenwick’s Teladoc (TDOC) restricted stock units vest?
The restricted stock units vest in full on the earlier of May 21, 2027 or the day immediately preceding Teladoc’s 2027 annual stockholder meeting. This single vesting date structure aligns the director’s compensation with a multi-year service and governance period.
Is this Teladoc (TDOC) Form 4 a stock purchase or sale by Sandra Fenwick?
The Form 4 reflects an equity award, not a market trade. Sandra L. Fenwick acquired 30,441 restricted stock units as a grant, with no price paid per unit, rather than buying or selling Teladoc shares on the open market or through a discretionary transaction.