TELA Bio (TELA) president awarded 127,000 options and 86,000 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TELA Bio, Inc. President Jeffrey Blizard reported equity awards consisting of stock options and restricted stock units granted on February 20, 2026. He was granted stock options for 127,000 shares at an exercise price of $0.00 per share and a separate award of 86,000 shares of common stock in the form of restricted stock units.
The restricted stock units will vest in four equal annual installments beginning on February 20, 2027, contingent on his continuous service through each vesting date. The stock option will vest 25% on February 20, 2027, with the remaining 75% vesting in equal monthly installments over the following 36 months, also subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Blizard Jeffrey
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 127,000 | $0.00 | -- |
| Grant/Award | Common Stock | 86,000 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 127,000 shares (Direct);
Common Stock — 205,125 shares (Direct)
Footnotes (1)
- These restricted stock units will vest in four equal annual installments beginning on February 20, 2027, subject to the Reporting Person's continuous service through the applicable vesting dates. The option vests 25% on February 20, 2027, with the remaining 75% vesting in equal monthly installments on the last day of each of the 36 calendar months immediately following such date, subject to the Reporting Person's continued service through the applicable vesting dates.
FAQ
What equity awards did TELA (TELA) President Jeffrey Blizard receive?
Jeffrey Blizard received stock options for 127,000 shares at $0.00 per share and 86,000 restricted stock units of TELA Bio common stock. Both awards were granted on February 20, 2026 as part of his compensation package, subject to multi-year vesting conditions tied to continued service.
How do Jeffrey Blizard’s 127,000 TELA stock options vest?
The 127,000 stock options vest 25% on February 20, 2027, with the remaining 75% vesting in equal monthly installments over the next 36 months. Vesting is conditioned on Blizard’s continued service with TELA Bio through each applicable vesting date over that period.
What is the vesting schedule for Jeffrey Blizard’s 86,000 restricted stock units in TELA?
The 86,000 restricted stock units vest in four equal annual installments starting February 20, 2027. Each 25% tranche requires Jeffrey Blizard to remain in continuous service with TELA Bio through the respective vesting date before the related common shares are delivered.
What conditions could affect Jeffrey Blizard’s ability to receive all granted TELA equity?
Both the restricted stock units and stock options require Jeffrey Blizard’s continuous service with TELA Bio through future vesting dates. If his service ends before those dates, unvested portions may be forfeited under the award terms, limiting how many shares he ultimately receives.