Teleflex (NYSE: TFX) grants $600,000 RSU to interim chief executive
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Teleflex Incorporated reported that its independent directors approved a special restricted stock unit award for Interim President and Chief Executive Officer Stuart A. Randle. The grant has a stated grant date fair value of $600,000.
The award, granted on June 8, 2026, is meant to recognize Mr. Randle’s contributions in leading operations, governance, investor relations and the search for a permanent CEO, including serving longer than initially expected. The RSUs will vest on the earlier of June 8, 2027 or the date of the Company’s 2027 annual meeting of stockholders.
Positive
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Negative
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8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Key Figures
RSU grant value: $600,000
Grant date: June 8, 2026
Latest vesting date: June 8, 2027
3 metrics
RSU grant value
$600,000
Grant date fair value for special award to Interim CEO
Grant date
June 8, 2026
Date special RSU award was granted
Latest vesting date
June 8, 2027
Latest possible vesting date for RSUs
Key Terms
restricted stock unit, grant date fair value, annual meeting of stockholders
3 terms
restricted stock unit financial
"approved a special restricted stock unit award with a grant date fair value of $600,000"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
grant date fair value financial
"special restricted stock unit award with a grant date fair value of $600,000"
The grant date fair value is the estimated dollar worth of a stock-based award (such as stock options or restricted shares) at the exact moment it is given to an employee or contractor. Investors care because companies use that value to record compensation expenses and to show how much potential ownership and earnings dilution those awards could create—think of it as the price tag placed on a gift card when it is handed over so the company can report the cost now.
annual meeting of stockholders financial
"will vest on the earlier of (a) June 8, 2027 and (b) the date of the Company's 2027 annual meeting of stockholders"
FAQ
What executive compensation change did Teleflex (TFX) disclose in this 8-K?
Teleflex disclosed a special restricted stock unit award for Interim President and CEO Stuart A. Randle valued at $600,000. The grant recognizes his contributions in operations, governance, investor relations, and leading the search for a permanent CEO while serving longer than initially expected.
How large is the special RSU award granted to Teleflex interim CEO Stuart Randle?
The special RSU award for Interim CEO Stuart A. Randle has a grant date fair value of $600,000. This equity award is designed to recognize his significant contributions and extended service as interim leader during a period that includes the Company’s search for a permanent President and CEO.
When do Stuart Randle’s new Teleflex (TFX) restricted stock units vest?
The restricted stock units granted to Stuart A. Randle vest on the earlier of June 8, 2027 or the date of Teleflex’s 2027 annual meeting of stockholders. This single vesting event ties the award to his continued service through that future governance milestone.
Who approved the special RSU grant for Teleflex interim CEO Stuart Randle?
The special RSU grant for Interim CEO Stuart A. Randle was approved by the independent members of Teleflex’s Board of Directors. They acted on the recommendation of the Board’s Compensation Committee, highlighting standard corporate governance oversight of executive equity compensation decisions at the company.
Why did Teleflex grant a special RSU award to its interim CEO?
Teleflex granted the special RSU award to recognize Stuart A. Randle’s significant contributions as Interim President and CEO. The company cited his work on operational, governance and investor relations matters, and acknowledged that he served in the interim role for longer than originally expected during the CEO search.