Treace Medical Concepts (TMCI) director awarded 30,000 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Berry Lance A reported acquisition or exercise transactions in this Form 4 filing.
Treace Medical Concepts director Lance A. Berry received an equity grant in the form of restricted stock units. He was awarded 30,000 RSUs tied to the company’s common stock, with each unit convertible into one share upon vesting. These RSUs will vest 100% on the earlier of May 19, 2027 or the 2027 annual meeting of stockholders, as long as he continues serving the company through that date. Berry has elected to defer delivery of the underlying shares until the earlier of a change in control or his separation of service. Following this grant, his direct holdings total 74,593 shares, including the 30,000 RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Berry Lance A
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 30,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 74,593 shares (Direct, null)
Footnotes (1)
- Represents restricted stock units (RSUs) for which the Reporting Person is entitled to receive one (1) share of Issuer's Common Stock for each RSU upon vesting. The RSUs will be 100% vested on the earlier of (a) May 19, 2027 or (b) the date of the 2027 annual meeting of stockholders, subject to Reporting Person's providing continued service to Issuer through the vesting date. The Reporting Person voluntarily elected to defer receipt of the shares of the Issuer's Common Stock issuable upon settlement of the RSUs until the earlier of a change in control or the Reporting Person's separation of service to the Issuer. Includes 30,000 restricted stock units.
Key Figures
RSU grant size: 30,000 RSUs
Vesting date: May 19, 2027
Post-transaction holdings: 74,593 shares
+1 more
4 metrics
RSU grant size
30,000 RSUs
Award of restricted stock units to director Lance A. Berry
Vesting date
May 19, 2027
RSUs vest on earlier of this date or 2027 annual meeting
Post-transaction holdings
74,593 shares
Total direct holdings after RSU grant, including 30,000 RSUs
Grant price per share
$0.0000 per share
Indicates compensation-related RSU award, not open-market purchase
Key Terms
restricted stock units (RSUs), change in control, separation of service, annual meeting of stockholders
4 terms
restricted stock units (RSUs) financial
"Represents restricted stock units (RSUs) for which the Reporting Person is entitled to receive one (1) share..."
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
change in control financial
"until the earlier of a change in control or the Reporting Person's separation of service..."
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
separation of service financial
"until the earlier of a change in control or the Reporting Person's separation of service..."
annual meeting of stockholders financial
"the earlier of (a) May 19, 2027 or (b) the date of the 2027 annual meeting of stockholders..."
FAQ
What insider transaction did Treace Medical Concepts (TMCI) report for Lance A. Berry?
Treace Medical Concepts reported that director Lance A. Berry received a grant of 30,000 restricted stock units. Each RSU represents the right to receive one share of common stock upon vesting, as part of his equity-based compensation package.
When do Lance A. Berry’s 30,000 TMCI restricted stock units vest?
The 30,000 restricted stock units will be 100% vested on the earlier of May 19, 2027 or the 2027 annual meeting of stockholders. Vesting is contingent on Berry continuing to provide service to Treace Medical Concepts through that vesting date.
Did Lance A. Berry pay cash for the 30,000 TMCI restricted stock units?
No cash purchase was involved; the Form 4 shows the 30,000 restricted stock units with a price of $0.0000 per share. This indicates a compensation-related award rather than an open-market buy of Treace Medical Concepts stock.