CFO at Treace Medical (TMCI) granted 100,000 performance stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Treace Medical Concepts, Inc. Chief Financial Officer Mark Hair reported an equity compensation grant of 100,000 performance stock units. Each PSU entitles him to one share of common stock upon vesting, reflecting a non-cash, compensation-related acquisition rather than an open-market purchase.
The PSUs were earned after the Compensation Committee certified achievement of a performance goal and will vest 25% on April 15, 2026 and 25% on each February 15 of 2027, 2028 and 2029, subject to his continued service. Following this award, he directly holds 963,549 shares of common stock, which include 811,691 restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hair Mark
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 100,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 963,549 shares (Direct)
Footnotes (1)
- Represents performance stock units ("PSUs") for which the Reporting Person is entitled to receive one (1) share of issuer's Common Stock for each PSU upon vesting. The PSUs were earned upon the Compensation Committee's certification of accomplishment of a performance goal and will vest 25% on April 15, 2026 and 25% on each February 15 of 2027, 2028, and 2029, subject to the Reporting Person's continued service through the applicable vesting date. Includes 811,691 restricted stock units.
Key Figures
Performance stock units granted: 100,000 PSUs
Vesting proportion per tranche: 25%
Shares held after transaction: 963,549 shares
+1 more
4 metrics
Performance stock units granted
100,000 PSUs
Grant to CFO Mark Hair on April 1, 2026
Vesting proportion per tranche
25%
Each of four vesting dates from 2026 to 2029
Shares held after transaction
963,549 shares
Total common stock directly held following grant
Restricted stock units included
811,691 RSUs
Portion of total direct holdings comprised of RSUs
Key Terms
performance stock units ("PSUs"), restricted stock units, Compensation Committee, vesting
4 terms
performance stock units ("PSUs") financial
"Represents performance stock units ("PSUs") for which the Reporting Person is entitled to receive one (1) share"
restricted stock units financial
"Includes 811,691 restricted stock units."
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.
Compensation Committee financial
"The PSUs were earned upon the Compensation Committee's certification of accomplishment"
A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.
vesting financial
"for each PSU upon vesting. The PSUs were earned upon the Compensation Committee's certification"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What insider transaction did Treace Medical (TMCI) CFO Mark Hair report?
Mark Hair reported receiving 100,000 performance stock units as equity compensation. These units convert into common stock upon vesting, reflecting a grant or award acquisition rather than an open-market share purchase or sale.
How many performance stock units did TMCI grant to its CFO and how do they convert?
The CFO was granted 100,000 performance stock units. Each PSU entitles him to receive one share of Treace Medical’s common stock upon vesting, creating a potential one-for-one increase in common shares if all units ultimately vest.
What is the vesting schedule for the TMCI CFO’s new performance stock units?
The performance stock units vest over four installments. They vest 25% on April 15, 2026, and 25% on each February 15 of 2027, 2028 and 2029, contingent on the CFO’s continued service through each vesting date.
What role did the Compensation Committee play in the TMCI CFO’s PSU grant?
The performance stock units were earned after the Compensation Committee certified that a specified performance goal was achieved. Only after this certification did the PSUs become earned and subject to the time-based vesting schedule through 2029.