Tandem Diabetes (TNDM) CFO receives 62,657 restricted stock unit award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Vosseller Leigh reported acquisition or exercise transactions in this Form 4 filing.
Tandem Diabetes Care executive vice president and chief financial officer Leigh Vosseller received a grant of 62,657 restricted stock units (RSUs) under the company’s 2023 Long-Term Incentive Plan. Each RSU represents a contingent right to receive one share of common stock or cash at the company’s discretion.
One-third of the RSUs will vest on May 29, 2027, with the remaining units vesting in eight equal quarterly installments on the 15th of the month thereafter, subject to plan terms and continued eligibility. This is a stock-based compensation award, not an open-market share purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Vosseller Leigh
Role
EVP & CHIEF FINANCIAL OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 62,657 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit — 62,657 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit (RSU) represents a contingent right to receive either one share of the Issuer's common stock or cash in lieu thereof, at the Issuer's discretion, in accordance with the terms of the Tandem Diabetes Care, Inc. 2023 Long-Term Incentive Plan, as amended, and agreements related thereto (the 2023 Plan). One-third of such RSUs shall vest on 5/29/2027, and the remaining RSUs shall vest in eight (8) equal quarterly installments on the 15th of the month thereafter subject to the terms of the 2023 Plan.
Key Figures
RSUs granted: 62,657 RSUs
Total RSUs after grant: 62,657 RSUs
Vesting start date: May 29, 2027
+1 more
4 metrics
RSUs granted
62,657 RSUs
Award to EVP & CFO Leigh Vosseller
Total RSUs after grant
62,657 RSUs
Total derivative holdings reported following transaction
Vesting start date
May 29, 2027
One-third of RSUs vest on this date
Quarterly vesting tranches
8 installments
Remaining RSUs vest in eight equal quarterly installments
Key Terms
Restricted Stock Unit, 2023 Long-Term Incentive Plan, contingent right, vest
4 terms
Restricted Stock Unit financial
"Each restricted stock unit (RSU) represents a contingent right to receive either one share..."
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.
2023 Long-Term Incentive Plan financial
"in accordance with the terms of the Tandem Diabetes Care, Inc. 2023 Long-Term Incentive Plan..."
contingent right financial
"Each restricted stock unit (RSU) represents a contingent right to receive either one share..."
vest financial
"One-third of such RSUs shall vest on 5/29/2027, and the remaining RSUs shall vest..."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What did Tandem Diabetes Care (TNDM) CFO Leigh Vosseller report on this Form 4?
Leigh Vosseller reported a grant of 62,657 restricted stock units. These RSUs are compensation, not a market trade, and may settle in shares or cash based on Tandem Diabetes Care’s 2023 Long-Term Incentive Plan.
How many restricted stock units were granted to the TNDM CFO?
The CFO received 62,657 restricted stock units. Each RSU is a contingent right to one share of common stock or cash, awarded at a zero exercise price under Tandem Diabetes Care’s 2023 Long-Term Incentive Plan.
What is the vesting schedule for the 62,657 RSUs granted by Tandem Diabetes Care?
One-third of the RSUs vest on May 29, 2027. The remaining balance vests in eight equal quarterly installments on the 15th of the month thereafter, subject to the 2023 Long-Term Incentive Plan terms.
Is this Tandem Diabetes Care Form 4 a stock purchase or sale by the CFO?
No, this Form 4 reports a compensation award, not a market trade. The CFO acquired 62,657 RSUs through a grant, with no open-market buying or selling of Tandem Diabetes Care common shares disclosed.