Tandem Diabetes Care (TNDM) awards 29,136 RSUs to EVP & Chief Legal Officer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hansen Shannon Marie reported acquisition or exercise transactions in this Form 4 filing.
Tandem Diabetes Care executive Shannon Marie Hansen, EVP & Chief Legal Officer, received a grant of 29,136 restricted stock units (RSUs). Each RSU represents a contingent right to one share of common stock or cash under the company’s 2023 Long-Term Incentive Plan.
One-third of the 29,136 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 the plan’s terms. Following this grant, Hansen holds 29,136 RSUs directly from this award.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hansen Shannon Marie
Role
EVP & Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 29,136 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit — 29,136 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: 29,136 RSUs
RSUs underlying common stock: 29,136 shares
Initial vesting date: May 29, 2027
+1 more
4 metrics
RSUs granted
29,136 RSUs
Grant to EVP & Chief Legal Officer on May 29, 2026
RSUs underlying common stock
29,136 shares
Underlying Tandem Diabetes Care common stock for this RSU award
Initial vesting date
May 29, 2027
One-third of RSUs vest on this date
Remaining vesting tranches
8 quarterly installments
Balance of RSUs vest in eight equal quarterly tranches on the 15th
Key Terms
Restricted Stock Unit, 2023 Long-Term Incentive Plan, vesting, contingent right
4 terms
Restricted Stock Unit financial
"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"
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, as amended"
vesting financial
"One-third of such RSUs shall vest on 5/29/2027, and the remaining RSUs shall vest in eight (8) equal quarterly installments"
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.
contingent right financial
"Each restricted stock unit (RSU) represents a contingent right to receive either one share of the Issuer's common stock or cash"
FAQ
What did Tandem Diabetes Care (TNDM) disclose about Shannon Hansen’s new equity award?
Tandem Diabetes Care reported that EVP & Chief Legal Officer Shannon Marie Hansen received 29,136 restricted stock units. These RSUs are granted under the company’s 2023 Long-Term Incentive Plan and provide a contingent right to receive common shares or cash, subject to vesting.
How many restricted stock units did TNDM grant to Shannon Hansen?
Shannon Hansen received a grant of 29,136 restricted stock units. This entire amount is tied to Tandem Diabetes Care’s common stock and represents a contingent right to receive either shares or cash, as provided under the 2023 Long-Term Incentive Plan documents.
What is the vesting schedule for Shannon Hansen’s 29,136 TNDM RSUs?
One-third of the 29,136 RSUs will vest on May 29, 2027. The remaining two-thirds will vest in eight equal quarterly installments on the 15th of the month thereafter, subject to the terms and conditions of the 2023 Long-Term Incentive Plan.
Under which plan were Shannon Hansen’s Tandem Diabetes Care RSUs granted?
The RSUs were granted under the Tandem Diabetes Care, Inc. 2023 Long-Term Incentive Plan, as amended. This plan governs the terms of the award, including vesting, settlement in shares or cash, and other conditions described in the related award agreements.
Does Shannon Hansen’s RSU award involve any purchase or sale of TNDM stock?
The filing shows a grant of RSUs classified as an acquisition under code A, not an open-market trade. It reflects a compensation-related equity award rather than a purchase or sale transaction, with settlement in stock or cash determined under the plan.
How many Tandem Diabetes Care RSUs does Shannon Hansen hold after this grant?
After this transaction, the filing reports 29,136 restricted stock units for Shannon Hansen from this award. These RSUs are held directly and remain subject to the specified vesting schedule and other conditions of Tandem Diabetes Care’s 2023 Long-Term Incentive Plan.