Tandem Diabetes Care (TNDM) EVP receives 29,136 RSU equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Morrison Susan reported acquisition or exercise transactions in this Form 4 filing.
Tandem Diabetes Care executive Susan Morrison received a grant of 29,136 restricted stock units as part of equity compensation. Each RSU represents a right to receive one share of common stock or cash under the company’s 2023 Long-Term Incentive Plan. 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, contingent on plan terms and continued service. Following this award, Morrison holds 29,136 RSUs directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Morrison Susan
Role
EVP & Chief Admin. 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
RSU grant size: 29,136 units
RSUs after grant: 29,136 units
Initial vesting date: May 29, 2027
+1 more
4 metrics
RSU grant size
29,136 units
Restricted stock units granted May 29, 2026
RSUs after grant
29,136 units
Total RSUs held following the reported transaction
Initial vesting date
May 29, 2027
One-third of RSUs vest on this date
Remaining vesting pattern
8 quarterly installments
Residual RSUs vest quarterly on the 15th of the month
Key Terms
Restricted Stock Unit, 2023 Long-Term Incentive Plan, vest, contingent right
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, as amended..."
vest financial
"One-third of such RSUs shall vest on 5/29/2027, and the remaining RSUs shall vest in eight..."
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.
contingent right financial
"Each restricted stock unit (RSU) represents a contingent right to receive either one share..."
FAQ
What insider transaction did Tandem Diabetes Care (TNDM) report for Susan Morrison?
Tandem Diabetes Care reported that executive Susan Morrison received 29,136 restricted stock units as an equity award. The RSUs are granted at no cost under the company’s 2023 Long-Term Incentive Plan and settle in common stock or cash at the company’s discretion.
How many restricted stock units did Susan Morrison receive from Tandem Diabetes Care (TNDM)?
Susan Morrison received 29,136 restricted stock units. These RSUs represent a right to receive an equal number of Tandem Diabetes Care common shares or cash, subject to vesting and the terms of the 2023 Long-Term Incentive Plan and related award agreements.
What is the vesting schedule for Susan Morrison’s 29,136 Tandem Diabetes Care RSUs?
One-third of Susan Morrison’s 29,136 RSUs will vest on May 29, 2027. The remaining RSUs vest in eight equal quarterly installments on the 15th of the month thereafter, subject to the conditions of Tandem Diabetes Care’s 2023 Long-Term Incentive Plan.
What plan governs Susan Morrison’s new RSU award at Tandem Diabetes Care (TNDM)?
The RSU award is governed by Tandem Diabetes Care’s 2023 Long-Term Incentive Plan, as amended. The filing notes that settlement of each RSU into stock or cash and the vesting terms are determined according to this plan and the related award agreements.