Usio (USIO) CEO Louis Hoch granted 300,000 shares plus new RSU awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HOCH LOUIS A reported acquisition or exercise transactions in this Form 4 filing.
Usio, Inc. director and CEO Louis A. Hoch reported equity compensation awards. He received a grant of 300,000 shares of Common Stock at $1.71 per share, bringing his direct holdings to 3,502,089 common shares.
He was also granted three blocks of 7,000 Restricted Stock Units each, tied to underlying common shares. According to the footnotes, these RSUs vest on 06/11/2027, 06/11/2028, and 06/11/2029, with an additional RSU award vesting on 06/11/2036 or upon a change of control or under his employment agreement terms.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
HOCH LOUIS A
Role
Chairman, President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 7,000 | $1.71 | $12K |
| Grant/Award | Restricted Stock Units | 7,000 | $1.71 | $12K |
| Grant/Award | Restricted Stock Units | 7,000 | $1.71 | $12K |
| Grant/Award | Common Stock | 300,000 | $1.71 | $513K |
Holdings After Transaction:
Restricted Stock Units — 42,000 shares (Direct, null);
Common Stock — 3,502,089 shares (Direct, null)
Footnotes (1)
- Restricted Stock Units vests on 06/11/2027. Restricted Stock Units vests on 06/11/2028. Restricted Stock Units vests on 06/11/2029. Vests 06/11/2036 or change of control or per terms of employment agreement.
Key Figures
Common stock grant: 300,000 shares at $1.71
Post-grant common holdings: 3,502,089 shares
RSU grant size: 7,000 RSUs per tranche
+3 more
6 metrics
Common stock grant
300,000 shares at $1.71
Award to Louis A. Hoch on June 11, 2026
Post-grant common holdings
3,502,089 shares
Direct Usio common stock held after transaction
RSU grant size
7,000 RSUs per tranche
Three RSU awards tied to common shares
RSU vesting dates
June 11, 2027 / 2028 / 2029
Footnotes F1–F3 describe vesting schedule
Long-term RSU vesting
June 11, 2036
Also vests on change of control or per employment terms
Post-transaction RSU holdings
56,000 RSUs
Total RSUs reported following one of the grants
Key Terms
Restricted Stock Units, grant/award acquisition, change of control, expiration date
4 terms
Restricted Stock Units financial
"The security title shows “Restricted Stock Units” with underlying common shares."
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.
grant/award acquisition financial
"The transaction_action field lists “grant/award acquisition” for each entry."
change of control financial
"A footnote states vesting occurs at 06/11/2036 or change of control."
A change of control occurs when the ownership or management of a company shifts significantly, such as through a sale, merger, or acquisition, resulting in new leadership or ownership structure. This change can impact the company's direction and decision-making, which is important for investors because it may affect the company's stability, strategy, and future prospects.
expiration date financial
"Derivative entries include an expiration date of 06/11/2036."
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
FAQ
What did Usio (USIO) CEO Louis A. Hoch report in this Form 4?
Louis A. Hoch reported equity compensation awards, including 300,000 shares of Usio common stock and multiple Restricted Stock Unit grants. These entries reflect stock-based compensation decisions, not open-market purchases or sales, and increase his direct ownership stake in the company.
What equity compensation did Louis A. Hoch receive from Usio (USIO) in this filing?
He received a grant of 300,000 Usio common shares at $1.71 per share and three separate awards of 7,000 Restricted Stock Units each. These RSUs are convertible into common shares and vest over several future years, according to the footnote disclosures.
When do Louis A. Hoch’s Usio (USIO) Restricted Stock Units vest?
The Form 4 footnotes state RSU tranches vest on June 11, 2027, June 11, 2028, and June 11, 2029. Another RSU award vests on June 11, 2036, or earlier upon a change of control or under terms in his employment agreement.
Are Louis A. Hoch’s Usio (USIO) transactions open-market buys or sales?
No, the Form 4 classifies these as “A” code grant or award acquisitions, not open-market trades. They represent stock-based compensation, including common share and RSU grants, rather than discretionary buying or selling of Usio shares in the market.