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Vuzix Corp (VUZI) grants CFO Russell Grant 193,258 RSUs

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Russell Grant reported acquisition or exercise transactions in this Form 4 filing.

Vuzix Corp reported that its CFO, Russell Grant, received a grant of 193,258 Restricted Stock Units (RSUs), each representing the right to receive one share of common stock. This award increases his direct RSU holdings to 193,258 units.

According to the terms, 50% of the RSUs, or 96,629 units, vest based on time, in three equal installments on December 15, 2026, December 15, 2027, and December 15, 2028. The remaining 50% (96,629 RSUs) will vest only if specified performance goals are achieved up to December 31, 2028, and this performance-based portion can increase to as many as 144,943 RSUs if certain bonus targets are met.

Positive

  • None.

Negative

  • None.
Insider Russell Grant
Role CFO
Type Security Shares Price Value
Grant/Award Restricted Stock Unit 193,258 $0.00 $0.00
Holdings After Transaction: Restricted Stock Unit — 193,258 shares (Direct)
Footnotes (2)
  1. F1. Each Restricted Stock Unit ("RSU"s), both time-based vesting and performance-based vesting, represents the contingent right to receive one share of common stock.
  2. F2. 50% (96,629) of the RSUs will vest as follows: 1/3 each on December 15, 2026, 1/3 December 15, 2027, and 1/3 December 15, 2028. The remaining 50% (96,629) will vest solely upon certain performance achievements, up and until December 31, 2028, and not simply the passage of time. This latter 50% may increase up to 150% of such amount (144,943 RSUs) subject to certain bonus achievements.
RSUs granted 193,258 units Award of Restricted Stock Units to CFO Russell Grant
Time-based RSUs 96,629 units Vest 1/3 on Dec 15 2026, 2027, and 2028
Performance-based RSUs 96,629 units Vest upon performance achievements through Dec 31 2028
Maximum performance-based RSUs 144,943 units Potential increase up to 150% of performance-based portion
Total RSUs after grant 193,258 units Total RSUs held by CFO following the reported transaction
Restricted Stock Unit financial
"Each Restricted Stock Unit ("RSU"s), both time-based vesting and performance-based vesting, represents the contingent right to receive 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.
time-based vesting financial
"Each Restricted Stock Unit ("RSU"s), both time-based vesting and performance-based vesting, represents the contingent right"
Time-based vesting is a schedule that gives employees or contractors ownership of granted stock or options gradually as they remain with a company, like unlocking rewards in a loyalty program the longer you stick around. For investors, it matters because it affects future share supply, management incentives and staff retention — all of which can influence company performance and dilution of existing shareholders.
performance-based vesting financial
"Each Restricted Stock Unit ("RSU"s), both time-based vesting and performance-based vesting, represents the contingent right"
performance achievements financial
"The remaining 50% (96,629) will vest solely upon certain performance achievements, up and until December 31, 2028"
bonus achievements financial
"This latter 50% may increase up to 150% of such amount (144,943 RSUs) subject to certain bonus achievements."

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What did Vuzix (VUZI) disclose about CFO Russell Grant in this Form 4?
Vuzix disclosed that CFO Russell Grant received a grant of 193,258 Restricted Stock Units. Each RSU represents the contingent right to receive one share of common stock, subject to time-based and performance-based vesting conditions through late 2028.

How many Restricted Stock Units did the Vuzix (VUZI) CFO receive?
The Vuzix CFO received 193,258 Restricted Stock Units. These RSUs give him the contingent right to receive an equal number of common shares if vesting conditions are met, combining both time-based vesting and performance-based vesting tranches.

How do the time-based RSUs for Vuzix (VUZI) CFO vest?
Half of the grant, or 96,629 RSUs, vest based on time. This portion vests in three equal installments on December 15, 2026, December 15, 2027, and December 15, 2028, assuming the CFO remains eligible under the award terms.

What performance-based RSUs did the Vuzix (VUZI) CFO receive?
The CFO received 96,629 performance-based RSUs that vest only upon achieving specified performance goals by December 31, 2028. This performance-based portion can increase up to 150% of that amount, or 144,943 RSUs, if certain bonus achievements are reached.

What does each Vuzix (VUZI) RSU represent for the CFO grant?
Each Restricted Stock Unit in the CFO’s award represents the contingent right to receive one share of Vuzix common stock. Actual delivery of shares depends on satisfying the applicable vesting conditions described for time-based and performance-based RSUs.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Russell Grant
(Last)(First)(Middle)
25 HENDRIX ROAD, SUITE A
(Street)
WEST HENRIETTA NEW YORK 14586
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Vuzix Corp [ VUZI ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
CFO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/29/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Unit(1)04/29/2026A193,258 (2) (2)Common Stock193,258$0193,258D
Explanation of Responses:
1. Each Restricted Stock Unit ("RSU"s), both time-based vesting and performance-based vesting, represents the contingent right to receive one share of common stock.
2. 50% (96,629) of the RSUs will vest as follows: 1/3 each on December 15, 2026, 1/3 December 15, 2027, and 1/3 December 15, 2028. The remaining 50% (96,629) will vest solely upon certain performance achievements, up and until December 31, 2028, and not simply the passage of time. This latter 50% may increase up to 150% of such amount (144,943 RSUs) subject to certain bonus achievements.
/s/ Grant Russell04/30/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR