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Vuzix (VUZI) CEO receives 477,178 RSU equity award

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

Rhea-AI Filing Summary

Vuzix Corp President and CEO Paul J Travers received a grant of 477,178 Restricted Stock Units (RSUs), each representing the right to receive one share of common stock. All RSUs were acquired at no cash cost in a compensation-related award, not an open‑market purchase.

Half of the grant, 238,589 RSUs, vests over time in three equal installments on December 15, 2026, 2027, and 2028. The remaining 238,589 RSUs vest only if specified performance goals are achieved up to December 31, 2028, and this performance-based portion can increase to as many as 357,884 RSUs if certain bonus targets are met.

Positive

  • None.

Negative

  • None.
Insider Travers Paul J
Role President and CEO
Type Security Shares Price Value
Grant/Award Restricted Stock Unit 477,178 $0.00 --
Holdings After Transaction: Restricted Stock Unit — 477,178 shares (Direct, null)
Footnotes (1)
  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. 50% (238,589) 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% (238,589) 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 (357,884 RSUs) subject to certain bonus achievements.
RSUs granted 477,178 units Restricted Stock Units awarded to CEO on April 29, 2026
Time-based RSUs 238,589 units Vesting one‑third each on Dec 15, 2026, 2027, 2028
Performance-based RSUs 238,589 units Vest upon performance achievements through Dec 31, 2028
Maximum performance RSUs 357,884 units Performance-based tranche may increase up to 150%
Underlying common shares 477,178 shares Each RSU represents one share of common stock
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% (238,589) 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 (357,884 RSUs) subject to certain bonus achievements"
Form 4 Insider Transactions: What Each Field Means →
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*
Travers Paul J
(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)
President and CEO
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)04/29/2026A477,178 (2) (2)Common Stock477,178$0477,178D
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% (238,589) 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% (238,589) 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 (357,884 RSUs) subject to certain bonus achievements.
/s/ Paul Travers04/30/2026
** 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

FAQ

What insider transaction did Vuzix (VUZI) report for its CEO?

Vuzix reported that CEO Paul J Travers received a grant of 477,178 Restricted Stock Units. These RSUs are a compensation award, not an open‑market stock purchase, and each unit represents the right to receive one share of Vuzix common stock in the future.

How many Vuzix RSUs were granted to CEO Paul J Travers and at what price?

Paul J Travers was granted 477,178 Restricted Stock Units at a reported price of $0.00 per unit. This reflects an equity compensation award rather than a cash transaction, with each RSU convertible into one share of Vuzix common stock upon vesting conditions being satisfied.

What is the vesting schedule for the time-based Vuzix RSUs granted to the CEO?

Of the total grant, 238,589 RSUs vest based on time. These units vest in three equal installments: one‑third on December 15, 2026, one‑third on December 15, 2027, and the final one‑third on December 15, 2028, assuming continued service.

How do the performance-based Vuzix RSUs for the CEO work?

The remaining 238,589 RSUs vest only upon achieving specified performance goals through December 31, 2028. This performance-based tranche can increase up to 150% of that amount, reaching 357,884 RSUs, if certain bonus performance achievements described in the award are fully met.

How many Vuzix common shares underlie the CEO’s new RSU grant?

The 477,178 Restricted Stock Units granted to the CEO are linked to 477,178 underlying shares of Vuzix common stock. Each RSU corresponds to one share that may be delivered upon satisfaction of the applicable time‑based and performance‑based vesting conditions.

Is the Vuzix CEO’s RSU award a market buy or a compensation grant?

The RSU award to the Vuzix CEO is a compensation grant, not a market buy. The Form 4 labels the transaction with code A for grant or award acquisition, with a price of $0.00 per unit, reflecting equity compensation rather than an open‑market stock purchase.