Waystar (WAY) CTO receives 87,413 RSUs, holdings rise to 509,784 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Schremser Christopher L. reported acquisition or exercise transactions in this Form 4 filing.
Waystar Holding Corp. reported that Chief Technology Officer Christopher L. Schremser received a grant of 87,413 restricted stock units of Common Stock. The RSUs vest in four equal annual installments from the grant date through March 1, 2030, with each unit delivering one share upon settlement. Following this equity award, Schremser beneficially owns 509,784 shares of Common Stock, including unvested RSUs, all held directly as part of his compensation rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Schremser Christopher L.
Role
Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 87,413 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 509,784 shares (Direct)
Footnotes (1)
- Reflects a grant of restricted stock units ("RSUs") which vests in four equal annual installments from the initial grant date through March 1, 2030. Each RSU represents a contingent right to receive one share of common stock, $0.01 par value per share (the "Common Stock") upon settlement. Includes unvested RSUs.
FAQ
What did Waystar (WAY) disclose about CTO Christopher Schremser’s latest equity award?
Waystar disclosed that CTO Christopher L. Schremser received 87,413 restricted stock units of Common Stock as a compensation grant. These RSUs vest in four equal annual installments through March 1, 2030, with each RSU representing one share of Common Stock upon settlement.
Is the Waystar (WAY) CTO’s 87,413-unit award an open-market stock purchase?
The 87,413 units are a grant of restricted stock units, not an open-market purchase. The transaction price is listed as zero, indicating a compensation-related award where each RSU converts into one share of Common Stock upon vesting and settlement over time.
Over what period do the Waystar (WAY) CTO’s new RSUs vest?
The restricted stock units granted to the Waystar CTO vest in four equal annual installments from the initial grant date through March 1, 2030. This creates a multi-year vesting schedule designed to retain and incentivize the executive over the long term.
What does each restricted stock unit granted to the Waystar (WAY) CTO represent?
Each RSU granted to the Waystar CTO represents a contingent right to receive one share of Common Stock upon settlement. As the units vest over time, they can be settled into actual shares, incrementally increasing the executive’s delivered share ownership.