Xperi (XPER) CEO granted 215,833 RSUs and withholds shares for tax
Rhea-AI Filing Summary
Xperi Inc. CEO and President Jon Kirchner reported equity compensation and related tax withholding transactions. He received a grant of 215,833 restricted stock units, each representing one share of common stock, which will vest in four equal installments beginning on March 1, 2027 and annually thereafter. Separately, 71,152 shares of common stock were disposed of at $6.13 per share to satisfy tax withholding obligations, rather than through an open-market sale.
Positive
- None.
Negative
- None.
FAQ
What insider transactions did Xperi (XPER) CEO Jon Kirchner report?
Jon Kirchner reported a grant of 215,833 restricted stock units and a related tax-withholding share disposition of 71,152 shares. The RSUs are equity compensation, while the disposed shares were withheld to cover tax obligations rather than sold in the open market.
How many restricted stock units were granted to the Xperi (XPER) CEO?
The CEO received 215,833 restricted stock units, each representing one share of Xperi common stock. These RSUs are scheduled to vest in four equal annual installments starting on March 1, 2027, providing long-term, performance-linked compensation alignment with shareholders.
When will Jon Kirchner’s Xperi (XPER) RSU grant vest?
The 215,833 restricted stock units will vest in four equal installments beginning on March 1, 2027 and then annually. This multi-year vesting schedule is designed to encourage longer-term alignment between the CEO’s incentives and Xperi’s ongoing business performance.
Was the Xperi (XPER) CEO’s share disposition an open-market sale?
No. The 71,152 shares of common stock were withheld to satisfy tax withholding obligations. This tax-withholding disposition, reported with transaction code F, reflects shares delivered for taxes rather than a discretionary open-market share sale by the CEO.
How many Xperi (XPER) shares did Jon Kirchner hold after these transactions?
After the RSU grant, his reported holdings increased to 822,730 shares of common stock. Following the tax-withholding disposition, another line shows 606,897 shares, reflecting updated direct ownership reported across the separate transactions in the filing.