Xtant Medical (XTNT) CFO tied to 869,878 unvested shares
Rhea-AI Filing Summary
Xtant Medical Holdings, Inc. reported that its CFO and Assistant Secretary, Scott C. Neils, received a grant of 400,000 deferred stock units (DSUs) of common stock. These DSUs vest in four equal installments of 100,000 shares on each of August 15, 2027, 2028, 2029, and 2030, conditioned on his continued employment, with settlement to occur at a later date. On the same date, 28,155 shares of common stock were withheld at $0.31 per share to cover tax withholding obligations upon vesting and settlement of prior restricted stock unit awards. In total, Neils now has 869,878 shares issuable upon vesting and settlement of RSU and DSU awards, all subject to continued employment through their respective vesting dates.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 371,845 shares
Net Buy
2 txns
Insider
Neils Scott C
Role
CFO and Assistant Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1, F2 | 400,000 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F3, F2 | 28,155 | $0.31 | $9K |
Holdings After Transaction:
Common Stock — 1,215,226 shares (Direct)
Footnotes (3)
- F1. These shares will vest with respect to 100,000 shares on each of August 15, 2027, August 15, 2028, August 15, 2029, and August 15, 2030 pursuant to a deferred stock unit (DSU) award granted under the Xtant Medical Holdings, Inc. Amended and Restated 2023 Equity Incentive Plan, conditioned upon the Reporting Person remaining an employee of Xtant through the applicable vesting date. The settlement of the vested shares underlying the DSU award has been deferred and will occur at a later date pursuant to the terms of the DSU award agreement. Each DSU represents a contingent right to receive one share of the Issuer's common stock.
- F2. Includes an aggregate of 869,878 shares issuable upon vesting and settlement of restricted stock unit awards or DSU awards granted under the Xtant Medical Holdings, Inc. Amended and Restated 2023 Equity Incentive Plan conditioned upon the Reporting Person remaining an employee of Xtant through the respective vesting dates.
- F3. These shares were withheld by the Issuer to pay tax withholding obligations upon vesting and settlement of restricted stock unit awards.
Key Figures
DSU grant: 400,000 shares of Common Stock
DSU vesting schedule: 100,000 shares per year
Tax withholding shares: 28,155 shares
+2 more
5 metrics
DSU grant
400,000 shares of Common Stock
Deferred stock unit award granted to CFO Scott C. Neils on 2026-08-15
DSU vesting schedule
100,000 shares per year
DSUs vest on August 15 of 2027, 2028, 2029, and 2030, subject to employment
Tax withholding shares
28,155 shares
Shares withheld to pay tax withholding obligations upon RSU vesting and settlement
Tax withholding price
$0.31 per share
Price used for withholding 28,155 shares for tax obligations
Aggregate unvested awards
869,878 shares
Shares issuable upon vesting and settlement of RSU and DSU awards, subject to employment
Key Terms
deferred stock unit (DSU), restricted stock unit, tax withholding obligations, Equity Incentive Plan
4 terms
deferred stock unit (DSU) financial
"These shares will vest ... pursuant to a deferred stock unit (DSU) award granted"
restricted stock unit financial
"Includes an aggregate of 869,878 shares issuable upon vesting and settlement of restricted stock unit awards"
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.
tax withholding obligations financial
"These shares were withheld by the Issuer to pay tax withholding obligations upon vesting"
Equity Incentive Plan financial
"granted under the Xtant Medical Holdings, Inc. Amended and Restated 2023 Equity Incentive Plan"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
FAQ
What equity award did XTNT grant to CFO Scott C. Neils in this Form 4?
XTNT granted Scott C. Neils 400,000 deferred stock units (DSUs) of common stock, vesting in four equal tranches of 100,000 shares each on August 15 of 2027, 2028, 2029, and 2030, subject to continued employment.
How do the 400,000 DSUs for XTNT’s CFO vest over time?
The 400,000 DSUs vest in four equal installments of 100,000 shares on August 15, 2027, 2028, 2029, and 2030, provided Scott C. Neils remains an employee through each applicable vesting date.
Does the XTNT CFO’s DSU award settle immediately upon vesting?
No. The filing states that settlement of the vested shares underlying the DSU award is deferred and will occur at a later date under the DSU award agreement, even though each DSU represents one share of common stock.
Under which plan were the XTNT equity awards to the CFO granted?
Both the DSU award and the referenced restricted stock unit awards were granted under the Xtant Medical Holdings, Inc. Amended and Restated 2023 Equity Incentive Plan, which governs their vesting and settlement terms.
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