Director at iRhythm (IRTC) granted 1,573 restricted stock units in equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MCGINNIS KAREN K reported acquisition or exercise transactions in this Form 4 filing.
iRhythm Holdings, Inc. director Karen K. McGinnis received an equity grant of 1,573 shares of common stock in the form of restricted stock units (RSUs). The award was granted at no cash cost per share and is part of her director compensation.
Each RSU represents a contingent right to receive one share of iRhythm common stock. The RSUs vest on the earlier of one year after the grant date or the company’s next annual meeting. After this grant, McGinnis directly holds 3,608 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
MCGINNIS KAREN K
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,573 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 3,608 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 1,573 shares
Award price per share: $0.00 per share
Shares held after grant: 3,608 shares
+2 more
5 metrics
RSUs granted
1,573 shares
Restricted stock unit award to director on May 27, 2026
Award price per share
$0.00 per share
Equity compensation grant, no cash paid by director
Shares held after grant
3,608 shares
Total common stock directly held following RSU award
Vesting trigger 1
1 year after grant
Time-based vesting condition for RSU award
Vesting trigger 2
Next annual meeting date
Alternative vesting trigger, earlier of the two dates applies
Key Terms
restricted stock units ("RSUs"), contingent right, vesting, annual meeting
4 terms
restricted stock units ("RSUs") financial
"These securities are restricted stock units ("RSUs"). Each RSU represents a contingent right"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
contingent right financial
"Each RSU represents a contingent right to receive one share of IRTC Common Stock."
vesting financial
"The vesting occurs on the earlier of (i) one year after grant or (ii) the date"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
annual meeting financial
"the (ii) the date of the company's next annual meeting."
A company's annual meeting is a yearly gathering where owners (shareholders) and the board review performance, ask questions, and vote on key matters like electing directors, approving auditor choices, and sometimes setting pay or dividend policies. For investors it matters because decisions made and votes cast can change who runs the company, influence strategy and payouts, and affect the value or direction of their investment—similar to a homeowners’ meeting where rules and leaders that shape your property’s value are decided.
FAQ
What insider transaction did iRhythm (IRTC) report for Karen K. McGinnis?
iRhythm reported that director Karen K. McGinnis received a grant of 1,573 restricted stock units. Each RSU represents a contingent right to one share of common stock, increasing her direct holdings to 3,608 shares following the award.
What are the terms of the 1,573 RSU award at iRhythm (IRTC)?
The 1,573 RSUs granted to director Karen K. McGinnis were issued at no cash cost per share. Each RSU converts into one share of iRhythm common stock upon vesting, subject to the specified vesting schedule tied to time and the annual meeting.
When do Karen K. McGinnis’s RSUs in iRhythm (IRTC) vest?
The RSUs vest on the earlier of one year after the grant date or the date of iRhythm’s next annual meeting. This time-based vesting structure aligns the director’s equity compensation with continued board service over that period.
Is the iRhythm (IRTC) RSU grant to Karen K. McGinnis a market purchase?
No, the 1,573-share award is a grant of restricted stock units as compensation, not an open-market purchase. The transaction price per share is reported as zero, reflecting that it is an equity award rather than a cash-funded share acquisition.