nLIGHT (NASDAQ: LASR) director receives 847 restricted stock units
Rhea-AI Filing Summary
nLIGHT, Inc. director Carano Bandel L reported receiving an equity grant for board service. On 01/02/2026, the director acquired 847 restricted stock units in lieu of cash retainer fees for serving on nLIGHT’s board and its committees. Each unit represents a contingent right to receive one share of nLIGHT common stock after vesting, with all units scheduled to vest on December 31, 2026, as long as the director continues as a service provider.
Following this grant, the director beneficially owns 41,145 shares of nLIGHT common stock, which includes both currently owned shares and unvested restricted stock units. The grant was made at a stated price of $0.00 per share because it reflects the conversion of cash fees into equity based on the company’s closing stock price on the grant date.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 847 | $0.00 | -- |
Footnotes (1)
- The reporting person has elected to receive restricted stock units in lieu of cash retainer fees payable for service on the Issuer's board of directors and any committees thereof. Each restricted stock unit represents a contingent right to receive, following vesting, one share of the Issuer's common stock. The number of restricted stock units issued represents the quotient of (A) the amount of such fees divided by (B) the Issuer's closing stock price on the grant date, rounded down to the nearest whole share. All restricted stock units will vest on December 31, 2026 subject to the non-employee director continuing to be a service provider through the applicable vesting date. Includes common stock owned and unvested restricted stock units.
FAQ
What insider transaction did nLIGHT (LASR) report in this Form 4?
How were the 847 restricted stock units for nLIGHT (LASR) calculated?
When do the newly granted restricted stock units for nLIGHT (LASR) vest?
Did the nLIGHT (LASR) director pay cash for the 847 restricted stock units?
What role does the reporting person hold at nLIGHT (LASR)?