TruBridge (TBRG) CFO receives 12,698-share restricted stock grant, holds 50,499
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bassi Vinay reported acquisition or exercise transactions in this Form 4 filing.
TruBridge, Inc. Chief Financial Officer Vinay Bassi received an equity grant of 12,698 shares of common stock as restricted stock. The award was granted at no cash cost to him and is structured to vest in three equal annual installments, starting on the first anniversary of the grant date.
After this grant, Bassi directly holds 50,499 shares of TruBridge common stock. The filing describes this as a compensation-related grant that is exempt from short-swing profit recovery rules under Section 16(b) of the Securities Exchange Act pursuant to Rule 16b-3(d).
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Bassi Vinay
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 12,698 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 50,499 shares (Direct)
Footnotes (1)
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Key Figures
Restricted stock grant: 12,698 shares
Grant price: $0.0000 per share
Post-grant holdings: 50,499 shares
+2 more
5 metrics
Restricted stock grant
12,698 shares
Award of TruBridge common stock to CFO Vinay Bassi
Grant price
$0.0000 per share
Stated transaction price for the restricted stock award
Post-grant holdings
50,499 shares
Total TruBridge common shares held directly by CFO after grant
Vesting schedule
Three annual installments
Vests in one-third portions starting first anniversary of grant date
Section 16(b) exemption
Rule 16b-3(d)
Grant treated as exempt from short-swing profit recovery rules
Key Terms
restricted stock, Section 16(b), Rule 16b-3(d), grant, award, or other acquisition
4 terms
restricted stock financial
"Represents a grant of restricted stock that vests in three annual installments"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
Section 16(b) regulatory
"This transaction is exempt from Section 16(b) of the Securities Exchange Act of 1934"
A federal rule that requires company insiders—like officers, directors and large shareholders—to return any profits made from buying and selling the company’s stock within a six-month window. It matters to investors because it discourages short-term trades that could exploit non-public information and helps protect outside shareholders by creating a simple, enforceable way to recover unfair gains, much like a rule stopping someone from flipping a limited-edition item for quick profit after getting early access.
Rule 16b-3(d) regulatory
"pursuant to Rule 16b-3(d) thereunder"
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What insider transaction did TruBridge (TBRG) report for CFO Vinay Bassi?
TruBridge reported that CFO Vinay Bassi received a grant of 12,698 shares of restricted common stock. This was a compensation-related equity award, not an open-market purchase or sale, and was recorded as an acquisition at no cash cost per share.
How does the TruBridge (TBRG) restricted stock grant to the CFO vest?
The restricted stock grant to TruBridge CFO Vinay Bassi vests in three equal annual installments. One-third of the 12,698 shares will vest on each anniversary of the grant date, aligning the award with multi-year service and performance at the company.
Was the TruBridge (TBRG) CFO’s restricted stock grant an open-market purchase?
No, the CFO’s 12,698-share restricted stock award was a compensation grant with a stated price of $0.0000 per share. It was not an open-market purchase and is treated as an equity incentive, exempt under specific Section 16(b) rules.
What regulatory exemption applies to the TruBridge (TBRG) CFO’s stock grant?
The restricted stock grant to TruBridge CFO Vinay Bassi is described as exempt from Section 16(b) short-swing profit rules. The filing cites Rule 16b-3(d) under the Securities Exchange Act of 1934 as the basis for this exemption for the compensation award.