Vuzix (NASDAQ: VUZI) awards new RSU grants to CEO and CFO
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Vuzix Corporation reported new equity awards for its top executives. On April 29, 2026, the company granted 477,178 restricted stock units (RSUs) to CEO Paul Travers and 193,258 RSUs to CFO Grant Russell under its 2023 Equity Incentive Plan.
Half of each grant will vest over time, with one-third vesting on December 15, 2026, one-third on December 15, 2027, and one-third on December 15, 2028. The remaining half is tied to performance goals that may be earned, and potentially increased up to 150% of that performance-based portion, based on achievements through December 31, 2028.
Positive
- None.
Negative
- None.
8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Key Figures
CEO RSU grant: 477,178 RSUs
CFO RSU grant: 193,258 RSUs
Time-based vesting schedule: 1/3 each in 2026, 2027, 2028
+3 more
6 metrics
CEO RSU grant
477,178 RSUs
Granted to CEO Paul Travers on April 29, 2026
CFO RSU grant
193,258 RSUs
Granted to CFO Grant Russell on April 29, 2026
Time-based vesting schedule
1/3 each in 2026, 2027, 2028
50% of RSUs vest on Dec 15, 2026, 2027, 2028
Performance-based portion
50% of RSUs
Vests upon performance achievements through December 31, 2028
Performance upside factor
Up to 150%
Performance-based RSU portion may increase to 150% of that amount
Form type
Form 8-K, Item 5.02
Disclosure of compensatory arrangements for certain officers
Key Terms
restricted stock units, time-based vesting, performance-based vesting, 2023 Equity Incentive Plan, +1 more
5 terms
restricted stock units financial
"Vuzix Corporation granted 477,178 restricted stock units (“RSUs”)"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
time-based vesting financial
"RSUs, both time-based vesting and performance-based vesting, to Paul Travers"
Time-based vesting is a schedule that gives employees or contractors ownership of granted stock or options gradually as they remain with a company, like unlocking rewards in a loyalty program the longer you stick around. For investors, it matters because it affects future share supply, management incentives and staff retention — all of which can influence company performance and dilution of existing shareholders.
performance-based vesting financial
"RSUs, both time-based vesting and performance-based vesting, to Paul Travers"
2023 Equity Incentive Plan financial
"The RSUs were granted under the Company’s existing 2023 Equity Incentive Plan."
emerging growth company regulatory
"Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
FAQ
What executive equity awards did Vuzix (VUZI) disclose on April 29, 2026?
Vuzix granted new restricted stock units to its top executives. CEO Paul Travers received 477,178 RSUs and CFO Grant Russell received 193,258 RSUs, all issued under the company’s 2023 Equity Incentive Plan as part of their compensation structure.
How do the time-based RSUs for Vuzix (VUZI) executives vest?
Half of each executive’s RSUs vest based on time. That 50% vests in three equal installments: one-third on December 15, 2026, one-third on December 15, 2027, and the final third on December 15, 2028, assuming continued service.
What performance conditions apply to the new Vuzix (VUZI) RSUs?
The remaining 50% of each RSU grant vests only upon achieving specified performance goals. These performance-based RSUs can be earned up to December 31, 2028, and the earned amount may increase up to 150% of that performance-based portion.
Under which plan were the April 2026 Vuzix (VUZI) RSUs granted?
The company granted these RSUs under its existing 2023 Equity Incentive Plan. This plan provides a framework for awarding equity-based compensation such as restricted stock units to executives and other eligible participants to align incentives with company performance.
Which Vuzix (VUZI) executives received RSUs and in what amounts?
Two senior officers received RSUs. CEO Paul Travers was granted 477,178 RSUs, and CFO Grant Russell was granted 193,258 RSUs. Both grants combine time-based vesting and performance-based vesting components extending through December 31, 2028.