Form 4: Accuray Inc. Director James M. Hindman Acquires Restricted Stock Units

Director James M. Hindman of Accuray Inc. acquired 56,603 restricted stock units, which will vest on November 21, 2025.

Summary

• James M. Hindman, a director at Accuray Inc., has reported the acquisition of 56,603 restricted stock units (RSUs).
• These RSUs were granted on November 29, 2024, and each RSU represents the right to receive one share of Accuray's common stock.
• The RSUs will vest 100% on November 21, 2025.
• The transaction was reported on December 3, 2024.

Sentiment

Score: 7

Explanation: The document reflects a standard transaction of stock units to a director, which is generally viewed as a positive sign of alignment between management and shareholders. It is not a major event, but it is a positive indicator.

Positives

• The acquisition of restricted stock units by a director can be seen as a positive sign of confidence in the company's future performance.

Future Outlook

The vesting of the restricted stock units on November 21, 2025, is a future event that will result in the director receiving shares of common stock.

Industry Context

This is a standard transaction for a director of a public company, often used as part of compensation packages to align the interests of management with shareholders.

Comparison to Industry Standards

• The granting of restricted stock units to directors is a common practice in publicly traded companies, including those in the medical technology sector like Accuray.
• Companies such as Varian Medical Systems and Elekta also use similar equity-based compensation for their directors and executives.
• The vesting period of approximately one year is also typical for such grants.

Stakeholder Impact

• The acquisition of restricted stock units by a director can positively impact shareholder confidence.
• The vesting of the RSUs will increase the director's stake in the company.

Next Steps

• The director will receive the shares of common stock upon the vesting of the restricted stock units on November 21, 2025.

Key Dates

Keywords

Accuray Inc, Restricted Stock Units, RSU, Director, James M. Hindman, Stock Acquisition, Beneficial Ownership, SEC Form 4