Form 4: Allurion Technologies Director Alberti-Perez Receives 75,000 Restricted Stock Units

Director Milena Alberti-Perez received 75,000 Restricted Stock Units (RSUs) from Allurion Technologies, vesting annually over three years.

Summary

• Milena Alberti-Perez, a director of Allurion Technologies, Inc. (ALUR), received an initial grant of 75,000 Restricted Stock Units (RSUs) on March 11, 2024.
• The RSUs were issued under the company's non-employee director compensation policy and the 2023 Stock Option and Incentive Plan.
• Each RSU represents the right to receive one share of Allurion Technologies' common stock.
• The RSUs will vest in equal annual installments over three years, starting from March 11, 2024, contingent upon Alberti-Perez's continued service as a director.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The RSU grant is a standard practice and aligns director interests with shareholders. There are no immediate negative implications.

Positives

• The grant of RSUs aligns the director's interests with those of the shareholders, incentivizing continued service and contribution to the company's success.

Future Outlook

The vesting of the RSUs is contingent upon the director's continued service, suggesting an expectation of ongoing involvement and contribution to the company.

Industry Context

Granting stock-based compensation to directors is a common practice to align their interests with those of shareholders and incentivize long-term value creation. This is a standard component of director compensation packages in publicly traded companies.

Comparison to Industry Standards

• Director compensation packages, including stock options and RSUs, are common across the technology and healthcare industries.
• The size and vesting schedule of the RSU grant are likely benchmarked against peer companies to attract and retain qualified board members.
• Companies like InMode Ltd. and Cutera, Inc. also utilize stock-based compensation for their directors, with similar vesting schedules to align interests with shareholders.

Stakeholder Impact

• Shareholders may view the RSU grant positively as it aligns the director's interests with long-term value creation.
• The director is incentivized to remain engaged and contribute to the company's success.

Key Dates