Form 4: Corsair Gaming Director Szteinbaum Receives Stock Options and Restricted Stock Units

Samuel R. Szteinbaum, a director at Corsair Gaming, Inc., acquired stock options and restricted stock units (RSUs) on June 6, 2024, according to a recent SEC Form 4 filing.

Summary

• On June 6, 2024, Samuel R. Szteinbaum, a director of Corsair Gaming, Inc., received 19,841 stock options with an exercise price of $11.73.
• These options vest fully on the earlier of June 6, 2025, or the day before the next annual stockholder meeting following June 6, 2024, contingent upon continued service.
• Szteinbaum also received 8,874 restricted stock units (RSUs) that vest on the same conditions as the stock options.
• Each RSU represents the right to receive one share of Corsair Gaming common stock upon vesting.
• Following these transactions, Szteinbaum directly owns 307,829 shares of Corsair Gaming common stock and 19,841 stock options.
• The filing indicates that these transactions were not made pursuant to a Rule 10b5-1(c) trading plan.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The granting of stock options and RSUs is a standard practice that aligns the director's interests with those of shareholders. There are no immediately negative implications.

Positives

• The granting of stock options and RSUs to a director aligns their interests with those of the shareholders, incentivizing them to work towards the company's success.
• The vesting schedule, contingent on continued service, encourages the director's long-term commitment to the company.

Industry Context

Stock options and RSUs are common forms of executive compensation in the technology industry, used to attract and retain talent and align their interests with those of shareholders. This grant is consistent with standard practices for compensating directors in publicly traded companies.

Comparison to Industry Standards

• Companies like Logitech, Razer, and Turtle Beach also use stock options and RSUs as part of their executive compensation packages.
• The vesting schedules and exercise prices are generally aligned with industry norms, aiming to incentivize long-term performance and retention.
• The specific amounts granted to directors vary based on company size, performance, and individual contributions.

Stakeholder Impact

• The granting of stock options and RSUs can positively impact shareholders by aligning the director's interests with the company's long-term success.
• Employees may view this as a positive sign of the company's commitment to its leadership.

Key Dates