Form 4: HealthStream Director Linda Rebrovick Reports Vesting of Restricted Share Units

Director Linda Rebrovick reports the vesting of restricted share units into HealthStream common stock.

Summary

• On March 28, 2025, Linda Rebrovick, a director of HealthStream Inc., reported the vesting of 1,149 restricted share units (RSUs) into common stock.
• These RSUs vested at a price of $0.
• Following the transaction, Rebrovick directly owns 56,049 shares of HealthStream common stock.
• The RSUs were subject to a three-year vesting schedule, contingent upon continued service, with annual vesting beginning March 23, 2023, in three equal installments.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to executive compensation. It doesn't contain any information that would significantly impact investor sentiment positively or negatively.

Industry Context

This is a standard SEC Form 4 filing, reflecting a common practice of equity compensation for company directors. It's typical for companies to grant stock options or restricted stock units that vest over time to align the interests of directors with those of shareholders.

Comparison to Industry Standards

• Equity compensation for board members is a common practice across publicly traded companies.
• Vesting schedules, like the three-year schedule described, are standard to ensure continued service and alignment with long-term company performance.
• Companies like Veeva Systems, Cerner, and Medidata Solutions also utilize equity-based compensation for their directors, often with similar vesting terms.

Stakeholder Impact

• The vesting of RSUs has a minor dilutive effect on existing shareholders.
• It incentivizes the director to continue providing valuable service to the company.

Key Dates

Keywords

HealthStream, Director, Linda Rebrovick, Restricted Share Units, RSU, Vesting, Common Stock, Form 4, SEC